What is the ISIN of Direxion Daily FTSE China Bear 3X ETF?

The ISIN of Direxion Daily FTSE China Bear 3X ETF is US25461A4601.

What does leveraged daily exposure mean for Direxion Daily FTSE China Bear 3X ETF?

Direxion Daily FTSE China Bear 3X ETF aims to deliver 3 times the daily return of FTSE (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect Direxion Daily FTSE China Bear 3X ETF?

Volatility decay (also called compounding drag) occurs because Direxion Daily FTSE China Bear 3X ETF 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.

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Direxion Daily FTSE China Bear 3X ETF (YANG) Price

Direxion Daily FTSE China Bear 3X ETF Price

— EUR

PRO

TER1.03 %

AUM117.60 M USD

IndexFTSE China 50 Net Tax USD Index

CurrencyUSD

Funds Launch12/3/2009

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Underlying

FTSE

FTSE3X Short Daily

FTSE

Direxion Daily FTSE China Bear 3X ETF provides 3X inversedaily exposure to FTSE.

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.