Kokia yra KSM ETF (6A) Short Leveraged TA-35 x2 Monthly Units ISIN?

KSM ETF (6A) Short Leveraged TA-35 x2 Monthly Units ISIN yra IL0011460594.

What does leveraged daily exposure mean for KSM ETF (6A) Short Leveraged TA-35 x2 Monthly Units?

KSM ETF (6A) Short Leveraged TA-35 x2 Monthly Units aims to deliver 1 times the daily return of KSM (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

What is volatility decay and how does it affect KSM ETF (6A) Short Leveraged TA-35 x2 Monthly Units?

Volatility decay (also called compounding drag) occurs because KSM ETF (6A) Short Leveraged TA-35 x2 Monthly Units rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.