1-Star ETFs Poised to Plunge: Direxion Daily Russia Bear 3x?

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.

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Read/Post Comments (6) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 12, 2013, at 9:25 AM, RAYREZ wrote:

    Entertaining foolishness

    You all were correct several months ago

    Now you all are incorrect

    With excess oil worldwide and

    slow economies worldwide

    And most of all the DIVERGENCE

    of RUSS turned positive several weeks ago

    Remember.... buy low,, sell high

    I remain BULLISH on RUSS

    Sincerely

    Ray

  • Report this Comment On February 15, 2013, at 11:45 AM, RAYREZ wrote:

    WELL BRIAN MY POST OF A FEW DAYS AGO

    SEEMS TO BECOMING TRUE........

    I AM NOT A LEMING WHO FOLLOWS THE

    61% WHO ARE BEARISH ON RUSS

    I REMAIN BULLISH BECAUSE

    TOOO MUCH OIL IN THE WORLD

    ECONOMIES ARE SLOWING

    THE TECHNICAL CHARTS SAY 'BUY'

    FINALLY MKTS DO NOT LIKE

    HIGH HIGHS NOR LOW LOWS

    THEY CORRECT

    BRIAN, I BELIEVE TO BE A GOOD TEACHER

    OR A GOOD WRITER,,WRITERS MUST MAKE

    PEOPLE THINK FOR THEMSELVES...

    IE HINDSIGHT IS A GOOD TEACHER

    BUT FOREWARD VISION IS A GREAT TEACHER

    PS ONCE WORLDWIDE INFLATION

    BEGINS ,,,,,,,,,RUSL WOULD BE A GOOD CHOICE

  • Report this Comment On February 15, 2013, at 5:59 PM, DAVEG999 wrote:

    RAY

    I ALMOST BOUGHT THIS AT 13.00 BUT DIDN'T. NOW I REGRET THAT DECISION AND ENTERED THE POSITION AT 13.80

    I AM ALSO SHORT CRUDE OIL

    IF THEY ARE SO BEARISH ON RUSS, I ASSUME THEY'RE BUYING RUSL, RIGHT????

  • Report this Comment On March 04, 2013, at 10:21 AM, RAYREZ wrote:

    WELL I TOLD U SO

    RUSS UP 20% IN FEB

    AMUSE YES

    EDUCATE AND ENRICH ..NO

    REMEMBER BUY LOW SELL HI

  • Report this Comment On March 04, 2013, at 10:24 AM, RAYREZ wrote:

    GOOD MOVE DAVEG !!!!!!!!

    U R UP CLOSE TO $3.00 PER SHARE

    REGARDS

    RAY

    PS STAY LONG WITH RUSS

    AND GOOD LUCK..............

  • Report this Comment On March 04, 2013, at 10:27 AM, RAYREZ wrote:

    DAVEG

    PS BASED UPON THE PRICE ACTION OF RUSL

    IE DOWN 20% IN 30 DAYS

    I WOULD SAY WITHOUT DOUBT THEY

    ARE SELLING RUSL...

    RIGHT ??????????????????????

    AGAIN GOOD LUCK

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