RXD | A Leveraged Inverse ETF to Short Health Care
RXD | A Leveraged Inverse ETF to Short Health Care In this [RXD | A Leveraged Inverse ETF to Short Health Care] video π₯, we will be focusing on a 2X leveraged short healthcare ETF, RXD, which I recently discovered. With the healthcare sector experiencing an overly exuberant run, I was looking for a way to short the market and came across this powerful ETF. As you can see, RXD is a 2X leveraged inverse ETF, meaning it provides double the inverse daily return of its benchmark index, the S&P Healthcare Index. This allows for a higher risk-reward profile, with the potential for greater gains in the short-term. Currently, its risk-reward profile is at a balanced level, with the risk being 1.3 times the reward. Let's take a look at the performance of RXD compared to its own index and the market in general. As you can see, RXD is currently down, indicating a rise in the healthcare market. However, this ETF also offers some positive points, such as a small dividend, option trading, a...