Direxion Russell 1000 Growth Over Value ETF
RWGV
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- Direxion Russell 1000 Growth Over Value ETF (RWGV) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to 150% of the performance of the Russell 1000 Growth Index and -50% of the performance of the Russell 1000 Value Index, as measured by the Russell 1000 Growth/Value 150/50 Net Spread Index; the fund provides a long-short relative value strategy focused on large-cap U.S. growth stocks overweighted against value stocks, with top long holdings including Apple Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc., and Alphabet Inc. Class A, and top short holdings such as UnitedHealth Group Inc., Procter & Gamble Co., JPMorgan Chase & Co., Johnson & Johnson, and Berkshire Hathaway Inc. The ETF operates within the large-cap growth equity segment using a market-cap weighted approach, targeting investors seeking to express tactical growth-over-value views through derivatives and swaps; it features a net expense ratio of 0.62%, CUSIP 25460E448, and trades on NYSE Arca with an intraday indicative value ticker of RWGV.IV. Launched on January 16, 2019, RWGV is issued by Direxion Shares ETF Trust, a product of Rafferty Asset Management, LLC, under the Direxion brand, which is headquartered at 535 Madison Avenue, 37th Floor, New York, New York 10022. The fund's primary services include providing leveraged relative exposure to U.S. large-cap growth equities versus value equities via swaps and other derivatives; it rebalances monthly to maintain the 150% long growth and 50% short value positioning, with sector weightings heavily tilted toward information technology (64.62%), consumer discretionary (25.24%), and communication services (12.12%) in the long component. Geographically, RWGV focuses on U.S.-domiciled companies, comprising over 93% North American exposure in its underlying indices. In recent developments, Direxion, the ETF's sponsor founded in 1997, launched four new single-stock daily leveraged and inverse ETFs tracking Cisco Systems Inc. and Qualcomm Inc. in June 2025, along with additional pairs for Berkshire Hathaway Inc. and Palantir Technologies Inc. in December 2024, and a suite of Titans Leveraged & Inverse ETFs targeting top U.S. sector leaders in October 2025; these expansions reflect Direxion's ongoing innovation in tactical ETF offerings amid growing assets under management reaching approximately $40.7 billion as of March 31, 2025. No major acquisitions, funding rounds, or reorganizations specific to RWGV have been reported in the last 1-2 years, though the broader Direxion platform continues to emphasize high-conviction trading tools without noted partnerships or name changes for this fund.