Opinions Larry Berman CFA, CMT, CTA
Active Bear ETFHDGECOMMENTApr 19, 2021
Larry Berman CFA, CMT, CTAStock price when the opinion was issued
As of May 29, 2026. Market Open.
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A Canadian ETF that would short the S&P 500 or the NASDAQ? Doesn’t know of any on the Canadian side, but there is this one in the US. They take the S&P 500 and pick out a number of stocks, usually around 30 or 40, that their prognosis suggests are overvalued, and they Short the stocks. A great way of buying a basket of shorted stocks. It is about 95% negatively correlated to the S&P 500. Will do pretty much exactly the opposite of the S&P 500.
(A Top Pick Aug 17/12. Down 4.07%.) This is an ETF that Shorts fundamentally poor companies. Can be an okay hedge in your portfolio if you are beginning to feel a little bit cautious about the markets. Likes the concept for short-term periods where you are little bit bearish and you want to offset some of the possible negatives on some of your long stocks.
HIX is an inverse play on the TSX 60 similar to HDGE or RWM. It is a single inverse, so there is only a tiny element of future market exposure. There is no leverage involved in HIX.