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When Down Is Up |
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Here's a look at some exchange-traded funds listed on the Toronto Stock Exchange that are designed |
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to give you the opposite return to their underlying stock index or commodity on a daily basis. If |
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markets are down in a day, then these ETFs should be up by a similar amount (and vice versa). In |
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each case, recent returns are compared against actual index returns. All ETFs here are in the Horizons |
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BetaPro family, which additionally offers inverse ETFs for crude oil and natural gas. |
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ETF |
Ticker |
MER (%) |
One-Day |
One-Week |
One-Month |
YTD Return (%) |
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Return (%) |
Return (%) |
Return (%) |
(as of June 3) |
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S&P/TSX 60 Inverse ETF |
HIX |
1.28 |
-0.33 |
-0.57 |
2.4 |
-2.7 |
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S&P/TSX 60 index |
0.32 |
0.65 |
-2.9 |
0.3 |
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S&P 500 Inverse ETF |
HIU |
1.28 |
-1.71 |
-0.91 |
7.4 |
n/a |
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S&P 500 index |
0.41 |
-0.02 |
-8.3 |
-1.1 |
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S&P/TSX Capped Financials Inverse ETF |
HIF |
1.28 |
0.11 |
0 |
5 |
-4.3 |
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S&P/TSX capped financials index |
0.01 |
-0.13 |
-5 |
1.7 |
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S&P/TSX Capped Energy Inverse ETF |
HIE |
1.28 |
-1.94 |
-3.96 |
1.5 |
-1.1 |
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S&P/TSX Capped Energy Index |
1.76 |
3.18 |
-3.3 |
-2.4 |
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S&P/TSX Global Gold Inverse ETF |
HIG |
1.28 |
1.37 |
1.37 |
-3.8 |
-11.7 |
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S&P/TSX Global Gold Index |
-1.72 |
-1.65 |
2.3 |
7.8 |
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Source: Globeinvestor.com |