What is the ISIN of iFreeETF US Dollar Bear ETF Units?

The ISIN of iFreeETF US Dollar Bear ETF Units is JP3051270001.

What does leveraged daily exposure mean for iFreeETF US Dollar Bear ETF Units?

iFreeETF US Dollar Bear ETF Units aims to deliver 1 times the daily return of US (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 iFreeETF US Dollar Bear ETF Units?

Volatility decay (also called compounding drag) occurs because iFreeETF US Dollar Bear 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.