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BetaPro ETFs
A 2x daily inverse silver 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:
Leveraged inverse exposure to silver. This fund is built for amplified inverse daily moves. Daily reset and compounding can produce longer-period results that differ materially from a simple opposite multiple of the reference market.
| Leverage | 2x, daily reset | risk↓ |
| Fee | 1.15% per year | costs↓ |
| Currency | CAD-hedged | facts↓ |
| Wrapper | Inverse | holdings↓ |
This fund references a single commodity, but its daily objective is inverse to that reference: it is built to rise when the commodity price falls, resets daily, and long-period results can differ materially from the opposite 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 | $19M· net assets |
| Listed | 2008· 18 years of history |
| Leverage / overlay | 2x inverse (daily reset) |
What moved the price
| Ticker | SLVD.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Commodities |
| Structure | Inverse |
| Theme | Silver |
| Provider | BetaPro ETFs |
| Mgmt fee | 1.15% |
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Prices as of last close.
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