The Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS) is the second-best bearish performer this month among Direxion’s deep stable of leveraged products. Its 30-day realized volatility is 113.28 while the Direxion Daily Russia Bull 3x Shares (NYSEArca: RUSL) has 30-day realized volatility of 108.24, according to Direxion data.
Both ETFs have seen positive creation activity over the past 30 days.
Russian equities are among the cheapest in the world and are heavily discounted not only to the broader emerging markets universe, but also by their own historical standards. Russia’s benchmark Micex trades at less than five times earnings, roughly half the P/E ratio seen on the MSCI Emerging Markets Index. [Big Risks, Potential With Small Russia ETF]
Market Vectors Russia ETF
ETF Trends editorial team contributed to this post.