Frequently Asked Questions About WDRW

What does WDRW invest in?

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Regional Banks Select Industry 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 the fund's net assets (plus borrowing for investment purposes). The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS regional banks sub-industry. It is non-diversified.

What is the expense ratio of WDRW?

Direxion Daily Regional Banks Bear 3X Shares (WDRW) charges an expense ratio of 1.09%. This is the annual fee deducted from fund assets to cover management and operations.

Is WDRW a good long-term hold?

WDRW 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 WDRW's daily reset work?

WDRW 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 WDRW?

Direxion Daily Regional Banks Bear 3X Shares (WDRW) manages $1.6M 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 WDRW actively managed or an index fund?

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

WDRW (Direxion Daily Regional Banks 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.

WDRW

Direxion Daily Regional Banks Bear 3X Shares

AMEX·Asset Management, Leveraged · Financial Services

$40.76$3.49+9.36%

Market closed·Mar 27 7:59 PM UTC

Price Chart

$40.76+$3.49 (+9.36%)today

+0.00%

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FromTo

Aug 19, 2015Aug 26, 2021 → Aug 26, 2026· 5.0 yrsAug 26, 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 Ratio1.09%

Cost per 10k Invested$109

AUM$1.63M

Avg Daily Volume15.43K

Price$40.76

NAV$40.73

Premium / Discount+0.07%

52-Week Range$20.03 – $83.63

Beta−4.49

Fund Overview

Cost Verdict

Is WDRW'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: August 19, 2015
Fund Type: ETF
Domicile
Currency: USD
ISIN
CUSIP

Peers

Peers Tab

UCHF

Citigroup ETNs linked to the VelocityShares Daily 4X Long CHF vs. USD Index

Cap

$1.6M

XCOM

Corgi All Commodities 2x Daily ETF

Latest News

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Frequently Asked Questions About WDRW

What does WDRW invest in?: The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Regional Banks Select Industry 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 the fund's net assets (plus borrowing for investment purposes). The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS regional banks sub-industry. It is non-diversified.
What is the expense ratio of WDRW?: Direxion Daily Regional Banks Bear 3X Shares (WDRW) charges an expense ratio of 1.09%. This is the annual fee deducted from fund assets to cover management and operations.
Is WDRW a good long-term hold?: WDRW 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 WDRW's daily reset work?: WDRW 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 WDRW?: Direxion Daily Regional Banks Bear 3X Shares (WDRW) manages $1.6M 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 WDRW actively managed or an index fund?: WDRW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.