WWOW ETF — Holdings & Analysis

The Direxion World Without Waste ETF (WWOW) seeks to capitalize on the shift towards a circular economy, focusing on companies involved in multi-owner and re-use business models.

With an expense ratio of 0.50%, WWOW offers targeted exposure to this emerging trend, although it currently has a small AUM of $0.00B. The fund's concentrated portfolio of 50 holdings emphasizes technology and consumer cyclical sectors, differentiating it from broader market ETFs. Past performance does not guarantee future results.

Direxion World Without Waste ETF (WWOW) ETF — Price, Holdings & Analysis

The Direxion World Without Waste ETF (WWOW) seeks to capitalize on the shift towards a circular economy, focusing on companies involved in multi-owner and re-use business models. With an expense ratio of 0.50%, WWOW offers targeted exposure to this emerging trend, although it currently has a small AUM of $0.00B. The fund's concentrated portfolio of 50 holdings emphasizes technology and consumer cyclical sectors, differentiating it from broader market ETFs. Past performance does not guarantee future results.

ETF Overview

The fund, under normal circumstances, invests at least 80% of its net assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. The index is designed by Indxx, LLC to be comprised of issuers that are representative of the economy shifting from a linear (one user and/or one use) model to a circular one (multi-owner and/or re-use). The fund is non-diversified.

The Direxion World Without Waste ETF (WWOW) aims to provide investors with exposure to companies that are contributing to a more sustainable, circular economy. Unlike traditional linear economic models, the fund targets businesses focused on re-use, recycling, and waste reduction. WWOW tracks an index designed by Indxx, LLC, investing at least 80% of its assets in securities included in the index or similar investments. The fund's top holdings reflect this focus, including companies like First Solar Inc (3.38%), Bloom Energy Corp Class A (2.80%), and SunPower Corp (2.74%). WWOW is heavily weighted towards the Technology sector (36.1%) and Consumer Cyclical sector (21.9%), with significant allocations to Industrials (19.5%) and Utilities (10.5%). This concentrated sector exposure makes it suitable for investors seeking targeted exposure to the circular economy theme, but it may not be appropriate for those seeking broad diversification. The fund is non-diversified, increasing its risk profile. Past performance does not guarantee future results.

Risk Metrics

WWOW carries several risks typical of thematic ETFs. Its non-diversified status and relatively small portfolio of 50 holdings contribute to concentration risk, meaning the performance of a few key holdings can significantly impact the fund's overall returns. The fund's sector allocation is heavily skewed towards Technology (36.1%) and Consumer Cyclical (21.9%), making it vulnerable to sector-specific downturns. With a beta of 0.00, WWOW has demonstrated very low volatility relative to the overall market, but this may not hold true in the future. The expense ratio of 0.50% will create a drag on returns, especially if the fund underperforms its benchmark. Investors should carefully consider these risks before investing. Past performance does not guarantee future results.

Expense Ratio

0.50%

What does WWOW hold?

Holding	Weight
First Solar Inc (FSLR)	3.38%
Bloom Energy Corp Class A (BE)	2.80%
SunPower Corp (SPWR)	2.74%
Sunrun Inc (RUN)	2.61%
Enphase Energy Inc (ENPH)	2.53%
Clean Harbors Inc (CLH)	2.47%
Jumia Technologies AG ADR (JMIA)	2.36%
Uber Technologies Inc (UBER)	2.30%
Ormat Technologies Inc (ORA)	2.28%
Atlassian Corporation PLC A (TEAM)	2.25%

How Is the Fund Allocated?

Sector	Weight
Technology	36.1%
Consumer Cyclical	21.9%
Industrials	19.5%
Utilities	10.5%
Communication Services	6.4%
Basic Materials	3.8%
Healthcare	1.8%

Country	Weight
United Kingdom	2.0%
Australia	2.2%
United States	85.7%
Canada	5.7%
Uruguay	2.3%
Germany	2.1%

Dividend Yield

11.14%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% 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 AMD Bull 2X ETF (AMUU) (Equity) — 1.16% expense ratio
Direxion Daily Global Clean Energy Bull 2X Shares (KLNE) (Equity) — 1.33% expense ratio
Direxion Daily Industrials Bull 3X ETF (DUSL) (Equity) — 0.98% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is WWOW and what does it track?

The Direxion World Without Waste ETF (WWOW) is designed to provide investors exposure to companies that are actively participating in the shift from a linear economy (one use) to a circular economy (multi-use).

The fund tracks an index created by Indxx, LLC, which identifies companies involved in activities like recycling, waste reduction, and the promotion of reusable materials.

What is the expense ratio for WWOW?

The Direxion World Without Waste ETF (WWOW) has an expense ratio of 0.50%. This means that for every $10,000 invested, $50 is deducted annually to cover the fund's operating expenses.

While this is a factor to consider, expense ratios are just one aspect of evaluating an ETF. Investors should also consider the fund's investment strategy, historical performance, and overall risk profile when making investment decisions.

What are the top holdings in WWOW?

As of 2026-03-15, the top holdings in the Direxion World Without Waste ETF (WWOW) include First Solar Inc (3.38%), Bloom Energy Corp Class A (2.80%), and SunPower Corp (2.74%).

These companies represent a significant portion of the fund's portfolio and reflect its focus on renewable energy and sustainable solutions.

Is WWOW a good long-term investment?

Determining whether WWOW is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and belief in the circular economy theme.

The fund's focus on technology and consumer cyclical sectors may lead to higher volatility compared to more diversified ETFs. WWOW's expense ratio of 0.50% should also be factored into long-term return expectations.

How does WWOW compare to similar ETFs?

WWOW distinguishes itself through its specific focus on the circular economy, a niche within the broader sustainability investment landscape.

While other ETFs may target clean energy or ESG (Environmental, Social, and Governance) factors, WWOW hones in on companies actively involved in reducing waste and promoting reuse.

Does WWOW pay dividends?

Yes, the Direxion World Without Waste ETF (WWOW) distributes dividends. As of 2026-03-15, WWOW has a dividend yield of 11.14%. The dividend yield represents the annual dividend payment as a percentage of the fund's current share price.

It's important to note that dividend yields can fluctuate and are not guaranteed.