What does leveraged daily exposure mean for SG ETC Natural Gas +3x Daily Leveraged Collateralized?

SG ETC Natural Gas +3x Daily Leveraged Collateralized aims to deliver 3 times the daily return of SG (long). 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 ETC Natural Gas +3x Daily Leveraged Collateralized?

Volatility decay (also called compounding drag) occurs because SG ETC Natural Gas +3x Daily Leveraged Collateralized 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 ETC Natural Gas +3x Daily Leveraged Collateralized (GAS3L.MI) Price

Q: What is the ISIN of SG ETC Natural Gas +3x Daily Leveraged Collateralized?

The ISIN of SG ETC Natural Gas +3x Daily Leveraged Collateralized is XS2425313884.

SG ETC Natural Gas +3x Daily Leveraged Collateralized Price

— EUR

PRO

TER1.96 %

AUM6.47 M USD

IndexSolactive Natural Gas Futures x3 Leveraged Index

CurrencyUSD

Funds Launch9/2/2014

SG ETC Natural Gas +3x Daily Leveraged Collateralized Price

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Underlying

SG3X Long Daily

SG ETC Natural Gas +3x Daily Leveraged Collateralized provides 3X daily exposure to SG.

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.