RXDProShares UltraShort Health Care
RXD Fund Description
RXD provides -2x exposure to a market-cap-weighted index of US health care companies.
RXD Factset Analytics Insight
RXD provides daily geared inverse (-2x) exposure to the Dow Jones US Health Care Index, a broad, cap-weighted health care index that includes pharma, biotech, healthcare services and equipment companies. The fund will likely tilt towards pharma and healthcare equipment firms given their vast cap in essence, a leverage bet on these sectors. Investors should be cognizant of the fund's daily rebalancing, which can lead to profound differences in expected returns over the long haul. Still, compounding is a double-edged sword, it can work in investors' favor in trending markets. Due to daily compounding, it’s unlikely to achieve its stated exposure and returns for longer than a 1-day period.
RXD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RXD. RXD is rated a N/A out of 5.