RWSL ETF — Holdings & Analysis

The Direxion Russell Small Over Large Cap ETF (RWSL) offers a unique approach to equity investing by aiming to capture the performance differential between small-cap and large-cap stocks.

With an expense ratio of 0.59%, RWSL seeks to track the Russell 2000/Russell 1000 150/50 Net Spread Index. The fund has approximately $0.00B in assets under management and inverts the traditional long-only equity strategy by going long on small caps and short on large caps, providing a potentially attractive option for investors seeking to capitalize on relative performance trends. Past performance does not guarantee future results.

Direxion Russell Small Over Large Cap ETF (RWSL) ETF — Price, Holdings & Analysis

The Direxion Russell Small Over Large Cap ETF (RWSL) offers a unique approach to equity investing by aiming to capture the performance differential between small-cap and large-cap stocks. With an expense ratio of 0.59%, RWSL seeks to track the Russell 2000/Russell 1000 150/50 Net Spread Index. The fund has approximately $0.00B in assets under management and inverts the traditional long-only equity strategy by going long on small caps and short on large caps, providing a potentially attractive option for investors seeking to capitalize on relative performance trends. Past performance does not guarantee future results.

ETF Overview

The investment seeks investment results, before fees and expenses, that track the Russell 2000Â/Russell 1000Â 150/50 Net Spread Index (the "index"). The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds ("ETFs") on the Long Component of the index. The index measures the performance of a portfolio that has 150% long exposure to the Russell 2000Â Index (the "Long Component") and 50% short exposure to the Russell 1000Â Index (the "Short Component"). The fund is non-diversified.

RWSL is designed for investors who believe small-cap stocks will outperform large-cap stocks. The ETF achieves this by tracking the Russell 2000/Russell 1000 150/50 Net Spread Index, which provides 150% long exposure to the Russell 2000 Index (small-cap) and 50% short exposure to the Russell 1000 Index (large-cap). This strategy aims to capture the spread between the performance of these two market segments. The fund invests primarily in securities that comprise the long component of the index, with a significant portion (95.46%) of its assets currently allocated to the iShares Russell 2000 ETF (IWM). Sector allocation is diverse, with significant exposure to Healthcare (18.2%), Industrials (16.6%), and Financial Services (16.2%). Technology comprises 13.2% of the portfolio. RWSL is non-diversified, which means it may be subject to greater volatility than a diversified fund. Past performance does not guarantee future results.

Risk Metrics

RWSL's investment strategy carries specific risks. Its non-diversified status means that a significant portion of its assets are concentrated in a single holding (iShares Russell 2000 ETF), increasing concentration risk. The fund's sector allocation, with significant exposure to Healthcare, Industrials and Financial Services, exposes it to sector-specific risks. The expense ratio of 0.59% will create a drag on performance, especially in periods of low returns. The fund's structure, which involves both long and short positions, can be complex and may not perform as expected if the relationship between small-cap and large-cap stocks changes. Investors should be aware that the fund's beta is 0.00, indicating it has not been tracking with the market. Past performance does not guarantee future results.

Expense Ratio

0.59%

What does RWSL hold?

Holding	Weight
iShares Russell 2000 ETF (IWM)	95.46%

How Is the Fund Allocated?

Sector	Weight
Healthcare	18.2%
Industrials	16.6%
Financial Services	16.2%
Technology	13.2%
Consumer Cyclical	9.8%
Real Estate	9.1%
Consumer Defensive	3.8%
Utilities	3.7%
Basic Materials	3.6%
Energy	3.2%
Communication Services	2.6%

Dividend Yield

1.30%

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AdvisorShares Vice ETF (VICE) — 1.71% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) — 0.47% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) — 0.20% expense ratio
Global X - MSCI Colombia ETF (GXG) — 0.62% expense ratio
ProShares - Online Retail ETF (ONLN) — 0.58% expense ratio
Direxion MSCI Developed Over Emerging Markets ETF (RWDE) — 0.53% expense ratio

Direxion World Without Waste ETF (WWOW) (Equity) — 0.50% expense ratio
Direxion MSCI Developed Over Emerging Markets ETF (RWDE) (Equity) — 0.53% expense ratio
Direxion Daily XOM Bull 2X ETF (XOMX) (Equity) — 2.36% expense ratio
Direxion Daily Uranium Industry Bull 2X ETF (URAA) (Equity) — 1.46% expense ratio
Direxion Daily Global Clean Energy Bull 2X Shares (KLNE) (Equity) — 1.33% expense ratio
Direxion Daily AMD Bull 2X ETF (AMUU) (Equity) — 1.16% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is RWSL and what does it track?

The Direxion Russell Small Over Large Cap ETF (RWSL) is an exchange-traded fund that seeks to track the Russell 2000/Russell 1000 150/50 Net Spread Index.

This index measures the performance of a portfolio that has 150% long exposure to the Russell 2000 Index (small-cap stocks) and 50% short exposure to the Russell 1000 Index (large-cap stocks).

What is the expense ratio for RWSL?

The expense ratio for the Direxion Russell Small Over Large Cap ETF (RWSL) is 0.59%. This means that for every $10,000 invested in the fund, $59 is used to cover the fund's operating expenses annually.

While this is higher than some broad market ETFs, it is important to consider the specialized strategy of the fund when evaluating its cost.

What are the top holdings in RWSL?

As of 2026-03-15, the top holding in the Direxion Russell Small Over Large Cap ETF (RWSL) is the iShares Russell 2000 ETF (IWM), comprising 95.46% of the fund's assets.

This indicates that RWSL primarily achieves its long exposure to small-cap stocks through investment in this ETF.

Is RWSL a good long-term investment?

Whether RWSL is a suitable long-term investment depends on an investor's specific goals, risk tolerance, and outlook on the relative performance of small-cap and large-cap stocks.

RWSL's strategy is designed to capture the spread between these two market segments, which can be influenced by economic cycles and market sentiment.

How does RWSL compare to similar ETFs?

RWSL differentiates itself through its unique long/short strategy, providing 150% long exposure to the Russell 2000 (small-cap) and 50% short exposure to the Russell 1000 (large-cap). Many ETFs focus on either long-only exposure to small-cap or large-cap stocks.

RWSL's expense ratio is 0.59%.

Does RWSL pay dividends?

Yes, RWSL does pay dividends. The current dividend yield for RWSL is 1.30%. This yield represents the annual dividend payment as a percentage of the fund's current net asset value (NAV).

Dividend payments can vary over time and are not guaranteed. Investors seeking income may find RWSL's dividend yield an attractive feature, but should also consider the fund's overall investment strategy and risk profile.