DCHF ETF — Holdings & Analysis

The Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. CHF Index (DCHF) is an exchange-traded note providing a daily reset, 4x leveraged exposure to the USD/CHF currency pair.

With an expense ratio of 1.50%, DCHF seeks to magnify the daily changes in the exchange rate between the U.S. dollar and the Swiss Franc. The fund is non-diversified and has an AUM of $0.00B as of March 15, 2026. Past performance does not guarantee future results.

Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. CHF Index (DCHF) ETF — Price, Holdings & Analysis

The Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. CHF Index (DCHF) is an exchange-traded note providing a daily reset, 4x leveraged exposure to the USD/CHF currency pair. With an expense ratio of 1.50%, DCHF seeks to magnify the daily changes in the exchange rate between the U.S. dollar and the Swiss Franc. The fund is non-diversified and has an AUM of $0.00B as of March 15, 2026. Past performance does not guarantee future results.

ETF Overview

The investment seeks to track the daily performance of the VelocityShares Daily 4X Long USD vs. CHF Index. The index is designed to provide 4 times leveraged exposure, reset daily, to changes in the spot exchange rate between an underlying pair of currencies consisting of the U.S. dollar and a foreign currency. It provides long exposure to one currency (the âlong currencyâ) in the underlying currency pair relative to the other currency (the âreference currencyâ). The fund is non-diversified.

DCHF offers investors a way to potentially profit from short-term movements in the USD/CHF exchange rate. By employing a 4x leverage factor, the ETN aims to amplify the daily returns of holding a long position in USD relative to CHF. This strategy is designed for sophisticated investors with a high-risk tolerance who actively monitor currency markets. The daily reset feature means that the leverage is reset each day, which can lead to significant compounding effects, both positive and negative, over longer periods. DCHF is not a suitable investment for those seeking long-term, buy-and-hold exposure to currency markets. The fund is non-diversified, meaning it concentrates its exposure in a single currency pair, increasing its sensitivity to fluctuations in that specific market. Past performance does not guarantee future results.

Risk Metrics

DCHF carries a high degree of risk due to its leveraged nature. The 4x leverage can lead to substantial gains in a single day, but it can also result in equally significant losses. The daily reset feature can exacerbate these effects over time, as gains and losses are magnified and compounded daily. The expense ratio of 1.50% is relatively high, which can further erode returns, especially in periods of low or negative performance. Given the fund's focus on a single currency pair, it is highly susceptible to currency-specific risks, such as changes in interest rates, economic policies, or political events in the United States or Switzerland. The fund's beta is 0.00, indicating that it has not had a strong correlation to the overall market. Past performance does not guarantee future results.

Expense Ratio

1.50%

Dividend Yield

0.00%

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Risk Metrics

Beta: 0.00

Questions & Answers

What is DCHF and what does it track?

DCHF is the Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. CHF Index. It is an exchange-traded note designed to provide four times (4x) the daily percentage change in the value of the U.S.

dollar versus the Swiss Franc. The ETN resets daily, meaning the leverage is reset each day to maintain a 4x exposure.

What is the expense ratio for DCHF?

The expense ratio for DCHF is 1.50%. This means that for every $10,000 invested in the ETN, $150 is deducted annually to cover the fund's operating expenses.

This expense ratio is higher than the average expense ratio for equity ETFs, which can be around 0.44%.

What are the top holdings in DCHF?

As an ETN that tracks an index based on a currency pair, DCHF does not hold traditional company stocks or bonds.

Instead, its 'holdings' are represented by the contractual agreement between the issuer (Citigroup) and the investor to provide the returns linked to the VelocityShares Daily 4X Long USD vs. CHF Index.

Is DCHF a good long-term investment?

DCHF is generally not considered a suitable long-term investment due to its leveraged nature and daily reset mechanism. The 4x leverage can lead to significant volatility and potential losses over extended periods.

The daily reset feature can also result in compounding effects that deviate significantly from the simple 4x return of the underlying USD/CHF currency pair over longer time horizons.

How does DCHF compare to similar ETFs?

DCHF stands out due to its specific focus on providing 4x leveraged exposure to the USD/CHF currency pair. While there are other currency ETFs and ETNs available, few offer the same level of leverage and targeted exposure.

DCHF's expense ratio of 1.50% is relatively high compared to non-leveraged currency ETFs.

Does DCHF pay dividends?

DCHF does not pay dividends. As an exchange-traded note that tracks a currency pair, its returns are based on the changes in the exchange rate between the U.S. dollar and the Swiss Franc, not on dividend payments from underlying assets.

The ETN's value fluctuates based on the performance of the VelocityShares Daily 4X Long USD vs. CHF Index.