Jaký je ISIN MAX Airlines -3X Inverse Leveraged ETNs?

ISIN MAX Airlines -3X Inverse Leveraged ETNs je US0636794846.

What does leveraged daily exposure mean for MAX Airlines -3X Inverse Leveraged ETNs?

MAX Airlines -3X Inverse Leveraged ETNs aims to deliver 3 times the daily return of MAX (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect MAX Airlines -3X Inverse Leveraged ETNs?

Volatility decay (also called compounding drag) occurs because MAX Airlines -3X Inverse Leveraged ETNs rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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MAX Airlines -3X Inverse Leveraged ETNs (JETD) Kurz

MAX Airlines -3X Inverse Leveraged ETNs Kurz

— EUR

PRO

TER0,95 %

AUM4,67 Mil. USD

IndexPrime Airlines Index - Benchmark TR Net

MěnaUSD

Zahájení fondu21. 6. 2023

Cena MAX Airlines -3X Inverse Leveraged ETNs

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Základní

MAX

MAX3X Short Daily

MAX

MAX Airlines -3X Inverse Leveraged ETNs poskytuje 3X inverznídenní expozici MAX.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.