YGRNMicroSectors U.S. Big Oil Index Inverse ETN
YGRN Fund Description
The MicroSectors U.S. Big Oil Index Inverse ETN tracks the inverse of the performance of an equal-weighted index of U.S. Oil & Gas Companies.
YGRN Factset Analytics Insight
YGRN is an inverse take on the U.S. Oil and Gas industry. Specifically, the fund tracks the inverse of the underlying index, which selects the 10 largest qualifying stocks and even weights them. YGRN charges a steep fee for such exposure; however, the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
YGRN CHARTS AND PERFORMANCE
YGRN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of YGRN. YGRN is rated a N/A out of 5.