Is there a Nasdaq inverse ETF?
The ProShares Short QQQ seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the NASDAQ-100 Index. The fund charges 95 bps in fees. The fund has an asset base of $593.3 million. This ETF provides two times inverse exposure to the Nasdaq-100 Index.
Is there a 2x QQQ ETF?
ProShares Ultra QQQ seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Index®.
How can I short the Nasdaq?
Another way of shorting the NASDAQ is to take a short position using derivatives. This allows you to take a position on the stock without actually owning it. You could do this by taking a short position on a selection of the stocks that are on the NASDAQ, like Apple, Amazon, Netflix and Tesla.
Is XBI market cap weighted?
XBI provides exposure to US biotech stocks, as defined by GICS, from a universe that invests across the market-cap spectrum. Thus, the weighted-average market-cap is much smaller than some competitors. Unlike other funds in this segment, XBI is a pure biotech play, with relatively small pharma overlap.
Is XBI equal weighted?
XBI is an equal-weighted ETF and it is currently lagging iShares Biotechnology ETF (NASDAQ:IBB), which is a market-cap-weighted ETF.
Can inverse ETF go negative?
Inverse ETFs never go to zero or negative since their values reset daily. For an inverse ETF to hit zero, the value of its assets have to go up 100% in a single day, which is unlikely.
What kind of rating does XBI ETF have?
Thus, the weighted-average market-cap is much smaller than some competitors. Unlike other funds in this segment, XBI is a pure biotech play, with relatively small pharma overlap. The index is rebalanced quarterly. SPDR S&P Biotech ETF has an MSCI ESG Fund Rating of BB based on a score of 3.50 out of 10.
How are inverse ETFs ranked on etfdb.com?
Inverse Equities and all other inverse asset classes are ranked based on their AUM -weighted average expense ratios for all the U.S.-listed ETFs that are classified by ETFdb.com as having inverse exposure to a given asset class. The lower the average expense ratio for all U.S.-listed ETFs in an inverse asset class, the higher the rank.
Are there any biotech ETFs that equal weight?
XBI Factset Analytics Insight. XBI provides exposure to one of the broadest portfolios among US biotech ETFs. The fund equal-weights its portfolio, which in turn emphasizes small- and micro-caps and greatly reduces single-name risk.
What does inverse equity mean in ETF category?
Definition: Inverse Equity ETFs invest in various stock assets. Funds in this category often track indices, but can also build portfolios of specific equities without tracking an index. See more