DRIP ETF — Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)

DRIP is an ETF that tracks the S&P Oil & Gas Exp. & Prod.. its distribution rate is 4.39%, its trailing-12-month yield is 4.63%, its expense ratio is 1.01%. Total return is -99.8% over the past 11.3 years, 435.7 points behind SPY at 335.9%.

At the current 4.39% distribution rate, a $10,000 investment would generate approximately $439 per year, or about $109.75 per quarter if the next payment matches the last regular one.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares is an ETF that provides 2x daily inverse exposure to the S&P Oil & Gas Exploration & Production Index, allowing investors to profit from or hedge against declines in domestic integrated oil and gas, exploration and production, and refining and marketing companies. The fund carries a modest current distribution rate and makes quarterly distributions, with an expense ratio of 1.01%. This leveraged, short-exposure fund appeals primarily to traders and experienced investors seeking tactical hedges against oil and gas sector strength or directional bets on sector weakness, rather than long-term buy-and-hold income investors.

DRIP performance versus SPY

Price and return data through 2026-09-18.

Total return is -99.8% over the past 11.3 years, 435.7 points behind SPY at 335.9%. Over the past year its total return — price change plus distributions reinvested — is -60.2%. Its deepest 1-year drawdown was 67.7%.

DRIP key facts

Issuer

Direxion

Asset type

ETF

Asset class

Commodity

Inception date

05/28/2015

Expense ratio

1.01%

Distribution rate

4.39%

Distribution frequency

Quarterly

Trailing yield

4.63%

Last close

$33.71 (as of 2026-09-18)

NAV

$33.41

Premium / discount

0.90% premium

AUM

$122,650,552

Average volume

648115.0

Last dividend

$0.37

Last ex-dividend date

06/23/2026 (as of 2026-06-23)

Last payment date

06/30/2026 (as of 2026-06-30)

Beta

-0.02

How Dividend Vision calculates yield and returns

Distribution rate (4.39%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.63%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: S&P Oil & Gas Exp. & Prod.; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DRIP risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 67.7%.

Who may consider DRIP — and who may not

DRIP may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (DRIP pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Direxion.