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Direxion Russell 1000 Growth Over Value ETF RWGV

Is Direxion Russell 1000 Growth Over Value ETF Halal?

Shariah Compliance Analysis of RWGV ETF

No. As of October 2026, Direxion Russell 1000 Growth Over Value ETF (RWGV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

RWGV was created on 2019-01-16 by Direxion. The fund's investment portfolio concentrates primarily on large cap equity. RWGV tracks an index of US large-caps with leveraged (1.5x) exposure to growth stocks and short (-0.5x) exposure to value stocks.

RWGV Shariah Compliance

As of October 2026, Direxion Russell 1000 Growth Over Value ETF is classified as not halal.

NOT HALAL

Direxion Russell 1000 Growth Over Value ETF (RWGV) Chart

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