Market Vectors Double Short Euro ETN (DRR) Analysis

이 페이지는 영어 원문에서 AI로 기계 번역되었습니다. 영어 버전이 기준입니다. 영어 버전 읽기

정보 제공만을 목적으로 합니다. 재정적 조언이 아닙니다.

빠른 답변

Market Vectors Double Short Euro ETN (DRR) has a 0.65% expense ratio and $9M in assets under management.

Market Vectors Double Short Euro ETN (DRR) ETF — Price, Holdings & Analysis

ETF 개요

DRR, the Market Vectors Double Short Euro ETN, is designed for investors seeking a leveraged inverse relationship to the Euro currency. The ETN aims to replicate the Double Short Euro Index, which means it is designed to deliver two times the inverse of the daily performance of the Euro relative to the U.S. dollar. This makes DRR suitable for sophisticated investors who have a short-term bearish outlook on the Euro and understand the risks associated with leveraged products. It is important to note that as an ETN, DRR's returns are linked to the creditworthiness of the issuer, adding another layer of risk compared to traditional ETFs. DRR does not hold traditional equity or fixed income assets; its performance is solely derived from the leveraged movements of the Euro against the U.S. dollar. Past performance does not guarantee future results.

위험 지표

DRR carries a high level of risk due to its leveraged nature and focus on a single currency. The 2x leverage means that losses can be magnified, and the fund can be highly volatile. With a beta of 7.00 (3Y), DRR is significantly more volatile than the overall market. The 0.65% expense ratio can also create a drag on performance, especially in periods where the Euro's movements are not strongly directional. As an ETN, DRR also carries issuer risk, meaning that the fund's value could be affected by the creditworthiness of the issuing institution. Investors should carefully consider their risk tolerance and understand the potential for significant losses before investing in DRR. Past performance does not guarantee future results.

베타: 7.00

운용보수율

0.65%

배당수익률

0.00%

iShares Morningstar Small-Cap Growth ETF (JKK) — 0.06% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio

질문 및 답변

What is DRR and what does it track?

The Market Vectors Double Short Euro ETN (DRR) is an exchange-traded note that seeks to replicate, before fees and expenses, the performance of the Double Short Euro Index.

This index is designed to provide two times the inverse (opposite) of the daily performance of the Euro relative to the U.S. dollar.

What is the expense ratio for DRR?

The expense ratio for DRR is 0.65%. This means that for every $10,000 invested in the ETN, $65 is deducted annually to cover operating expenses.

While there isn't a direct category average for double-short currency ETNs, the expense ratio is higher than many broad-based equity ETFs, where expense ratios can be as low as 0.03%.

What are the top holdings in DRR?

As an ETN, DRR does not hold traditional assets like stocks or bonds. Instead, its performance is linked to the Double Short Euro Index through a debt obligation of the issuing institution.

Therefore, there are no specific 'holdings' in the conventional sense. The ETN's value is derived from the leveraged inverse performance of the Euro relative to the U.S. dollar.

Is DRR a good long-term investment?

DRR is generally not considered a suitable long-term investment due to its leveraged nature and focus on short-term currency movements.

The ETN is designed to deliver two times the inverse of the daily performance of the Euro relative to the U.S. dollar, which means its performance can be highly volatile and unpredictable over longer periods.

How does DRR compare to similar ETFs?

DRR is somewhat unique as a double-short Euro ETN. Most currency ETFs offer either direct long exposure or single-inverse exposure. Its expense ratio of 0.65% is on the higher side compared to non-leveraged currency ETFs.

Given its small AUM of $0.01B, DRR may also have wider bid-ask spreads, potentially increasing transaction costs.

Does DRR pay dividends?

DRR does not pay dividends. As an ETN that tracks a currency index, its returns are based on the movements of the Euro relative to the U.S. dollar, not on dividend payments from underlying assets.

The ETN's objective is to provide leveraged inverse exposure to the Euro, and any gains are realized through changes in the ETN's price, not through dividend distributions. The dividend yield is reported as 0.00%.

면책 조항: 이 콘텐츠는 정보 제공만을 목적으로 하며 투자 조언을 구성하지 않습니다. 항상 자체 조사를 수행하고 재정 고문과 상담하십시오.

데이터는 정보 제공만을 목적으로 제공됩니다.

이 페이지는 기계가 작성했으며, 페이지별 사람 검수는 거치지 않았습니다. 편집 관리는 체계 차원에서 이루어집니다: 규칙과 출처를 점검하며, 개별 페이지는 점검하지 않습니다.