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Relative Weight ETFs


The Direxion Russell Large Over Small Cap ETF seeks investment results, before fees and expenses, that track the Russell 1000®/Russell 2000® 150/50 Net Spread Index. There is no guarantee that the fund will achieve its stated investment objective.

Relative Weight ETFs provide a simple, cost-effective way to express thematic views. When the favored weighting is correct, the fund will seek to outperform traditional long-only strategies.



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Target Index

The Russell 1000®/Russell 2000® 150/50 Net Spread Index (R1R2NC) measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Index (the “Long Component”) and 50% short exposure to the Russell 2000® Index (the “Short Component”). On a monthly basis, the Index will rebalance such that the weight of the Long Component is equal to 150% and the weight of the Short Component is equal to 50% of the Index value. In tracking the Index, the Fund seeks to provide a vehicle for investors looking to efficiently express a large-capitalization over small-capitalization investment view by overweighting exposure to the Long Component and shorting exposure to the Short Component. One cannot directly invest in an index.

Index Holdings & Weightings

Top 5 Long %

Microsoft 7.63
Apple Inc 6.71
Amazon 5.22
Facebook 2.55
Berkshire Hathaway 2.29

Top 5 Short %

Teladoc -0.39
Generac -0.20
Amedisys -0.20
Novocure -0.20
Lumentum -0.19

Index Sector Weightings %

Information Technology 30.06
Communication Services 14.32
Health Care 12.29
Consumer Discretionary 10.77
Consumer Staples 9.22
Financials 8.3
Industrials 5.36
Utilities 2.96
Energy 2.89
Materials 2.12
Real Estate 1.66

Source: Bloomberg. Index and Sector weightings are net and as of 3/31/2020 and subject to change.

Fund Exposure

Large Cap Stocks 150%
Small Cap Stocks -50%
Total Net Exposure 100%

Pricing & Performance

NAV and Market Price information as of Invalid date. Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.