What does leveraged daily exposure mean for Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units?

Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units aims to deliver 2 times the daily return of CDN (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units?

Volatility decay (also called compounding drag) occurs because Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X 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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Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units (GCTB.TO) 가격

Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units 가격

— EUR

PRO

TER0.00 %

AUM251.10 백만 CAD

통화CAD

펀드 시작2023. 6. 30.

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CDN

CDN2X Short Daily

CDN

Guardian Ultra-Short Canadian T-Bill Fund ETF CDN ETF Trust Units은 CDN에 대한 일일 노출을 2X 역 제공합니다.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.