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RYWWX Rydex Inverse Emerging Mkts 2X Strat A

1 lower fee alternative found

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Fund RYWWX Rydex Inverse Emerging Mkts 2X Strat A EUM ProShares Short MSCI Emerging Markets  
Similarity
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100% 90%
Annual Fees
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$157.97
(1.75% Exp. Ratio)
$85.76
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming -9.73% annual return
$273.07 $348.29
Est. savings over 30 yrs +$75.21
Return
As of 11/30/16
1 YR RETURN -30.67%
3 YR -9.18%
5 YR -10.91%
10 YR --
1 YR RETURN -12.36%
3 YR -1.75%
5 YR -4.99%
10 YR --
Description
The investment seeks to provide investment results that correlate, before fees and expenses, to 200% of the inverse (opposite) of the performance of the BNY Mellon Emerging Markets 50 ADR Index on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in leveraged derivatives instruments. It invests at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The fund is non-diversified.
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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