Kokia yra MAX Auto Industry 3X Leveraged ETN ISIN?

MAX Auto Industry 3X Leveraged ETN ISIN yra US0636794762.

What does leveraged daily exposure mean for MAX Auto Industry 3X Leveraged ETN?

MAX Auto Industry 3X Leveraged ETN aims to deliver 3 times the daily return of MAX (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 MAX Auto Industry 3X Leveraged ETN?

Volatility decay (also called compounding drag) occurs because MAX Auto Industry 3X Leveraged ETN 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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MAX Auto Industry 3X Leveraged ETN (CARU) Kursas

MAX Auto Industry 3X Leveraged ETN Kursas

— EUR

PRO

TER0,95 %

AUM3,39 mln. USD

IndexPrime Auto Industry Index - Benchmark TR Net

ValiutaUSD

Fondo pradžia2023-06-27

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Pagrindinis

MAX

MAX3X Long Daily

MAX

MAX Auto Industry 3X Leveraged ETN suteikia 3X kasdienį MAX poveikį.

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.