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
28.8 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) | $29 |
| 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) | $328,475 |
| Large cap (>$10bn) | 68.2% |
| Mid cap ($2-10bn) | 20.3% |
| Small cap (<$2bn) | 11.5% |
| Developed mkts. | 94.2% |
| Emerging mkts. | 5.8% |
Country Exposure
 |
UNITED STATES | 85.2 % |
 |
CHINA | 5.3 % |
 |
ISRAEL | 2.6 % |
 |
AUSTRALIA | 2.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.7% | 24.4% | 18.2% | -6.9% | -- | -- | 4.0% | Volatility | 19.5% | 20.5% | 27.5% | 28.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 55% |
| MSCI EAFE | 0.73 | 32% |
| MSCI Emg Mkts | 0.67 | 26% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $37,595 |
Technical Indicators
| Recent close | $60.50 |
| 30d moving avg. | $59.43 |
| Annualized volatility | 22.7% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 6.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WFH |
Expenses vs. WFH |
ALTAR Score™ vs. WFH |
|---|---|---|---|---|
| SKYY | First Trust Cloud Computing ETF | 38.3% | +15 bp | -3.0% |
| CLOD | Themes Cloud Computing ETF | 35.8% | -10 bp | -3.3% |
| MVPS | Amplify Thematic All-Stars ETF | 35.8% | +4 bp | -3.1% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 32.8% | +23 bp | -2.2% |
| ARTY | iShares Future AI & Tech ETF | 32.4% | +2 bp | -2.2% |
| XNTK | SPDR NYSE Technology ETF | 31.0% | -10 bp | -2.2% |
| XPND | First Trust Expanded Technology ETF | 30.7% | +20 bp | -1.7% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 29.9% | -5 bp | -2.2% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 29.8% | +15 bp | -2.3% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 29.5% | +3 bp | -4.1% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 10/29/2024
Peer Group Comparison Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
6.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. WFH's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places WFH in the 58th 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 | 49 |
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. | 36.7 | 15.2 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .