Yuanta Daily S&P 500 Bull 2X ETF (00647L.TW) Price
Yuanta Daily S&P 500 Bull 2X ETF Price
Underlying
Yuanta Daily S&P 500 Bull 2X ETF provides 2X daily 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.
Yuanta Daily S&P 500 Bull 2X ETF List of Holdings
Frequently asked questions about Yuanta Daily S&P 500 Bull 2X ETF
Yuanta Daily S&P 500 Bull 2X ETF is offered by Yuanta, a leading player in the field of passive investments.
The ISIN of Yuanta Daily S&P 500 Bull 2X ETF is TW00000647L6.
Yuanta Daily S&P 500 Bull 2X ETF aims to deliver 2 times the daily return of SPY (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because Yuanta Daily S&P 500 Bull 2X ETF 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.
Leveraged ETFs like Yuanta Daily S&P 500 Bull 2X ETF 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.
Yuanta Daily S&P 500 Bull 2X ETF provides 2X daily long exposure to SPY. When SPY moves +1% in a day, Yuanta Daily S&P 500 Bull 2X ETF targets approximately 2% (before fees).
The total expense ratio of Yuanta Daily S&P 500 Bull 2X ETF is 0.99%, which means that investors pay 99.00 TWD per 10,000 TWD in investment capital annually.
The ETF is listed in TWD.
European investors may incur additional costs for currency exchange and transaction fees.
No, Yuanta Daily S&P 500 Bull 2X ETF does not comply with the EU UCITS investor protection directives.
Yuanta Daily S&P 500 Bull 2X ETF tracks the performance of the S&P 500 PR 2x Leverage Carry-Free Daily Index - TWD - Benchmark TR Net.
Yuanta Daily S&P 500 Bull 2X ETF is domiciled in TW.
The fund was launched on 12/2/2015.
The Yuanta Daily S&P 500 Bull 2X ETF mainly invests in Large Cap companies.
The NAV of Yuanta Daily S&P 500 Bull 2X ETF amounts to 105.56 M TWD.
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.