What is the ISIN of SIMPLEX VIX Short-Term Futures ETF Units?

The ISIN of SIMPLEX VIX Short-Term Futures ETF Units is JP3050660004.

What does leveraged daily exposure mean for SIMPLEX VIX Short-Term Futures ETF Units?

SIMPLEX VIX Short-Term Futures ETF Units aims to deliver 1 times the daily return of VIX (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

What is volatility decay and how does it affect SIMPLEX VIX Short-Term Futures ETF Units?

Volatility decay (also called compounding drag) occurs because SIMPLEX VIX Short-Term Futures ETF Units rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.