Treat and Trick

Happy Halloween!

What a wonderful treat for the fans and the city of Boston as the Boston Red Sox defeated the St. Louis Cardinals in 6 games to win their 3^rd World Series in the last 10 seasons – congratulations Boston Strong!

Back in our world of ETFs, we thought Halloween would be a good day to explore the Risk side of our ratings and in particular look at whether Levered and Inverse are often a “Trick” as it relates to Risk.  The majority of our subscribers, stick to the ETPs that do not employ leverage and are not Inverse.  As of today, here are the highest Risk Rated ETPs without leverage and not inverse in nature.  Just click on the Ticker for a comprehensive TearSheet:

Ticker	Name	Risk
CVOL	C-Tracks Linked to the CVOLT Index ETN	9.33
TAN	Guggenheim Solar ETF	8.93
KWT	Market Vectors Solar Energy ETF	8.83
EEH	ELEMENTS SPECTRUM Large Cap U.S. Sector Momentum ETN	8.64
GLDX	Global X Gold Explorers ETF	8.47
EGPT	Market Vectors Egypt Index ETF	8.28
GGGG	Global X Pure Gold Miners ETF	7.93
SPGH	UBS ETRACS S&P 500 Gold Hedged Index ETN	7.85
GDXJ	Market Vectors Junior Gold Miners ETF	7.78
VIIX	VelocityShares Daily Long VIX Short-Term ETN	7.76

Now we certainly understand that there are those folks out there with an appetite for Leverage and Inverse who employ strategies that use them effectively.  Here are today’s ETPs with the highest Risk Scores inclusive of Levered and Inverse

Ticker	Name	Inverse	Levered	Risk
INDL	Direxion Daily India Bull 3x Shares ETF	-	Yes	10.00
LBJ	Direxion Daily Latin America Bull 3x Shares ETF	-	Yes	9.65
GASL	Direxion Daily Natural Gas Bull 3x Shares ETF	-	Yes	9.57
GINN	Direxion Daily China 3X Bull Shares ETF	-	Yes	9.54
USLV	VelocityShares 3x Long Silver ETN	-	Yes	9.53
UWTI	VelocityShares 3x Long Crude ETN	-	Yes	9.51
NUGT	Direxion Daily Gold Miners Bull 3x Shares ETF	-	Yes	9.50
DOIL	VelocityShares 3x Inver Brent Crude ETN	Yes	Yes	9.45
EDC	Direxion Daily Emerging Markets Bull 3X ETF	-	Yes	9.37

There is a ton more to discuss and explore within these dynamics outside of this post – all available at ETFG Scanner.  

We hope that everyone, including your little trick-or-treaters, have a safe and wonderful Halloween and thank you for reading ETFG Daily Perspectives.