This ETF offers daily -2x leveraged exposure to a benchmark that consists of companies engaged in the natural gas industry, making it a potentially useful tool for investors looking to bet against a narrow slice of the energy industry. Like other leveraged ETFs with a daily reset features, GASX probably doesn't make much sense for investors with a long time horizon looking to construct a buy-and-hold portfolio. Rather, GASX should appeal primarily to those interested in establishing a short term tactical bet against natural gas stocks. Part of the reason that GASX is inappropriate for long-term portfolios is the daily reset feature employed; this ETF is designed to deliver -200% exposure to the underlying benchmark only over that course of a single trading session. The effective exposure delivered if held for a longer or shorter stretch can vary significantly, especially in volatile market environments. That doesn't mean GASX can't be used as a part of a multi-session strategy; investors with a position in this ETF must simply be aware of the nuances of leveraged exposure and be willing and able to monitor a position regularly and potentially rebalance if necessary. Those interested in non-leveraged exposure to natural gas equities might want to take a look at FCG, while those looking for leveraged long exposure will want to consider GASL.
The adjacent table gives investors an individual Realtime Rating for GASX on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 10 other ETFs in the Leveraged Equities ETFdb.com Category that are also eligible for commission free trading:
GASX does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of GASX relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.