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




Dec. 2008

Total Net Assets

$10.2 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.

Expense Ratio


Year-to-Date / 1-Year / 3-Year Return

(28.2%) / (55.1%) / (50%)


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.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 daysWe Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.