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BetaPro ETFs
A 2x daily leveraged fund: resets daily, built for short holding periods. Fee 1.15% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
2x leveraged exposure to the underlying commodity. The main driver is the fund's leverage structure rather than holdings concentration alone. Over longer periods, results can differ from simply multiplying the benchmark return.
| Leverage | 2x, daily reset | risk↓ |
| Fee | 1.15% per year | costs↓ |
| Currency | CAD-hedged | facts↓ |
| Wrapper | Leveraged (derivatives) | holdings↓ |
This fund references a single commodity, but its daily objective is 2x leveraged to that reference: it is built to move a multiple of the commodity price each day, resets daily, and long-period results can differ materially from that multiple of the price move.
Source: fund provider disclosure.
The management fee was 1.15% a year, or about $115 for every $10,000 held. Daily-reset leverage adds borrowing and derivative costs that are reflected in the fund's returns rather than in this fee. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $150M· net assets |
| Listed | 2008· 18 years of history |
| Leverage / overlay | 2x leveraged (daily reset) |
What moved the price
| Ticker | HOU.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Commodities |
| Structure | Leveraged (derivatives) |
| Theme | Energy Commodities |
| Provider | BetaPro ETFs |
| Mgmt fee | 1.15% |
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Prices as of last close.
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