Where the weight sits — sector mix

Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.

Leverage / inverse caveat

This fund tracks 3x the inverse of its index — it rises when the index falls, and vice versa.

That 3x applies to a **single day**. Held longer, the daily reset makes the period return drift from 3x the index: if the index chops up and down and returns to where it started, this fund is still down. That is volatility decay.

It bites hardest in sideways markets and compounds with holding time. These are built for short directional trades.

How concentrated is it

Concentration (HHI) is low at 763, with the top 10 holdings at just 83.3% of equity weight. No single name can dominate the fund.

Good for damping single-stock risk — and equally, a big winner inside gets diluted.

HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.

Where the sector weight sits

By sector, Industrials alone is 60% — whatever the fund is called, this is a bet on that industry.

Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.

Weights above sum the individually listed equities and normalize that equity total to 100%.

How much it overlaps others

Its closest neighbour is JETU at 100% overlap — effectively the same basket.

Holding both is not diversification, it is buying the same companies twice. Pick whichever is cheaper.

What it is made of

The fund holds 20 positions in total; this page lists the largest 18 and folds the rest into "Others".

The expense ratio is 0.95% a year, which is not cheap. Fees come out of returns every year you hold, so it is worth checking whether the same index is available for less.