Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the Direxion Daily Russia Bear 3x Shares (NYSEMKT: RUSS) has received the dreaded one-star ranking.
With that in mind, let's take a closer look at RUSS, and see what CAPS investors are saying about the ETF right now.
RUSS facts
|
Inception |
May 2011 |
|
Total Net Assets |
$7.4 million |
|
Investment Approach |
Seeks daily investment results of the performance of the Market Vectors Russia Index. 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. |
|
Expense Ratio |
1.07% |
|
3-Month / Year-to-Date / 1-Year Return |
(34%) / (5.9%) / (34.1%) |
|
Alternatives |
ProShares Short Euro |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 61% of the 109 members who have rated RUSS 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 RUSS bear case for our community:
I do love how it's a "Russian Bear" fund, that's pretty funny. But betting against leveraged short [ETFs] is easy. Plus Russia has a lot of things going for it, not the least of which is a tonne of hydrocarbons next door to some of the biggest consumers and importers of fossil fuels in the world.
Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.
