Key Takeaways
- • Direxion launched the Direxion U.S. 500 Plus ETF (SPXP) on Nasdaq, combining 100% S&P 500 exposure with a systematic managed futures trend-following overlay in a single fund.
- • SPXP tracks the Auspice U.S. Equity Plus Trend Index and carries a 0.92% expense ratio, with holdings rebalanced monthly.
- • The launch extends Direxion's non-leveraged lineup, which already includes nine funds such as QQQE, COM, GOIB, MEIB, and MUIB.
- • Direxion's chief product officer Mo Sparks described the launch as an "important evolution" for the firm, which is best known for leveraged and inverse products.
Summary
Direxion announced the launch of the Direxion U.S. 500 Plus ETF (SPXP) on the Nasdaq on Wednesday, according to the firm's release. The fund tracks the Auspice U.S. Equity Plus Trend Index, which layers a managed futures strategy over full S&P 500 exposure using the same pool of capital. The structure is designed to let investors hold core equity and a diversifying trend-following overlay in one vehicle rather than allocating to them separately. SPXP carries a 0.92% expense ratio and rebalances holdings monthly.
Mo Sparks, chief product officer at Direxion, said the launch reflects an "important evolution" at the firm. He said the fund "takes a strategy that has traditionally been more complex for individual investors to implement and delivers it in a single, accessible ETF." Tim Pickering, founder, president and chief investment officer of Auspice, said Direxion's expertise in structuring complex exposures through ETFs made it a natural fit for the index.
Direxion is primarily known for leveraged and inverse products, but it also offers nine non-leveraged funds, including SPXP. Other products in that group include the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE), which holds non-financial index constituents in equal 1% allocations and carries a 0.35% expense ratio. QQQE has returned 20.76% year-to-date, outperforming its peers by 7.6%, according to the article. The Direxion Auspice Broad Commodity Strategy ETF (COM), which uses a dynamic multi-commodity trend strategy across energy, metals, and agriculture, has returned 21.98% year-to-date and charges a 0.72% expense ratio. The firm also offers the Direxion GOOGL, META, and MU Defined Income Boost ETFs (GOIB, MEIB, MUIB).
Mo Sparks, chief product officer at Direxion, said the launch reflects an "important evolution" at the firm. He said the fund "takes a strategy that has traditionally been more complex for individual investors to implement and delivers it in a single, accessible ETF." Tim Pickering, founder, president and chief investment officer of Auspice, said Direxion's expertise in structuring complex exposures through ETFs made it a natural fit for the index.
Direxion is primarily known for leveraged and inverse products, but it also offers nine non-leveraged funds, including SPXP. Other products in that group include the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE), which holds non-financial index constituents in equal 1% allocations and carries a 0.35% expense ratio. QQQE has returned 20.76% year-to-date, outperforming its peers by 7.6%, according to the article. The Direxion Auspice Broad Commodity Strategy ETF (COM), which uses a dynamic multi-commodity trend strategy across energy, metals, and agriculture, has returned 21.98% year-to-date and charges a 0.72% expense ratio. The firm also offers the Direxion GOOGL, META, and MU Defined Income Boost ETFs (GOIB, MEIB, MUIB).
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