DV
Dividend Vision

PYPS — AXS 1.5X PYPL Bear Daily ETF

AXS 1.5X PYPL Bear Daily ETF (PYPS)

PYPS carries a 1.15% expense ratio. Total return is 89.6% over the past 5.4 years, 20.9 points behind SPY at 110.5%. Its deepest 1-year drawdown was 39.7%.

PYPS is a leveraged inverse ETF that aims to deliver -1.5x the daily performance of PayPal, making it designed for traders seeking short-term bearish exposure to the payments company rather than traditional income generation. The fund charges a 1.15% expense ratio and does not pay distributions, reflecting its structure as a tactical trading vehicle rather than a yield-generating investment. This ETF appeals to experienced traders using hedging strategies or betting on near-term declines in PayPal's stock price, not to income-focused or buy-and-hold investors.

PYPS key facts

Issuer
AXS
Asset type
ETF
Asset class
Equity
Expense ratio
1.15%
Last close
$39.91
AUM
$599,713
Average volume
0.0
Ex-dividend date
06/26/2023
Payment date
06/28/2023