WHAT TICKER DO I BUY T SHORT THE S&P

Screening Filters

1. 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.

2. 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.

3. 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.