Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the Direxion Daily Developed Markets Bear 3x Shares (NYSE: DPK ) has received the dreaded one-star ranking.
With that in mind, let's take a closer look at Direxion Daily Developed Markets Bear 3x and see what CAPS investors are saying about the ETF right now.
|Total Net Assets||$15.1 million|
|Investment Approach||Seeks daily investment results of 300% of the inverse (or opposite) of the performance of the MSCI EAFEA Index. The index is designed to measure developed market equity performance, excluding the U.S. and Canada.|
|Year-to-Date / 1-Year / 3-Year Return||(41.4%) / (57.6%) / (38.3%)|
|Alternatives||ProShares UltraShort S&P 500
Direxion Daily Small Cap Bear 3x Shares
Direxion Daily Financial Bear 3x Shares
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 53% of the 547 members who have rated Direxion Daily Developed Markets Bear 3x believe the ETF will underperform the S&P 500 going forward.
Just last week, one of those Fools, All-Star TerryHogan, succinctly summed up the bear case for our community: "I'm bullish in the long-term on developed markets, and I also think volatility isn't going anywhere fast, so this 3X Bear ETF is an easy [underperform] pick. It will degrade with the volatility of time, and with the gradual increase of the market."
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