What does leveraged daily exposure mean for MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN?

MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN aims to deliver 2 times the daily return of ETN (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 MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN?

Volatility decay (also called compounding drag) occurs because MiraeAsset Sec MiraeAsset Inverse 2x Crude 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.

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MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN (520050.KQ) Price

Q: What is the ISIN of MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN?

The ISIN of MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN is KRG520000503.

MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN Price

— EUR

PRO

TER0.00 %

IndexS&P GSCI All Crude 2X Inverse - USD - Benchmark TR Gross

Funds Launch4/20/2022

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Underlying

ETN

ETN2X Short Daily

ETN

MiraeAsset Sec MiraeAsset Inverse 2x Crude Futures ETN provides 2X inversedaily exposure to ETN.

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.