BOED

📎 Investment Objective

The Direxion Daily BA Bear 1X Shares ETF (BOED) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Aerospace & Defense Index.

✨ Key Features

• Provides inverse (-1x) exposure to the Dow Jones U.S. Aerospace & Defense Index on a daily basis
• Designed for short-term, tactical trading rather than long-term buy-and-hold investing
• Employs derivatives-based strategy to achieve its inverse performance objective
• Has very low assets under management and expense ratio of 0.00%

⚠️ Primary Risks

• Significant daily rebalancing risk, as the fund's performance can deviate substantially from the inverse of the index over longer holding periods
• Derivative instrument risk, including potential counterparty risk and liquidity constraints
• Tracking error risk, as the fund may not perfectly match the inverse daily performance of the target index
• Volatility risk, as the fund's value can fluctuate rapidly due to its leveraged/inverse nature

👤 Best For

This ETF is best suited for experienced, sophisticated investors seeking short-term, tactical exposure to the inverse performance of the U.S. aerospace and defense sector. It is not recommended for long-term buy-and-hold investors due to the risks associated with its daily rebalancing and use of derivatives.