iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index (1466.T) Price
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index Price
Underlying
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index provides 2X inversedaily exposure to JPX.
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.
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index List of Holdings
Frequently asked questions about iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index is offered by Daiwa, a leading player in the field of passive investments.
The ISIN of iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index is JP3048020006.
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index aims to deliver 2 times the daily return of JPX (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index 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.
Leveraged ETFs like iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index provides 2X daily short/inverse exposure to JPX. When JPX moves +1% in a day, iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index targets approximately 2% (before fees).
The total expense ratio of iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index is 0.75%, which means that investors pay 75.00 JPY per 10,000 JPY in investment capital annually.
The ETF is listed in JPY.
European investors may incur additional costs for currency exchange and transaction fees.
No, iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index does not comply with the EU UCITS investor protection directives.
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index tracks the performance of the JPX-Nikkei 400 Double Inverse Index - JPY.
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index is domiciled in JP.
The fund was launched on 8/21/2015.
The iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index mainly invests in Total Market companies.
The NAV of iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index amounts to 257.00 M JPY.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
iFreeETF JPX-Nikkei400 Double Inverse (-2x) Index