BetaPro Canadian Gold Miners -2x Daily Bear ETF (HZRZF)
For informational purposes only. Not financial advice.
BetaPro Canadian Gold Miners -2x Daily Bear ETF (HZRZF) has a 2.22% expense ratio and $15M in assets under management.
BetaPro Canadian Gold Miners -2x Daily Bear ETF (HZRZF) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
How Is the Fund Allocated?
| Country | Weight |
|---|---|
| Other | 98.3% |
- ARK Innovation ETF (ARKK) — 0.75% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
- Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
- iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
Questions & Answers
What is HZRZF and what does it track?
The BetaPro Canadian Gold Miners -2x Daily Bear ETF (HZRZF) is an exchange-traded fund that seeks to provide twice the inverse of the daily performance of an index composed of Canadian gold mining companies.
What is the expense ratio for HZRZF?
The expense ratio for HZRZF is 2.22%. This means that for every $10,000 invested in the fund, $222 is deducted annually to cover operating expenses.
This is considerably higher than the average expense ratio for equity ETFs, which is around 0.44%.
What are the top holdings in HZRZF?
As an inverse ETF, HZRZF does not directly hold positions in the underlying companies. Instead, it uses financial instruments to achieve its inverse exposure.
The underlying index that HZRZF tracks is designed to measure the performance of Canadian companies active in the gold mining industry. The fund is market-cap-weighted, with individual constituents capped at 25% of the index weight. The fund's country exposure is heavily concentrated in 'Other' at 98.3%.
Is HZRZF a good long-term investment?
HZRZF is generally not considered suitable for long-term investment due to its leveraged and inverse nature. The fund is designed to deliver twice the inverse of the daily performance of Canadian gold mining companies.
Due to the daily reset mechanism, its performance over periods longer than one day can deviate significantly from the stated objective.
How does HZRZF compare to similar ETFs?
HZRZF stands out from traditional gold mining ETFs due to its inverse and leveraged structure. Most gold mining ETFs provide direct exposure to gold mining companies, while HZRZF aims to deliver twice the inverse of their daily performance.
Its expense ratio of 2.22% is significantly higher than most unleveraged gold mining ETFs.
Does HZRZF pay dividends?
As a leveraged inverse ETF focused on gold miners, HZRZF is not structured to pay dividends. The fund's objective is to provide leveraged inverse exposure to the daily performance of its underlying index, rather than generating income.
Therefore, investors should not expect to receive dividend payments from HZRZF. Any potential returns would come from correctly anticipating and profiting from short-term declines in the Canadian gold mining sector.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
Written by machine, not reviewed page by page. Editorial oversight is systemic: the rules and the sources are checked, individual pages are not.