What does leveraged daily exposure mean for MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF?

MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF aims to deliver 3 times the daily return of SPY (long). 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 MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF?

Volatility decay (also called compounding drag) occurs because MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF 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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MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF (SPYU.TO) Price

Q: What is the ISIN of MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF?

The ISIN of MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF is CA54315B3002.

MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF Price

— EUR

PRO

TER0 %

AUM11.34 M CAD

IndexS&P 500

CurrencyCAD

Funds Launch5/22/2025

MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF Price

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Underlying

SPY

SPY3X Long Daily

SPY

MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF provides 3X daily exposure to SPY.

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.