WisdomTree EURO STOXX Banks 3x Daily Short (3BAS.MI) Price
WisdomTree EURO STOXX Banks 3x Daily Short Price
Underlying
WisdomTree EURO STOXX Banks 3x Daily Short provides 3X inversedaily exposure to EURO.
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.
WisdomTree EURO STOXX Banks 3x Daily Short List of Holdings
Frequently asked questions about WisdomTree EURO STOXX Banks 3x Daily Short
WisdomTree EURO STOXX Banks 3x Daily Short is offered by WisdomTree, a leading player in the field of passive investments.
The ISIN of WisdomTree EURO STOXX Banks 3x Daily Short is XS2637076568.
WisdomTree EURO STOXX Banks 3x Daily Short aims to deliver 3 times the daily return of EURO (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 WisdomTree EURO STOXX Banks 3x Daily Short 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 WisdomTree EURO STOXX Banks 3x Daily Short 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.
WisdomTree EURO STOXX Banks 3x Daily Short provides 3X daily short/inverse exposure to EURO. When EURO moves +1% in a day, WisdomTree EURO STOXX Banks 3x Daily Short targets approximately 3% (before fees).
The total expense ratio of WisdomTree EURO STOXX Banks 3x Daily Short is 0.89%, which means that investors pay 89.00 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, WisdomTree EURO STOXX Banks 3x Daily Short does not comply with the EU UCITS investor protection directives.
WisdomTree EURO STOXX Banks 3x Daily Short tracks the performance of the EURO STOXX Banks Daily Short 3 Index - EUR.
The current average trading volume of WisdomTree EURO STOXX Banks 3x Daily Short is 186,927.00.
WisdomTree EURO STOXX Banks 3x Daily Short is domiciled in IE.
The fund was launched on 8/8/2023.
The WisdomTree EURO STOXX Banks 3x Daily Short mainly invests in Financial titles companies.
The NAV of WisdomTree EURO STOXX Banks 3x Daily Short amounts to 660,000.00 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
WisdomTree EURO STOXX Banks 3x Daily Short