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1 Year | 5 Year | 5 Year Annualized | Since IPO | |
---|---|---|---|---|
FAZ | -34.95% | -95.1% | -45.3% | -100% |
S&P | +14.5% | +93.32% | +14.09% | +640% |
The investment seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the performance of the Russell 1000 Financial Services Index.
Straight-up market movements have hidden some of the pitfalls of these exchange-traded funds.
Reverse splits of leveraged ETFs perpetuate the illusion that they're good long-term investments.
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