RXDProShares UltraShort Health Care
RXD Fund Description
RXD provides -2x exposure to a market-cap-weighted index of US financial services companies.
RXD Factset Analytics Insight
RXD provides daily geared inverse (-2x) exposure to the Dow Jones US Health Care Index. It charges 95 bps for holding swaps on the index and the iShares US Healthcare ETF (IYH). The index has about a 65% stake in the pharmaceuticals alone, making RXD, in essence, a leveraged bet against the pharmaceutical industry. RXD has next to nothing in AUM and carries a high fund-closure risk. It has nonexisting liquidity, with low daily trading volume and wide spreads, making RXD a very poor and expensive trading vehicle. Considering RXD is a tactical tool, the onerous costs of trading undermine the product’s usefulness. Due to daily compounding, it’s unlikely to achieve its stated exposure and returns for longer than a 1-day period.
RXD CHARTS AND PERFORMANCE
RXD Summary Data
RXD Portfolio Data
RXD Index Data
RXD Fund Structure
RXD Tax Exposures
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 5 out of 5.