Overview: The Leverage Shares - 3x Alphabet (symbol: 3GOO) is an ETF designed to provide three times the daily performance of Alphabet, Inc. shares, the parent company of Google. This financial instrument aims to triple the price fluctuations of Alphabet's stock, making it a leveraged product. It is important to note that this ETF is intended for investors looking to capitalize on short-term movements in the Alphabet stock market.
Benefits: One of the main advantages of this ETF is its ability to amplify potential gains during bullish movements of Alphabet's stock. For investors who believe in the continued growth of the company, this ETF can offer increased exposure to its performance. Additionally, it allows for simplified management of exposure to a single stock without the need to directly purchase the underlying shares.
Risks: However, this ETF presents significant risks. Leverage can also amplify losses in the event of unfavorable market movements. Investors should be aware of the increased volatility associated with this type of product, which can lead to significant value fluctuations over short periods. Furthermore, long-term performance may diverge significantly from that of the underlying stock due to the nature of leverage.
Investor Profile: This ETF is primarily suitable for experienced investors and those with a high risk tolerance. It is particularly well-suited for short-term traders looking to take advantage of rapid market movements, rather than long-term investors who prioritize stability and capital preservation.
Total Annual Returns, Including Dividends
The drawdown measures the decline in price from its historical high. It helps assess the fund's downside risk. The calculation includes dividends.
| Volatility | Max drawdown | Sharpe ratio | |
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| 1 year | |||
| 3 years | |||
| 10 years | |||
| Max |