What does leveraged daily exposure mean for Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114?

Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114 aims to deliver 2 times the daily return of SPY (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114?

Volatility decay (also called compounding drag) occurs because Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114 rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114 (530114.KQ) Kursus

Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114 Kursus

—EUR

PRO

TER0,00 %

IndexS&P 500 Futures 2x Inverse Daily Index - KRW - South Korean Won - Benchmark TR Gross

Fondi käivitus28.6.2023

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SPY

SPY2X Short Daily

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Samsung Securities Samsung Inverse 2X S&P500 Futures ETN 114 pakub 2X vastupidineigapäevast kokkupuudet SPY-ga.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.