Frequently Asked Questions About RUSS

What does RUSS invest in?

The investment seeks daily investment results before fees and expenses of 300% of the inverse of the daily performance of the MVIS Russia Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of its net assets. The index is a rules-based index, intended to represent the overall performance of publically traded companies that are domiciled and primarily listed on an exchange in Russia or that are not Russian companies, but nonetheless generate at least 50% of their revenues in Russia. It is non-diversified.

What is the expense ratio of RUSS?

Direxion Daily Russia Bear 3X Shares (RUSS) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.

Is RUSS a good long-term hold?

RUSS is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does RUSS's daily reset work?

RUSS rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is RUSS?

Direxion Daily Russia Bear 3X Shares (RUSS) manages $24.3M 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 RUSS actively managed or an index fund?

RUSS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

RUSS (Direxion Daily Russia Bear 3X Shares) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

RUSS

Direxion Daily Russia Bear 3X Shares

AMEX·Asset Management, Leveraged · Financial Services

$9.09$1.28+16.39%

Market closed·Mar 27 7:59 PM UTC

Price Chart

$9.09+$1.28 (+16.39%)today

+0.00%

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FromTo

May 25, 2011Aug 23, 2021 → Aug 23, 2026· 5.0 yrsAug 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio1.12%

Cost per 10k Invested$112

AUM$24.27M

Avg Daily Volume331.85K

Price$9.09

NAV$9.09

Premium / Discount+0.00%

52-Week Range$6.46 – $21.26

Beta−2.38

Fund Overview

Cost Verdict

Is RUSS's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Direxion
Asset Class: Equity
Strategy: Leveraged
Inception: May 25, 2011
Fund Type: ETF
Domicile
Currency: USD
ISIN
CUSIP

Peers

Peers Tab

RUSL

Direxion Daily Russia Bull 2X Shares

Cap

$25.3M

ZVOL

Volatility Shares Trust - Volatility Premium Plus ETF

Latest News

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Frequently Asked Questions About RUSS

What does RUSS invest in?: The investment seeks daily investment results before fees and expenses of 300% of the inverse of the daily performance of the MVIS Russia Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of its net assets. The index is a rules-based index, intended to represent the overall performance of publically traded companies that are domiciled and primarily listed on an exchange in Russia or that are not Russian companies, but nonetheless generate at least 50% of their revenues in Russia. It is non-diversified.
What is the expense ratio of RUSS?: Direxion Daily Russia Bear 3X Shares (RUSS) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.
Is RUSS a good long-term hold?: RUSS is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does RUSS's daily reset work?: RUSS rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is RUSS?: Direxion Daily Russia Bear 3X Shares (RUSS) manages $24.3M 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 RUSS actively managed or an index fund?: RUSS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.