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That means it is designed to move in the opposite direction as the Dow ("inverse"), and it's also designed to multiply the amount of daily movement by three ("leveraged"). In other words, if the Dow falls by 1% on a given day, the SDOW would, in theory, rise by 3%.What is the SDOW ETF?
The SDOW is an inverse-equity, exchange-traded fund (ETF) that's designed to be held for one-day periods and works as a tool to aggressively offset the movements of the Dow Jones Industrial Average (DJIA).What happened to SDOW in March 2020?
In March 2020, the DJIA experienced a historic price decline, entering a bear market. Because the DJIA decreased, SDOW experienced a price increase. However, those gains were short-lived. Any investors who held SDOW through the following months would have ultimately lost their gains as the Dow recovered somewhat from its sharp March decline.Is SDOW a good 1-day bet?
SDOW provides 3x inverse exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest US companies. SDOW is an aggressive, 1-day bet against the Dow Jones Industrial Average—perhaps the most famous index in the world.