“Thirty-day historical volatility in the Market Vectors Russia ETF jumped to 31 percent last week (the week ended June 12) after bottoming out at 21 percent on May 29. The price increased 0.8 percent to $18.16 in the five days through Friday, ending a three-week streak of declines in New York,” according to Bloomberg.
As would be expected from triple-leveraged ETFs, RUSL and RUSS underscore the volatile nature of Russian stocks. Over the past 30 days, RUSL and RUSS have been Direxion’s most volatile triple-leveraged bullish and bearish funds, according to issuer data.
That volatility can lead to some wide deviations in performance relative to triple the funds’ underlying index. For example, RUSS’s 30-day variance versus triple the returns of the Market Vectors Russia Index is -8.38%, according to Direxion data. [Russia ETFs Lure Leveraged Bets]
Direxion Daily Russia Bull 3x Shares
