SPXU

Risks associated with SPXU include leverage risk, market risk, and tracking error. The use of leverage can amplify both gains and losses, leading to increased volatility. Daily rebalancing and compounding effects can result in performance deviations from the intended -3x return over longer periods.

Key performance metrics for SPXU include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the annual cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely SPXU tracks its -3x performance objective.

The historical performance of SPXU reflects its objective to provide three times the inverse of the daily return of the S&P 500 Index. While it can achieve this over short periods, the long-term performance may vary due to the effects of leverage, daily rebalancing, and compounding.

SPXU distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying securities in the fund's portfolio, adjusted for the ETF’s leveraged and inverse position.

SPXU rebalances its portfolio daily to maintain its -3x leverage ratio relative to the S&P 500 Index. This daily rebalancing is necessary to meet the fund’s objective of providing three times the inverse daily return.

Yes, SPXU can be held in retirement accounts such as IRAs or 401(k)s. Investors should consider their investment goals and risk tolerance due to the leveraged and inverse nature of the fund.

Investors can purchase shares of SPXU through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "SPXU."

As of the latest update, SPXU has an expense ratio of approximately 0.96%. This fee covers the costs associated with managing the fund, including the costs of leveraging and maintaining the inverse exposure.

SPXU specifically targets three times the inverse daily return of the S&P 500 Index. Other inverse ETFs may focus on different indices or offer varying levels of inverse exposure, such as 1x or 2x, and may use different strategies or underlying assets.

SPXU seeks to provide three times the inverse of the daily return of the S&P 500 Index. If the S&P 500 Index falls by 1% in a day, SPXU aims to increase by 3%. Conversely, if the S&P 500 Index rises, SPXU aims to decrease by three times that amount. Due to daily rebalancing and compounding effects, the long-term performance may deviate from -3x the cumulative return of the S&P 500 Index.