WFH
Direxion Work From Home ETF
WFH tracks an equally-weighted index of global firms that provides work from home capabilities. Stocks are selected using proprietary natural language processing algorithm.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
26.3 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 25, 2020 |
| Assets (mns) | $26 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALPHABET INC. CLASS A | 3.3 % |
| ORACLE CORP | 3.2 % |
| 8X8, INC. | 3.1 % |
| NETAPP INC | 3.1 % |
| PALO ALTO NETWORKS INC | 3.0 % |
| SMARTSHEET, INC. CLASS A | 3.0 % |
| BROADCOM INC. | 2.9 % |
| SYNNEX CORP | 2.9 % |
| SERVICENOW INC | 2.9 % |
| RINGCENTRAL, INC. CLASS A | 2.8 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 255 |
| Wgt avg mkt cap (mns) | $337,553 |
| Large cap (>$10bn) | 68.9% |
| Mid cap ($2-10bn) | 20.0% |
| Small cap (<$2bn) | 11.1% |
| Developed mkts. | 94.9% |
| Emerging mkts. | 5.1% |
Country Exposure
 |
UNITED STATES | 85.2 % |
 |
CHINA | 5.3 % |
 |
ISRAEL | 2.6 % |
 |
AUSTRALIA | 2.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.2% | 27.8% | 23.8% | -3.6% | -- | -- | 6.3% | Volatility | 18.6% | 18.8% | 23.7% | 28.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 55% |
| MSCI EAFE | 0.67 | 26% |
| MSCI Emg Mkts | 0.61 | 21% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $41,650 |
Technical Indicators
| Recent close | $65.74 |
| 30d moving avg. | $65.48 |
| Annualized volatility | 22.9% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WFH |
Expenses vs. WFH |
ALTAR Score™ vs. WFH |
|---|---|---|---|---|
| SKYY | First Trust Cloud Computing ETF | 37.3% | +15 bp | -3.1% |
| CLOD | Themes Cloud Computing ETF | 36.6% | -10 bp | -3.2% |
| MVPS | Amplify Thematic All-Stars ETF | 36.5% | +4 bp | -2.9% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 33.0% | +23 bp | -2.0% |
| ARTY | iShares Future AI & Tech ETF | 32.5% | +2 bp | -2.3% |
| XNTK | SPDR NYSE Technology ETF | 31.1% | -10 bp | -1.6% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 30.3% | -5 bp | -1.9% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 30.2% | +3 bp | -3.9% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 29.8% | +15 bp | -1.8% |
| IETC | iShares U.S. Tech Independence Focused ETF | 29.3% | -27 bp | -1.5% |
Risk and Returns: WFH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
WFH
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
WFH
5.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. WFH's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places WFH in the 52nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WFHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| WFH (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WFH | 45.0 | 22.9 | 67.9 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .