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DXB

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1d
1w
1m

Analysis and statistics

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About

DXB.TO represents the Horizons BetaPro Crude Oil Double Daily Bull ETF. It is an exchange-traded fund (ETF) designed to provide leveraged, daily investment results, corresponding to two times (200%) the daily performance of the Solactive Equal Weight Crude Oil Index. This index tracks the performance of near-month crude oil futures contracts. Due to its leveraged nature, DXB.TO is considered a high-risk investment and is primarily intended for short-term trading strategies, as its performance can deviate significantly from the underlying index over longer periods due to the effects of compounding.
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Factors

Global Market Conditions: Overall investor sentiment and economic trends, particularly in developed markets, can influence demand for Canadian ETFs like DXB.TO.

Underlying Bond Performance: DXB.TO's price is heavily influenced by the performance of the underlying portfolio of Canadian corporate bonds it tracks. Bond yields and credit spreads are key drivers.

Interest Rate Changes: Rising interest rates typically decrease bond prices, and vice-versa, impacting DXB.TO's value as its holdings react to rate fluctuations.

Credit Risk: The perceived creditworthiness of the companies issuing the bonds held by DXB.TO affects its price. Downgrades can lead to price declines.

Supply and Demand: Market demand for DXB.TO shares can impact its trading price, particularly if demand outstrips available supply or vice versa.

ETF Management Fees: While not a direct driver of daily price fluctuations, the ETF's management expense ratio (MER) affects the overall return investors receive.

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