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ETFs

MicroSectors Gold -3x Inverse Leveraged ETN

DULL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 21, 2023
Expense Ratio
0.95%
Type
Global Commodities & Metals
Fund Owner
MicroSectors
Volume (1m avg. daily)
$25,479
AUM
$3,516,579
Associated Index
SPDR Gold Shares ETF
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with DULL

What is DULL?

The MicroSectors Gold Exchange Traded Notes is linked to the performance of the SPDR Gold Shares ETF. ETN offers investors a -3X return based on changes in the level of the SPDR Gold Shares ETF, compounded daily, before taking into account fees.

ETFs related toDULL

ETFs correlated to DULL include GLL, GDXD, DUST

DULL
Bank of Montreal - ZC SP ETN REDEEM 29/01/2043 USD 25 - 63679518
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDULL

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DULL using Composer

FAQ

DULL is a Global Commodities & Metals ETF. The MicroSectors Gold Exchange Traded Notes is linked to the performance of the SPDR Gold Shares ETF. ETN offers investors a -3X return based on changes in the level of the SPDR Gold Shares ETF, compounded daily, before taking into account fees.

DULL tracks the SPDR Gold Shares ETF.

No, DULL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DULL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DULL is 0.0112%. This is the percent change in the value of DULL over the most recent 1-month period. The 3-month return on DULL is 0.0348%. This is the percent change in the value of DULL over the most recent 3-month period.

ETFs similar to DULL include SHNY, DGP, and SCO.

ETFs correlated to DULL include GLL, GDXD, and DUST.

ETFs that are inversely correlated to DULL include GLD, UGL, and AAAU.

Yes, DULL is a Inverse (-3x) ETF: This means that DULL will try to match the performance of SPDR Gold Shares ETF, but with 3x the returns.

Yes, DULL is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of SPDR Gold Shares ETF, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.