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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%

Top Holdings

Sector Allocation

  • Technology: 36.1%
  • Consumer Cyclical: 21.9%
  • Industrials: 19.5%
  • Utilities: 10.5%
  • Communication Services: 6.4%
  • Basic Materials: 3.8%
  • Healthcare: 1.8%
  • United Kingdom: 2.0%
  • Australia: 2.2%
  • United States: 85.7%
  • Canada: 5.7%
  • Uruguay: 2.3%
  • Germany: 2.1%

Dividend Yield

11.14%
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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. WWOW invests at least 80% of its net assets in securities that comprise the index or have similar economic characteristics. The fund's holdings are selected based on their contribution to a more sustainable and circular economic model.

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. Other notable holdings include Sunrun Inc (2.61%) and Enphase Energy Inc (2.53%). The performance of these key holdings can significantly impact the overall performance of the ETF.

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. The fund's dividend yield is 11.14%. Past performance does not guarantee future results, and investors should conduct thorough research before making any investment decisions.

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. With an expense ratio of 0.50% and a small AUM, WWOW may be more expensive and less liquid compared to larger, more established ESG ETFs. Investors should compare WWOW's holdings and sector allocations to those of other sustainability-focused ETFs to determine which fund best aligns with their investment objectives.

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. Investors seeking income may find WWOW's dividend yield attractive, but should also consider the fund's overall investment strategy and risk profile.