Nasdaq 100 2x Leveraged ETF Fund Details and Metrics

The Nasdaq 100 2x Leveraged ETF is a powerful investment tool that allows you to amplify your returns. It's an exchange-traded fund that tracks the performance of the Nasdaq 100 index, but with a 2x leverage, meaning it aims to deliver twice the daily returns of the underlying index.

The fund is designed to provide aggressive investors with a way to magnify their gains, but it's not for the faint of heart. It's typically used as a trading tool, rather than a long-term investment.

The fund's daily reset feature means that its performance is reset daily, so you won't be locked into any long-term losses. This can be a big advantage for traders who want to take advantage of short-term market movements.

The fund's net expense ratio is around 0.95%, which is relatively low compared to other leveraged ETFs.

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The fund details of the NASDAQ 100 2x leveraged ETF are quite interesting. The CUSIP is 08662F108.

The net assets of the fund as of January 13, 2025, are $388,765,248. This is the value of all assets, less the value of all liabilities, at a particular point in time.

The consolidated prior day volume is 1,780,534, which is the ETF's aggregate volume traded on all Canadian exchanges.

The average daily trading volume over a 12-month period is 1,569,631, also traded on all Canadian exchanges.

The fund is managed by Global X Investments Canada Inc. and is eligible for all registered and non-registered investment accounts.

The management fee is 1.15%, plus applicable sales tax. This fee is used to pay for various services, including investment manager compensation, service fees, and marketing.

Here's a breakdown of the management expense ratio, trading expense ratio, and currency hedging strategy:

The LEI, or Legal Entity Identifier, is an identification code under international standards for the accurate identification of legal entities like the ETF. As of September 30, 2024, the holdings are subject to change.

The performance of a Nasdaq 100 2x leveraged ETF can be a wild ride, with returns ranging from 68.09% in 2017 to -61.67% in 2022.

The initial balance of the investment is $10,000, and the final balance as of January 2025 is a staggering $595,405.

Annual returns are calculated over a specific time period, and in this case, the ETF has an average annual return of 14.04% over the past three years.

Annual volatility indicates how much the investment can deviate from its annual return, and in this case, the ETF has an annual volatility of 39.65%.

The best year for the ETF was 2019, with a return of 79.22%, while the worst year was 2022, with a return of -61.67%.

Here are some key performance metrics for the Nasdaq 100 2x leveraged ETF:

The Sharpe Ratio, which measures the performance of an investment compared to a risk-free asset, is 0.79, indicating that the ETF has a relatively good balance of return and risk.

Discover more: Leveraged Etf Risk

The Nasdaq 100 2x leveraged ETF has delivered impressive returns over the years. This ETF has been in existence since 2008, and its performance is a testament to its ability to generate significant gains.

The initial balance of the investment was $10,000, and as of January 2025, the final balance stands at a staggering $595,405. This represents a return of 5,954.05% over the 17-year period.

The ETF has consistently delivered high annual returns, with an average annual return of 27.09% over the 17-year period. This is a remarkable feat, especially considering the volatility of the market.

Here are some key return metrics for the Nasdaq 100 2x leveraged ETF:

The ETF has also demonstrated a high level of resilience, with a maximum drawdown of -71.09% over the 17-year period. This indicates that the ETF has been able to recover from significant losses and continue to deliver returns.

The Sharpe Ratio, which measures the performance of the ETF compared to a risk-free asset, stands at 0.79. While this is not extremely high, it suggests that the ETF has delivered returns that are commensurate with its level of risk.

The Nasdaq 100 2x leveraged ETF is a high-risk, high-reward investment. The Sharpe Ratio of 0.79 indicates that this investment has performed better than a risk-free asset, but not by a significant margin.

Annual volatility of 39.65% means that returns can deviate significantly from the annual return of 27.09%. A lower volatility would be preferred to ensure more steady returns over time.

The Max Drawdown of -71.09% is a significant concern, indicating that the investment can drop by as much as 71% from its peak before recovering. This is a major downside risk.

The Sharpe Ratio, Sortino Ratio, and Adjusted Sortino Ratio are all measures of risk-adjusted performance. A Sharpe Ratio above 1 is considered good, and the Sortino Ratio above 1 is also considered good. The Adjusted Sortino Ratio is a variation of the Sortino Ratio that allows for comparison to the Sharpe Ratio.

Here are some key risk metrics for the Nasdaq 100 2x leveraged ETF:

The Ulcer Index and Gain to Pain Ratio are also important metrics to consider. The Ulcer Index measures downside risk, while the Gain to Pain Ratio shows the ratio of net returns to losses.

The Nasdaq 100 2x Leveraged ETF has a unique symbol, FR0010342592, which identifies it in the market.

This fund is managed by Amundi, a well-established provider in the financial industry.

The total expense ratio of the fund is 0.60%, which is a relatively low cost for an investment product.

The ETF tracks the Nasdaq 100 Leveraged Notional Net Total Return Index - USD, which means its performance is closely tied to the underlying index.

Here's a quick summary of the fund's key characteristics:

The description of an investment product is a crucial aspect of understanding what you're investing in. It's like reading the label on a food package, you want to know what's inside and what to expect.

A unique identifier for an investment product is its symbol, like FR0010342592. This code is used to track and identify the product.

The total expense ratio (TER) is a key metric that indicates the fees associated with managing the investment. A TER of 0.60% means that 0.60% of your investment will go towards paying fees.

The asset class of an investment product tells you what type of assets it's invested in. In this case, it's equities, which means it's invested in stocks.

Investment products can be restricted to specific sectors, but in this case, it's not restricted to any particular sector.

The size of the investment product refers to the market capitalization of the companies it's invested in. In this case, it's a large-cap product, which means it's invested in well-established and large companies.

A table to summarize the key points:

A CUSIP is a unique nine-character code assigned to a security, such as a stock or bond, to identify it on the financial markets.

CUSIPs are used to distinguish between similar securities, like different stocks issued by the same company.

They are also used to track ownership and trading activity for each security.

CUSIPs are usually printed on stock certificates and reported on financial statements.

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Each CUSIP is unique and cannot be reused, ensuring accurate tracking and identification of securities.

Symbols, on the other hand, are the shortened names used to represent securities on stock exchanges and financial reports.

Symbols are typically three or four letters long and are often a combination of the company's initials or a unique abbreviation.

They are used to quickly identify a security and are displayed on stock tickers and financial screens.

Symbols can also be used to represent a security's class, such as common stock or preferred stock.

A fresh viewpoint: What Are Etfs in the Stock Market

The Nasdaq 100 2x Leveraged ETF is designed to amplify portfolio growth by seeking double the daily performance of the NASDAQ-100 Index.

Investors can potentially increase returns from large-cap U.S. equities during periods of positive market momentum, as seen in the 2023 Interim Report.

The ETF's strategy involves seeking to magnify the index's exposure 200% on a monthly basis, providing enhanced exposure to the underlying benchmark per dollar invested.

This means that if the NASDAQ-100 Index goes up, investors can expect accelerated investment gains, but there is also an increased risk of accelerated losses if the market declines, as mentioned in the Fund Highlights and Applications section.

The ETF's performance is tracked through various metrics, including most recent income, dividend, and capital gain.

Here are the most recent figures as of 12/12/24:

It's essential to note that the ETF comes with expenses, including a gross expense ratio of 2.71% and a net expense ratio of 2.17%, as shown in the same section.

Investors should carefully consider these expenses and the investment's risks before investing.

With HQU, you can gain leveraged exposure to the tech-heavy NASDAQ-100 Index without the need for a margin account.

This approach mitigates the risks associated with margin trading, giving you a more controlled way to access amplified performance.

You'll still enjoy the benefits of leveraged investing, but with a more stable foundation.

Investors can gain exposure to the NASDAQ-100 Index without the risks of margin trading, thanks to HQU's innovative approach.

The Multi-Unit France Lyxor PEA Nasdaq 100 ETF is a type of investment fund that tracks the Nasdaq 100 index, which includes the 100 largest and most actively traded US companies listed on the Nasdaq stock exchange.

This ETF is designed to provide 2x leveraged exposure to the Nasdaq 100 index, meaning it aims to return twice the daily performance of the underlying index.

The fund is managed by Lyxor Asset Management, a European investment management company that specializes in exchange-traded funds (ETFs).

The France Lyxor PEA Nasdaq 100 ETF is a type of PEA (Plan d'Épargne en Actions) fund, which is a French tax-advantaged savings plan that allows individuals to invest in a range of assets, including ETFs.

The fund has a total expense ratio (TER) of 0.45%, which is relatively low compared to other leveraged ETFs on the market.

The France Lyxor PEA Nasdaq 100 ETF is listed on the Euronext Paris stock exchange under the ticker code LYXPEA.