By magnifying the daily returns of Finance indices, the leveraged funds signal the finance-related industries driving performance in the sector
Leveraged finance ETFs contrast the performance between
- financial institutions
- funds tracking the broadly based Dow Jones Financial Select Sector, representative of the segment in the S&P500
- large banks Invalid tag asset
- regional banks
- a tracker of S&P CME Bitcoin Futures Daily Roll Index
- the real estate and mortgage sector
- and currencies (USD vs Yen and Euro)
Specialized funds, tracking financial segments such as regional banks vs large banks, or mortgage REITs vs Real Estate, may help identify diverging trends in the broadly defined financial select sector
Because the funds are tracking the performance of the underlying assets over the very short term (adjusted daily), significant break-out trends of specific industries will be highlighted by selecting short time frames (top right menu box) for 1 month (or even down to 2 weeks)
Momentum signals trends of the last 5 days against a 20-day average
GraniteShares 1.5x Long COIN Daily ETF Invalid tag asset which leverages the daily performance of Coinbase Global
ProShares S&P 500® ex-Financials ETF