Direxion Russell 1000 Value Over Growth ETF
RWVG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- DE United States of America
- IPO Date
- Jan 16, 2019
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Russell 1000 Value Over Growth ETF (RWVG) is an exchange-traded fund that seeks investment results, before fees and expenses, tracking the Russell 1000 Value/Growth 150/50 Net Spread Index, which provides 150% long exposure to the Russell 1000 Value Index and 50% short exposure to the Russell 1000 Growth Index with monthly rebalancing; the fund utilizes derivatives including swaps to achieve this relative value strategy aimed at investors expressing a value-over-growth view in U.S. large-cap equities. Launched on January 16, 2019, with a net expense ratio of 0.63%, RWVG targets institutional and retail investors focused on large-cap value sectors such as financials, health care, industrials, and energy; it operated primarily in the U.S. market as part of Direxion Shares ETF Trust, advised by Rafferty Asset Management, LLC, headquartered in New York. The fund was managed under Direxion, a provider of leveraged and thematic ETFs founded in 1997 with headquarters at 1301 Avenue of the Americas, New York. In a major strategic change, Direxion announced the closure and liquidation of RWVG on August 26, 2022, due to insufficient assets, with trading ceasing on September 23, 2022, and final distributions on September 30, 2022; this was part of closing seven underperforming ETFs including its counterpart RWGV. No subsequent reopenings, acquisitions, or partnerships related to RWVG have been reported as of late 2025, aligning with Direxion's ongoing launches of new single-stock leveraged ETFs such as those for Berkshire Hathaway and Palantir in December 2024, and Titans Leveraged & Inverse ETFs in October 2025.