Direxion Russell 1000 Value Over Growth ETF

Frequently Asked Questions About RWVG

What does RWVG invest in?

The index measures the performance of a portfolio that has 150% long exposure to the Russell 1000 Value Index (the "Long Component") and 50% short exposure to the Russell 1000 Growth Index (the "Short Component"). The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds (“ETFs”) that track the Long Component of the index. The fund is non-diversified.

What is the expense ratio of RWVG?

Direxion Russell 1000 Value Over Growth ETF (RWVG) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RWVG?

Direxion Russell 1000 Value Over Growth ETF (RWVG) manages $14.2M 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 RWVG actively managed or an index fund?

RWVG 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 (RWVG's is 0.63%) because there's no security selection cost.

When was RWVG launched?

Direxion Russell 1000 Value Over Growth ETF (RWVG) launched in January 2019 and is managed by Direxion.

How has RWVG performed?

RWVG'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.