While reading a thread on this forum, I came across a term-- inverse ETFs-- which I didn't know. Could anyone briefly define it? Are there any good examples of ETFs that illustrate this? Thanks alot. And, thanks alot to ET members in general, for taking the time to answer members' questions. Good luck trading. (ET has enabled me to quickly choose which instrument to trade, thereby concentrating on the TA and money mgmnt techniques to be able to day trade C, and later an index, in the near future. But the current environment demands that one take action to preserve capital--and I am looking at other instruments to accom- plish this. This is the reason I ask a, relatively, stupid question.)
There are shitloads of them. May be a little to late to the bear party. Wait for the next bear spike sucker rally. DXD is a personal favorite of mine and has a nice 1-3 point range in this bi-polar market. Short & UltraShort MarketCap ETFs: ETF Name Ticker Benchmark Index Short QQQ PSQ Nasdaq-100 Short Dow 30 DOG DJIA Short S&P 500 SH S&P 500 Short MidCap400 MYY S&P MidCap 400 Short SmallCap600 SBB S&P SmallCap 600 Short Russell2000 RWM Russell 2000 UltraShort QQQ QID Nasdaq-100 UltraShort Dow 30 DXD DJIA UltraShort S&P 500 SDS S&P 500 UltraShort MidCap400 MZZ S&P MidCap 400 UltraShort SmallCap600 SDD S&P SmallCap 600 UltraShort Russell2000 TWM Russell 2000 UltraShort Style: ETF Name Ticker Benchmark Index UltraShort Russell1000 Value SJF Russell 1000 Value UltraShort Russell1000 Growth SFK Russell 1000 Growth UltraShort Russell MidCap Value SJL Russell MidCap Value UltraShort Russell MidCap Growth SDK Russell MidCap Growth UltraShort Russell2000 Value SJH Russell 2000 Value UltraShort Russell2000 Growth SKK Russell 2000 Growth UltraShort Sector: ETF Name Ticker Benchmark Index UltraShort Basic Materials SMN Dow Jones U.S. Basic Materials UltraShort Consumer Goods SZK Dow Jones U.S. Consumer Goods UltraShort Consumer Services SCC Dow Jones U.S. Consumer Services UltraShort Financials SKF Dow Jones U.S. Financials UltraShort Health Care RXD Dow Jones U.S. Health Care UltraShort Industrials SIJ Dow Jones U.S. Industrials UltraShort Real Estate SRS Dow Jones U.S. Real Estate UltraShort Semiconductors SSG Dow Jones U.S. Semiconductors UltraShort Oil & Gas DUG Dow Jones U.S. Oil & Gas UltraShort Technology REW Dow Jones U.S. Technology UltraShort Utilities SDP Dow Jones U.S. Utilities Short & UltraShort International: ETF Name Ticker Benchmark Index Short MSCI Emerging Markets EUM MSCI Emerging Markets Index Short MSCI EAFE EFZ MSCI EAFE Index UltraShort MSCI EAFE EFU MSCI EAFE Index UltraShort MSCI Emerging Markets EEV MSCI Emerging Markets index UltraShort MSCI Japan EWV MSCI Japan Index UltraShort FTSE/Xinhua China 25 FXP FTSE/Xinhua China 25 Index And here are some inverse Gold ETNs (Exchange Traded Notes): * DB Gold Double Short ETN (DZZ) * DB Gold Short ETN (DGZ)
No stupid questions BH. Some sources for you. proshares.com etfconnect.com type "stock is etf" into a stockfetcher.com free scan The march 2008 Futures magazine has basic etf info along with breakdown of bigger vol etf's near the back. Inverse etf move in price opposite to underlying. So a bear etf will move UP when the market its predicated on moves DOWN. Be careful with etf. Some are fairly illiquid and they have different cost structure. But they are exploding in quantity and utility and so expect them to become more popular as time moves on. HTH
And some days you don't get the 2x value with the index as a result of many factors. Some days its like Superman 3.