DYHG — Direxion Dynamic Hedge ETF

DYHG Fund Overview

DYHG — Direxion Dynamic Hedge ETF is a US ETF managed by Direxion Shares ETF Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Direxion Shares ETF Trust
• Category: United States Blend / Core Equity
• Assets under management: $4.47M
• 1-year return: 22.2%
• Ticker: DYHG
• SEC CIK: 0001424958
• SEC series ID: S000068624
• Share class ID: C000219530

DYHG Investment Objective and Strategy

Direxion Dynamic Hedge ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Direxion Shares ETF Trust.

Investment objective

The Direxion Dynamic Hedge ETF (the Fund) seeks investment results, before fees and expenses, that track the Salt truVol TM US Large Cap Dynamic Hedge Index (the Index).

Principal investment strategy

The Fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the Index, which may include shares of exchange-traded funds. The Index is designed to adjust net exposure to the S&P 500 Index in an attempt to capitalize on the inverse relationship between volatility and the returns of the S&P 500 Index. The Index utilizes a proprietary volatility model developed by Salt Financial Indices, LLC (the Index Provider), to estimate future market volatility to determine the size of the Indexs hedge (short position). When market volatility is predicted to be high, the Index will generally decrease its net exposure to the S&P 500 Index by increasing its short position in S&P 500 futures contracts. When market volatility is predicted to be low, the Index will generally increase its net exposure to the S&P 500 Index by reducing its short position in S&P 500 futures contracts.

The Indexs hedge or short position may range from 0% to 100% of the long position in the S&P 500 Index. The Index will review its hedge (short position) utilizing its proprietary model, on a daily basis and may change its hedge position as often as daily based on the volatility of the S&P 500 Index. If the proprietary model does not indicate a change to the hedge position based on the predicted volatility of the S&P 500 Index, the Index will not adjust its hedge position. The securities included in the S&P 500 Index will rebalance quarterly. As of December 31, 2020, the Index had a median total market capitalization of $25.8 billion, total market capitalizations ranging from $4.2 billion to $2.3 trillion and were concentrated in the information technology and healthcare sectors and had net long exposure to the S&P 500 Index.

The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries ( i.e. , hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated. The Fund uses a passive or indexing approach to attempt to achieve its investment objective. The Fund does not try to outperform the Index and does not generally take temporary defensive positions. Although the Fund intends to fully replicate the Index, at times the Fund may hold a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index. This means the Fund may not hold all of the securities included in the Index, its weighting of investment exposure to such stocks or industries may be different from that of the Index and it may hold securities that are not included in the Index.

The Fund will rebalance its portfolio when the Index rebalances. Additionally, if the Fund receives a creation unit in cash, the Fund repositions its portfolio in response to assets flowing into or out of the Fund. The Fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities. Additionally, the Funds investment objective is not a fundamental policy and may be changed by the Funds Board of Trustees without shareholder approval.

DYHG Performance

Total returns for DYHG (as of 2026-10-01), from SEC filings.

DYHG Risk Information

Risk metrics for DYHG, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.4%

DYHG Costs and Fees

DYHG costs about $58 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.58%
• Gross expense ratio: 0.58%
• Portfolio turnover: 12%
• Brokerage commissions: 2.17 bps of average net assets (SEC N-CEN)

DYHG Cashflows

Over the 12 months to 2021-10, Direxion Dynamic Hedge ETF had net inflows of $8.56M, from monthly SEC N-PORT filings.

DYHG Debt Constituents

No individual debt constituents are reported in Direxion Dynamic Hedge ETF's latest SEC N-PORT filing.

DYHG Prospectus and SEC Filings

Official Direxion Dynamic Hedge ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-02-26
• Prospectus (485BPOS) — filed 2020-06-10
• Portfolio holdings (N-PORT) — filed 2021-12-28
• Portfolio holdings (N-PORT) — filed 2021-09-27
• Portfolio holdings (N-PORT) — filed 2021-06-28
• Annual census (N-CEN) — filed 2022-01-12
• Annual census (N-CEN) — filed 2021-01-13

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.