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) have received the dreaded one-star ranking.
With that in mind, let's take a closer look at DPK and see what CAPS investors are saying about the ETF right now.
DPK facts
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Inception |
Dec. 2008 |
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Total Net Assets |
$10.2 million |
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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. |
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Expense Ratio |
1.01% |
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Year-to-Date / 1-Year / 3-Year Return |
(28.2%) / (55.1%) / (50%) |
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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 561 members who have rated DPK believe the ETF will underperform the S&P 500 going forward.
Earlier today, one of those Fools, All-Star TerryHogan, succinctly summed up the DPK bear case for our community:
I'm actually not super bullish on developed markets from these prices levels, but I don't claim to be able to time the markets. I'm just against the 3X leveraged ETFs, particularly the shorts over the long term, as I believe in a long-term upward trend in the markets, particularly with the advent of near-worldwide low interest rates and monetary easing.
