MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) Price
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN Price
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Performance
Underlying
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN provides 3X inversedaily exposure to Diamondback Energy.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
ETF Holdings by Sector
| Sector | Distribution |
|---|---|
Information technology | 68.83 % |
Communication services | 17.18 % |
Cyclical consumer goods | 13.99 % |
ETF Holdings by Country
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN List of Holdings
Frequently asked questions about MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN is offered by REX Microsectors, a leading player in the field of passive investments.
The ISIN of MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN is US0636793517.
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN aims to deliver 3 times the daily return of Diamondback Energy (inverse). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X 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 MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN 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.
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN provides 3X daily inverse exposure to Diamondback Energy. When Diamondback Energy moves +1% in a day, MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN targets approximately 3% (before fees).
The total expense ratio of MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN is 0.95%, which means that investors pay 95.00 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN does not comply with the EU UCITS investor protection directives.
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN tracks the performance of the Solactive FANG Innovation Index.
The ETF invests in various sectors, with focuses on Information technology, Communication services, Cyclical consumer goods.
United States of America has the largest stake in MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN.
The current average trading volume of MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN is 62,437.00.
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN is domiciled in US.
The fund was launched on 8/20/2021.
The MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN mainly invests in Topic companies.
The NAV of MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN amounts to 24.92 USD.
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
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN