Screening Filters
monthly_average_dollar_volume ≥ $1,000,000
- Purpose: Ensure the selected ticker(s) are reasonably liquid and actively traded.
- Rationale:
- When you’re effectively “shorting” an index like the S&P 500 via a fund (e.g., an inverse ETF), you want enough trading volume so that:
- Bid/ask spreads are tighter (lower transaction costs).
- You can enter and exit positions more easily, even in volatile markets.
- A minimum of $1M in average monthly dollar volume filters out thinly traded, obscure funds that might track poorly or be hard to trade.
themes = "Inverse Equities"
- Purpose: Focus the search on funds designed to move opposite to an equity index or equity market segment.
- Rationale:
- Your goal is to “short the S&P 500” using a ticker, which typically means using an inverse equity ETF rather than shorting individual stocks or futures directly.
- The “Inverse Equities” theme targets products that are constructed to rise when the underlying equity index (such as the S&P 500) falls, and vice versa.
- This is the most direct thematic match to your intent.
expense_ratio ≤ 1.0%
- Purpose: Limit the search to relatively cost-efficient products.
- Rationale:
- Inverse ETFs are often held for tactical or short- to medium-term trades, but ongoing fees still matter, especially if you hold longer than expected.
- Capping the expense ratio at 1.0% weeds out unusually expensive products that would eat into returns.
- This improves the chances that the recommended ticker is reasonably competitive on costs compared to similar inverse options.
Why Results Match Your Goal
- You want a single ticker to effectively short the S&P 500. In practice, this is commonly done with inverse equity ETFs that track the S&P 500 inversely.
- The Inverse Equities theme ensures we’re looking at the right kind of product (inverse equity exposure, potentially including S&P 500–focused funds).
- The liquidity filter (≥ $1M monthly dollar volume) helps ensure the ticker is practical to trade and more likely to track its target index efficiently.
- The expense ratio cap keeps the search focused on inverse products that are not excessively costly, aligning with a more sensible, risk-aware implementation of your idea to short the S&P 500 via a ticker.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.