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

Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN 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 Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN?

Volatility decay (also called compounding drag) occurs because Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN 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.

Know before the market does.One step ahead of Buffett.Try the Terminal for free

Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN (500051.KQ) Price

Q: What is the ISIN of Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN?

The ISIN of Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN is KRG502100511.

Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN Price

— EUR

TER0 %

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

Funds Launch7/25/2019

Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN Price

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

SPY

SPY2X Short Daily

SPY

Shinhan Securities Shinhan Inverse 2X S&P500 Futures ETN provides 2X inversedaily exposure to SPY.

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.