Direxion High Growth ETF

Frequently Asked Questions About HIPR

What does HIPR invest in?

The investment seeks investment results, before fees and expenses, that track the Russell 1000 Hyper Growth Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in the securities that comprise the index. The index seeks to identify domestic "high" growth companies by scoring securities for Quality, Momentum, Value, and Volatility factors and for representing Value or Growth stocks. It is non-diversified.

What is the expense ratio of HIPR?

Direxion High Growth ETF (HIPR) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HIPR?

Direxion High Growth ETF (HIPR) manages $11.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HIPR actively managed or an index fund?

HIPR is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (HIPR's is 0.40%) because there's no security selection cost.

When was HIPR launched?

Direxion High Growth ETF (HIPR) launched in June 2020 and is managed by Direxion.

How has HIPR performed?

HIPR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.