What’s is ETF’s in stock market?
Exchange Traded Funds (ETF’s) all have an underlying asset that they track and range from:
- Basket Holdings
- Foreign Currency
EXCHANGE TRADED FUNDS (ETF’S) PRICING RELIES ON ITS UNDERLYING ASSET AND NOT THOSE BUYING SHARES OF THE ETFs.
ETF’s AND LEVERAGE
Exchange Traded Funds (ETF’s) all have ranges in which they try to deliver a return on the underlying asset for.
1X: Follows the Underlying asset on a 1:1 basis
If its underlying asset changes 1% so will the ETF
2X: Follows the Underlying asset on a 2:1 basis
If its underlying asset changes 1% the ETF will change 2%~
3X: Follows the Underlying asset on a 3:1 basis
If its underlying asset changes 1% the ETF will change 3%
4X: Follows the Underlying asset on a 4:1 basis
If its underlying asset changes 1% The ETF will change 4%~
LEVERAGED ETF’S ARE NOT MEANT TO BE HELD LONGTERM
ACCESSING ETF LISTS WITHIN THINK OR SWIM
Within Think or Swim you can access the list of ETF’s from the watchlist section click the dropdown and perform the following actions.
Watchlist -> Public (% – F) -> All ETF’s
Triple Leveraged ETF’s
Watchlist -> Public (R- W) -> Triple Leveraged ETFs
UNDERLYING ETF ASSET(S)
To check what the underlying asset(s) are on an Exchange Traded Fund (ETF):
- Use this link it will take you to Fidelity https://research2.fidelity.com/fidelity/screeners/etf/landing.asp
- In the top right corner input your ticker/symbol ID and hit enter.
- Scroll down until you find “Portfolio Composition” on the web page.
- Depending on what you are looking at, the ETF may have basket holdings of multiple tickers, or rely on a Commodity which can be tracked VIA Futures.
- To access a commodity within Think or Swim
Go to your watchlist dropdown
Watchlist -> Public (% – F) -> FUTURES
6.) Find the correlating symbol and pull it up.
ETF’S LIST GROUPED WITH UNDERLYING ASSET
Below is a link to a Google Spreadsheet containing ETF’s linked into groups (Commodities, Equities, Volatility, ETC)
Saving you time for finding what you need.
This contains 1X, 2X, 3X Leveraged ETF’s.
ETF’s Leverage & Asset Class
DO YOUR OWN DUE DILIGENCE (DD). IF YOU DECIDE TO BUY OR SELL ANYTHING, THAT IS ENTIRELY YOUR DECISION AND YOUR DECISION ALONE
ASKING INTRADAY IF “ITS TO LATE TO GET INTO ” OR “IF IS A GOOD BUY” WILL RESULT IN ENFORCEMENT ACTION. IF YOU WANT TRADING TO WORKOUT LONGTERM YOU SHOULD NEVER RELY ON SOMEONE ELSES OPINION.