Direxion Daily Total Bond Market Bear 1X Shares












    2.11 / 0.49*

  • Duration

    -5.87 Years


    Mar 23, 2011


Special Notices:

  • The Direxion Daily Total Bond Market Bear 1X Shares closed on March 27, 2020 and will liquidate on April 06, 2020. Read More
  • Regarding Recent Market Disruptions. To read important information relating to leveraged and inverse funds and Market Disruption Risk, click here.

The Direxion Daily Total Bond Market Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the Bloomberg Barclays U.S. Aggregate Bond Index.  There is no guarantee this fund will meet its stated investment objective.

This ETF seeks a return that is -100% of the return of its benchmark index for a single day. The fund should not be expected to provide 100% of the inverse of the benchmark’s cumulative return for periods greater than a day.

Strategy & Benefits

Key Benefits

Single inverse ETFs are trading tools that allow investors to either seek profit or seek to apply a hedge for an existing portfolio position that they anticipate will experience negative returns, in the short term.

  • The fund allows investors a tactical trading alternative to selling out of an existing position and creating a taxable event.
  • Since it does not employ leverage, compounding is less magnified compared to leveraged inverse ETFs.

Inverse ETFs are designed to move in the opposite direction of their benchmarks on a daily basis, and should not be expected to track their underlying indexes over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand the consequences of seeking daily inverse investment results and intend to actively manage their investments.

Target Index

The Bloomberg Barclays US Aggregate Bond Index (LBUSTRUU) measures the performance of the investment grade, U.S. Dollar denominated, fixed-rate taxable bond market, and is composed of U.S. Treasury bonds, government-related bonds, investment-grade corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities and asset-backed securities. One cannot directly invest in an index.

Index Bond Maturities %

Treasury 39.63
Government-Related 5.72
Corporate 25.05
Securitized 29.59

Index Credit Ratings %

Aaa 72.03
Aa 3.38
A 10.78
Baa 13.80

The credit ratings are published rankings based on Moody's financial analyses as it relates to the bond issuer’s ability to meet debt obligations. The highest rating is Aaa, and the lowest is C.

Index Statistics

Duration 5.87 Years
Weighted Average Maturity 8.06 Years
Weighted Average Coupon 3.17%
30 Day Volatility 3.66%

Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years.

The weighted average maturity of the time until all maturities on treasuries in the index. The higher the weighted average to maturity, the longer the bonds have in the index until maturity.

The weighted average coupon of the index is arrived at by weighting the coupon of each bond by its relative size in the portfolio.

Volatility is a measurement of risk based on daily volatility of price over the last 30 days of the period calculated using standard deviation.

Source: Bloomberg. Data as of 12/31/2019 and is subject to change at any time.

Pricing and Performance

NAV and Market Price information as of March 31, 2020. Line chart shows pricing trend over the last 30 days.

fund symbol


  • Net asset value (NAV)

    • 28.64
  • market price closing

    • 28.64
    • 0.00
    • 0.00
  • Premium / Discount

* The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.45%. The Fund's adviser, Rafferty Asset Management, LLC ("Rafferty") has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2021, to the extent that the Fund's Total Annual Fund Operating Expenses exceed 0.45% of the Fund's average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at www.direxion.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.


  • SAGG
  • Daily Total Bond Market Bear 1X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
12/24/2019 12/23/2019 12/31/2019 0.08055
09/25/2019 09/24/2019 10/01/2019 0.14314
06/26/2019 06/25/2019 07/02/2019 0.15776
03/20/2019 03/19/2019 03/26/2019 0.15114
12/28/2018 12/27/2018 01/04/2019 0.11465
09/26/2018 09/25/2018 10/02/2018 0.12416
06/20/2018 06/19/2018 06/26/2018 0.08718