The MegaShort (-3X) S&P 500® Daily Leveraged Alternative ETF seeks to replicate three times inverse (-3X) of the daily performance of the S&P 500® Index, which is calculated in U.S. dollars, before fees and expenses. SPYD does not hedge its currency exposure to the U.S. dollar.
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.