BetaPro S&P/TSX 60™ Daily Inverse ETF
HIX offers investors the inverse (opposite) exposure to the daily performance of the S&P/TSX 60 Index, providing a strategic tool to potentially profit from declines in the large-cap segment of the Canadian stock market.
HIX allows investors to gain leveraged short exposure to large-cap Canadian equities without the need for a margin account, mitigating the risks associated with margin trading while still accessing amplified performance and offering a more controlled approach to leveraged investing.
HIX can serve as an effective hedging tool for investors with long positions in the S&P/TSX 60, allowing them to hedge out daily or short-term market risk on their holdings. By providing inverse exposure to large-cap Canadian equities, HIX helps investors mitigate potential losses during market downturns, thereby protecting their investment portfolios and preserving capital.
NAV
$27.47
$-0.3793
-1.36%
Volume Real-time volume on the Toronto Stock Exchange only
885
Price
$27.44
$-0.17
-0.62%
Last Close
$27.61
Prices delayed by 15 minutes.
Last Trade: May 7, 2024Risk Rating: Risk Rating is based on how much the ETF's returns have changed from year to year. It doesn't tell you how volatile the ETF will be in the future. The rating can change overtime. An ETF with a low risk rating can still lose money.
Medium
Ticker
HIX
CUSIP
08663E308
Inception Date
March 4, 2009
Net Assets The value of all assets, less the value of all liabilities, at a particular point in time. (Includes all classes of this ETF)
$11,639,663
Consolidated Prior Day Volume The ETF’s aggregate volume traded on all Canadian exchanges
7,344
Average Daily Trading Volume Over a 12 Month Period The ETF’s aggregate average daily trading volume over a 12 month period traded on all Canadian exchanges
13,326
Exchange
Toronto Stock Exchange
Investment Manager
Global X Investments Canada Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Benchmark
Bloomberg Index Ticker
TX60AR
Management Fee
1.15% (Plus applicable sales tax)
Management Expense Ratio Management expense ratio (“MER”) is based on total expenses, including sales tax, (excluding commissions and other portfolio transaction costs) for the stated period for each ETF and is expressed as an annualized percentage of each ETF’s daily average net asset value during the period. Out of its management fees, the Manager pays for such services to the ETF as investment manager compensation, service fees and marketing.
1.65% As at December 31, 2023
Trading Expense Ratio The trading expense ratio (“TER”) represents total commissions and other portfolio transaction costs incurred by each ETF expressed as an annualized percentage of each ETF’s daily average net asset value during the period.
0.26% As at December 31, 2023
Currency
CAD
Currency Hedging
Seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times
LEI The LEI is the Legal Entity Identifier, which is an identification code under international standards for the accurate identification of legal entities like the ETF.
54930049QFL8Y6LFR940
As at May 6, 2024
NAV / Unit
$27.47
Price
$27.44
Premium Discount
$0.37
Premium Discount Percentage
1.34%
Outstanding Shares
413,750
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
|
dates |
1 mo | 3 mo | 6 mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR* |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro S&P/TSX 60™ Daily Inverse ETF | 2.84 | -1.72 | -11.46 | -1.62 | -1.30 | -5.39 | -9.29 | -8.36 | -10.84 |
*Fund performance since inception on March 4, 2009, as at April 30, 2024
|
dates |
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| BetaPro S&P/TSX 60™ Daily Inverse ETF | -19.49 | -9.69 | 8.29 | -17.01 | -15.83 | -23.79 | 6.20 | -5.18 |
As at March 28, 2024
Category
Weight
Financials
34.51%
Energy
17.90%
Industrial Services
13.36%
Information Technology
9.51%
Materials
9.15%
Consumer Service
4.37%
Consumer Goods
3.81%
Communication Services
3.68%
Utilities
3.03%
Real Estate
0.66%
Holdings are subject to change.
As at March 31, 2024
Security Name
Weight
Royal Bank of Canada
7.49%
Toronto-Dominion Bank
5.65%
Shopify Inc Cl A
4.92%
Canadian Pacific Kansas City Ltd
4.34%
Canadian Natural Resources Ltd
4.32%
Enbridge Inc
4.05%
Canadian National Railway Co
4.01%
Bank of Montreal
3.74%
Bank of Nova Scotia
3.31%
Brookfield Corp Cl A
3.16%
Holdings are subject to change.