ETFS 3x Short CAD Long EUR (CAE3.MI)
ETF Summary
ETFS 3x Short CAD Long EUR (CAE3) is designed to provide investors with a 'leveraged short' exposure to Canadian Dollar ("CAD") relative to Euro ("EUR") by tracking the MSFX Triple Short Canadian Dollar/Euro Index (TR) (the "Index"), which aims to reflect three times the performance of a position in forward contracts which are rolled on a daily basis. CAE3 is an exchange traded currency ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. However, daily cash payments are made between the Issuer and the counterparty to reflect the movements in the value of the Index.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
YTD Return | -25.84% |
5y Average Return | -9.34% |
Rank in Category (ytd) | -- |
% Rank in Category (ytd) | -- |
Beta (5Y Monthly) | 0.00 |
Morningstar Risk Rating | -- |
Risk Statistics
3 Years | 5 Years | 10 Years | ||||
---|---|---|---|---|---|---|
CAE3.MI | Category Average | CAE3.MI | Category Average | CAE3.MI | Category Average | |
Alpha | 0 | -- | 0 | -- | -- | -- |
BETA | 0 | -- | 0 | -- | -- | -- |
Mean Annual Return | -0.8 | -- | -0.63 | -- | -- | -- |
R-squared | 0 | -- | 0 | -- | -- | -- |
Standard Deviation | 18.55 | -- | 21.59 | -- | -- | -- |
Sharpe Ratio | -0.5 | -- | -0.34 | -- | -- | -- |
Treynor Ratio | 0 | -- | 0 | -- | -- | -- |