Description

This S&P 500 2x Inverse Daily Index is engineered to mirror the daily returns of a market strategy that provides twice the inverse (opposite) exposure to the 500 largest publicly traded corporations in the United States. The index broadly represents about 80% of the total free-float market capitalization. Its constituent companies are weighted according to their free-float adjusted market capitalization, and the index undergoes re-evaluation on a quarterly basis. For comprehensive details regarding the index's construction, including its selection criteria and weighting methodology, please visit https://www.spglobal.com/spdji/en/.