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BetaPro S&P 500 -2x Daily Bear ETF (HSD : TSX)

Passive Inverse/Leveraged

Close
(07-18-2024)
$17.39
Change
$0.29 (1.70%)
Open $17.06
Day Range $16.97 - $17.52
Volume 313,042

As at June 30, 2024

Period
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Legend

BetaPro S&P 500 -2x Daily Bear ETF

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Fund Returns

Inception Return (June 17, 2008): -26.63%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -5.92% -5.54% -20.69% -20.69% -28.54% -29.37% -17.74% -28.62% -30.12% -28.56% -28.11% -28.32% -26.98% -26.12%
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average -1.19% -1.76% -1.76% -1.76% -2.09% -3.13% -4.79% -3.73% -7.00% -5.69% -6.34% -6.92% -6.96% -6.79%
Category Rank 19 / 26 19 / 26 20 / 26 20 / 26 20 / 26 19 / 24 15 / 22 16 / 22 14 / 22 14 / 22 14 / 22 15 / 22 15 / 22 17 / 22
Quartile Ranking 3 3 4 4 4 4 3 3 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -5.28% 4.15% 11.19% 5.02% -15.34% -7.62% -2.39% -9.17% -5.30% 9.52% -8.32% -5.92%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

23.90% (October 2008)

Worst Monthly Return Since Inception

-24.66% (April 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -26.53% -10.23% -24.24% -33.21% 3.92% -42.27% -49.26% -43.33% 32.43% -31.90%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average -5.15% -6.71% -10.52% -10.14% -2.68% -7.78% -10.37% -10.54% -2.30% -3.46%
Quartile Ranking 4 3 3 4 2 4 3 4 1 4
Category Rank 17/ 22 12/ 22 15/ 22 20/ 22 8/ 22 18/ 22 16/ 22 17/ 22 4/ 24 24/ 26

Best Calendar Return (Last 10 years)

32.43% (2022)

Worst Calendar Return (Last 10 years)

-49.26% (2020)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BetaPro S&P 500 -2x Daily Bear ETF

Median

Other - Passive Inverse/Leveraged

3 Yr Annualized

Standard Deviation 34.71% 33.20% 28.49%
Beta -2.27% -1.72% -1.76%
Alpha 0.02% -0.12% -0.13%
Rsquared 0.76% 0.65% 0.61%
Sharpe -0.48% -0.96% -0.96%
Sortino -0.66% -1.19% -1.22%
Treynor 0.07% 0.19% 0.16%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 28.20% 34.71% 33.20% 28.49%
Beta -2.11% -2.27% -1.72% -1.76%
Alpha -0.04% 0.02% -0.12% -0.13%
Rsquared 0.75% 0.76% 0.65% 0.61%
Sharpe -1.22% -0.48% -0.96% -0.96%
Sortino -1.36% -0.66% -1.19% -1.22%
Treynor 0.16% 0.07% 0.19% 0.16%
Tax Efficiency - 100.00% 100.00% 100.00%

Fund Details

Start Date June 17, 2008
Instrument Type Exchange Traded Fund (Alternative)
Share Class Do-It-Yourself
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -
52 Week High $30.06
52 Week Low $16.63
Annual Dividend -
Annual Yield -
Index S&P 500 Index
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 2x inverse of daily performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

The HBP S&P 500 Bear+ ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500. The HBP S&P 500 Bear+ ETF is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF's investment will be hedged back to the Canadian dollar to the best of the ETF's ability.

Investment Strategy

HBP S&P 500 Bear+ ETF invests in financial instruments that have similar daily return characteristics as two times (200%) the inverse (opposite) of the daily performance of the S&P 500. In order to achieve this objective, the total underlying notional value of these instruments will typically not exceed two times the total assets of the ETF. As such, the HBP S&P 500 Bear + ETF will employ leverage.

Portfolio Manager(s)

Name Start Date
JovInvestment Management Inc 06-17-2008

Management and Organization

Fund Manager Horizons ETFs Management (Canada) Inc.
Advisor JovInvestment Management Inc
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor KPMG LLP

Fees

MER 1.50%
Management Fee 1.15%

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