This is a single-stock inverse ETF that targets amplified performance in the opposite direction of CoreWeave common stock's daily moves. It is not designed to generate long-term cumulative returns. Instead, it manages its target exposure on each trading day.

It suits investors who hold a view on the underlying stock's short-term decline and can monitor daily price action and position risk.

It is an actively managed ETF run by REX Shares.

The product uses financial contracts such as swaps to seek amplified exposure in the opposite direction of CoreWeave's daily share price moves. Because target exposure is reset each trading day, cumulative performance over multiple trading days may not simply move opposite to changes in the underlying stock.

• Daily inverse exposure to a single stock
• Target exposure managed through swaps

Assets under management (AUM) stand at $33.4M, and the expense ratio is 1.50% per year.

Because the fund resets every trading day, liquidity may vary with trading conditions and market volatility. Beyond the fee burden, it is also worth checking bid-ask spreads and order timing.

This product's performance depends heavily on the direction and the size of daily moves in CoreWeave's share price. During declines in the underlying stock, the opposite-direction exposure may work as intended, but sharp rebounds or spikes in volatility can produce cumulative results that differ from expectations.

Fund flows into single-stock inverse ETFs can be sensitive to market participants' short-term directional views and trading demand. Earnings, supply and demand, industry competition, interest rates, and geopolitical factors surrounding the underlying stock can affect the trading environment and volatility.

It is a tool for expressing single-stock downside views over the short term, but daily resetting and concentrated exposure make holding it for the long term highly risky.

The SQQQ ETF shown in the table offers inverse exposure to a large-cap Nasdaq technology index, the SOXS ETF offers inverse exposure to the semiconductor sector, and the SH ETF offers inverse exposure to a large-cap US stock index, so each differs from the single-stock concentration of the CORD ETF. The PSQ ETF and SPXU ETF also provide opposite-direction exposure to broad indexes, but the CORD ETF is directly affected by the moves of one stock, CoreWeave, and by the impact of daily resetting. When comparing, check the scope of the underlying assets, the fee burden, trading conditions, and your short-term objective together.

When evaluating the CORD ETF, check not only the underlying stock's short-term direction but also the daily target structure and the potential for losses to widen. Its risk profile differs from that of long-term core holdings, so it is important to decide your trading purpose and holding period first.

If CoreWeave's share price rises or intraday volatility increases, losses can widen quickly. Daily resetting and the use of derivative contracts make the performance path more complex over long holding periods, and trading costs can also vary with market conditions.

The CORD ETF is an inverse ETF for investors who want to express a short-term downward view on CoreWeave. Understand the compounding effect of long-term holding and the risk of single-stock concentration, and approach it with caution after setting a target period and loss management criteria before trading.