What does leveraged daily exposure mean for SG ETN Daily Short -3x Hang Seng China Enterprises?

SG ETN Daily Short -3x Hang Seng China Enterprises aims to deliver 3 times the daily return of HSI (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 SG ETN Daily Short -3x Hang Seng China Enterprises?

Volatility decay (also called compounding drag) occurs because SG ETN Daily Short -3x Hang Seng China Enterprises 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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SG ETN Daily Short -3x Hang Seng China Enterprises (HSC3S.MI) Price

Q: What is the ISIN of SG ETN Daily Short -3x Hang Seng China Enterprises?

The ISIN of SG ETN Daily Short -3x Hang Seng China Enterprises is XS2425313538.

SG ETN Daily Short -3x Hang Seng China Enterprises Price

— EUR

PRO

TER0.03 %

AUM2.50 M EUR

IndexHang Seng China Enterprises

CurrencyEUR

Funds Launch4/2/2025

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Underlying

HSI

HSI3X Short Daily

HSI

SG ETN Daily Short -3x Hang Seng China Enterprises provides 3X inversedaily exposure to HSI.

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.