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1x and 2x Leveraged Commodity

1X and 2X leveraged commodity mutual fund funds and ETFs are designed... 1X and 2X leveraged commodity mutual fund funds and ETFs are designed to offer magnified exposure to movements in commodity futures prices. These funds aim to achieve a fixed multiple of daily returns compared to their reference commodity future. The leverage factor can range from 1.25% to 2X. For example, if copper futures rise 1% on a given day, a 1.50% bull ETF linked to copper futures should rise 1.50%. On the other hand, if copper futures fall 1%, this same fund should decline by 1.50%. To achieve their objectives, 1X and 2X leveraged commodity mutual funds and ETFs enter into derivative contracts with banks and other financial institutions. It's important to note that these funds are only meant for very-short term trading. Because they are rebalanced daily depending on market fluctuations, 1X and 2X leveraged funds may not produce the same result if held for weeks, months or longer. In fact, it’s quite possible that a leveraged fund may fall in value over a longer period, even if the underlying market rises. This is especially true of 2X funds. As a result, these are attractive for short-term traders with a large appetite for risk. Last Updated: 12/10/2024 View more View less

1X and 2X leveraged commodity mutual fund funds and ETFs are designed to offer magnified exposure to movements in commodity futures prices. These funds aim to achieve a fixed multiple of daily returns... 1X and 2X leveraged commodity mutual fund funds and ETFs are designed to offer magnified exposure to movements in commodity futures prices. These funds aim to achieve a fixed multiple of daily returns compared to their reference commodity future. The leverage factor can range from 1.25% to 2X. For example, if copper futures rise 1% on a given day, a 1.50% bull ETF linked to copper futures should rise 1.50%. On the other hand, if copper futures fall 1%, this same fund should decline by 1.50%. To achieve their objectives, 1X and 2X leveraged commodity mutual funds and ETFs enter into derivative contracts with banks and other financial institutions. It's important to note that these funds are only meant for very-short term trading. Because they are rebalanced daily depending on market fluctuations, 1X and 2X leveraged funds may not produce the same result if held for weeks, months or longer. In fact, it’s quite possible that a leveraged fund may fall in value over a longer period, even if the underlying market rises. This is especially true of 2X funds. As a result, these are attractive for short-term traders with a large appetite for risk. Last Updated: 12/10/2024 View more View less

Overview

Returns

Income

Allocations

Fees

About

Security Type
Management Style
Share Class Type
Share Class Account
As of 12/6/24
ProShares Trust II

UGL | ETF |

$94.35

+0.03%

$292.56 M

0.00%

-

55.75%

18.24%

15.67%

8.96%

-

PROSHARES TRUST II

KOLD | ETF |

$67.61

-0.79%

$292.56 M

0.00%

-

39.63%

-18.04%

-27.97%

-9.92%

-

ProShares Trust II

UCO | ETF |

$24.75

-2.37%

$292.56 M

0.00%

-

-5.79%

6.47%

-26.90%

-30.17%

-

PROSHARES TRUST II

SCO | ETF |

$18.84

+2.50%

$292.56 M

0.00%

-

-10.58%

-35.09%

-40.97%

-29.02%

-

PROSHARES TRUST II

GLL | ETF |

$17.46

+0.14%

$292.56 M

0.00%

-

-37.28%

-19.38%

-21.17%

-15.79%

-

PROSHARES TRUST II

ZSL | ETF |

$37.17

+2.23%

$292.56 M

0.00%

-

-52.61%

-31.79%

-40.51%

-27.21%

-

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