SG ETC DAX -3x Daily Short Collateral (DAX3S.MI) Price
SG ETC DAX -3x Daily Short Collateral Price
Underlying
SG ETC DAX -3x Daily Short Collateral provides 3X inversedaily exposure to DAX.
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.
SG ETC DAX -3x Daily Short Collateral List of Holdings
Frequently asked questions about SG ETC DAX -3x Daily Short Collateral
SG ETC DAX -3x Daily Short Collateral is offered by Societe Generale, a leading player in the field of passive investments.
The ISIN of SG ETC DAX -3x Daily Short Collateral is XS2425312480.
SG ETC DAX -3x Daily Short Collateral aims to deliver 3 times the daily return of DAX (short/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 SG ETC DAX -3x Daily Short Collateral 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 SG ETC DAX -3x Daily Short Collateral 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.
SG ETC DAX -3x Daily Short Collateral provides 3X daily short/inverse exposure to DAX. When DAX moves +1% in a day, SG ETC DAX -3x Daily Short Collateral targets approximately 3% (before fees).
The total expense ratio of SG ETC DAX -3x Daily Short Collateral is 0.00%, which means that investors pay 0.20 EUR per 10,000 EUR in investment capital annually.
The ETF is listed in EUR.
European investors may incur additional costs for currency exchange and transaction fees.
No, SG ETC DAX -3x Daily Short Collateral does not comply with the EU UCITS investor protection directives.
SG ETC DAX -3x Daily Short Collateral tracks the performance of the ShortDAX x3 AR (EUR)(GR).
SG ETC DAX -3x Daily Short Collateral is domiciled in LU.
The fund was launched on 9/11/2014.
The SG ETC DAX -3x Daily Short Collateral mainly invests in Total Market companies.
The NAV of SG ETC DAX -3x Daily Short Collateral amounts to 29.70 M EUR.
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
SG ETC DAX -3x Daily Short Collateral