ETFMG 2x Daily Travel Tech ETF

Frequently Asked Questions About AWYX

What does AWYX invest in?

The index tracks the performance of globally exchange-listed equities of companies across the globe that are engaged in “Travel Technology Business” which is defined as providing technology. The fund invests at least 80% of its net assets in financial instruments, securities of the index, and exchange-traded funds that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. It is non-diversified.

What is the expense ratio of AWYX?

ETFMG 2x Daily Travel Tech ETF (AWYX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is AWYX a good long-term hold?

AWYX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does AWYX's daily reset work?

AWYX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is AWYX?

ETFMG 2x Daily Travel Tech ETF (AWYX) manages $256,854 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AWYX actively managed or an index fund?

AWYX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.