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MegaShort (-3X) S&P 500® Daily Leveraged Alternative ETF
SPYD (MegaShort (-3X) S&P 500® Daily Leveraged Alternative ETF) is an index Energy Equity ETF by MegaShort. With a 1.55% MER, it provides diversified exposure.
SPYD by MegaShort is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 1.55% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.