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ETF Short strategy
TER
0.60% p.a.
Distribution policy
Accumulating
Replication
Synthetic
Fund size
EUR 35 m
Inception Date
14 December 2015
Overview
Description
Der Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc bildet den MSCI USA Short Index nach. Der MSCI USA Short Index bildet bildet die inverse Wertentwicklung des MSCI USA Index auf täglicher Basis ab. Der MSCI USA Index bietet Zugang zu den größten und umsatzstärksten Unternehmen des US-Aktienmarktes.
Documents
Chart
Basics
Data
| Index | MSCI USA Short |
| Investment focus | Aktien, USA |
| Fund size | EUR 35 m |
| Total expense ratio | 0,60% p.a. |
| Replication | Synthetic (Unfunded swap) |
| Legal structure | ETF |
| Strategy risk | Short |
| Sustainability | Nein |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | 19,76% |
| Inception/ Listing Date | 14. Dezember 2015 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Luxemburg |
| Fund Provider | Amundi ETF |
| Fund Structure | Company With Variable Capital (SICAV) |
| UCITS compliance | Yes |
| Administrator | SOCIETE GENERALE LUXEMBOURG |
| Investment Advisor | |
| Custodian Bank | Societe Generale Luxembourg |
| Revision Company | DELOITTE |
| Fiscal Year End | 31. Dezember |
| Swiss representative | Société Générale, Paris, Zweigniederlassung Zürich |
| Swiss paying agent | Société Générale, Paris, Zweigniederlassung Zürich |
| Germany | 30% Teilfreistellung |
| Switzerland | ESTV Reporting |
| Austria | Meldefonds |
| UK | UK Reporting |
| Indextype | Total return index |
| Swap counterparty | Société Générale |
| Collateral manager | |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc.
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How do you like our ETF profile? Here you'll find our Questionnaire.
ETF Savings plan offers
Hier findest du Informationen zu den aktuell verfügbaren Sparplan-Angeboten für diesen ETF. Mithilfe der Tabelle kannst du alle Sparplan-Angebote für die gewählte Sparrate vergleichen.
Select your savings amount:
| Broker | Rating | Execution fee | Account fee | |
|---|---|---|---|---|
 | 0,00 € | 0,00 € | View offer** | |
 | 0,00 € | 0,00 € | View offer* | |
 | 0,00 € | 0,00 € | View offer* | |
 | 0,00 € | 0,00 € | View offer* | |
 | 0,00 € | 0,00 € | View offer* |
Detailed comparison of all offers
Source: justETF Research; as of 3/2026. The offers are sorted in the following way: 1. Rating 2. Execution fee 3. Number of ETF savings plans. In addition to the fees charged by online brokers, additional costs may apply. The stated fees are thus exclusive of standard market spreads, commissions, product costs and third-party fees. Please note: No guarantee can be given for the completeness, correctness and accuracy of the content listed. The information on the online brokers' homepages is decisive. Investments in securities involve risks.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
Order fees
Hier findest du Informationen zu verschiedenen Brokern, bei denen du ETFs handeln kannst. Wähle den gewünschten Orderbetrag aus, um die dabei anfallenden Gebühren bei den einzelnen Brokern zu vergleichen.
Order volume:
| Broker | Rating | Ordergebühr | ETF-Sparpläne | |
|---|---|---|---|---|
| | 0,00 € | 3043 | View offer** | |
| | 0,00 € | 2617 | View offer* | |
 | 0,00 € | 1871 | View offer* | |
 | 0,00 € | 2280 | View offer* | |
| | 1,00 € | 2636 | View offer* |
Source: justETF Research; as of 3/2026. The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans. In addition to the fees charged by online brokers, additional costs may apply. The stated fees are thus exclusive of standard market spreads, commissions, product costs and third-party fees. Please note: No guarantee can be given for the completeness, correctness and accuracy of the content listed. The information on the online brokers' homepages is decisive. Investments in securities involve risks.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
Performance
Returns overview
| YTD | +6.98% |
| 1 month | +6.98% |
| 3 months | +6.98% |
| 6 months | +4.62% |
| 1 year | -18.21% |
| 3 years | -52.16% |
| 5 years | -54.77% |
| Since inception (MAX) | -94.28% |
| 2025 | -20.94% |
| 2024 | -15.96% |
| 2023 | -33.18% |
| 2022 | +39.75% |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 20.20% |
| Volatility 3 years | 21.62% |
| Volatility 5 years | 30.74% |
| Return per risk 1 year | -0.78 |
| Return per risk 3 years | -1.03 |
| Return per risk 5 years | -0.47 |
| Maximum drawdown 1 year | -31.49% |
| Maximum drawdown 3 years | -57.48% |
| Maximum drawdown 5 years | -67.31% |
| Maximum drawdown since inception | -95.04% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| gettex | EUR | VOON | - - | - - | - |
| Borsa Italiana | EUR | SPX2S | Société Générale | ||
| Borsa Italiana | EUR | - | SPX2S IM DSP5IV | SPX2S.MI DSP5INAV=SOLA | Societe Generale Corporate and Investment Banking |
| Euronext Paris | EUR | DSP5 | DSP5 FP DSP5IV | DSP5.PA DSP5INAV=SOLA | Societe Generale Corporate and Investment Banking |
| XETRA | EUR | VOON | VOON GY DSP5IV | VOON.DE DSP5INAV=SOLA | Societe Generale Corporate and Investment Banking |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 421 | 0.60% p.a. | Accumulating | Swap-based |
| Leverage Shares 3x Tesla ETP | 186 | 0.75% p.a. | Accumulating | Swap-based |
| Xtrackers S&P 500 Inverse Daily Swap UCITS ETF 1C | 166 | 0.50% p.a. | Accumulating | Swap-based |
| WisdomTree NASDAQ 100 3x Daily Short | 106 | 0.80% p.a. | Accumulating | Swap-based |
| Leverage Shares 3x NVIDIA ETP | 87 | 0.75% p.a. | Accumulating | Swap-based |
Latest articles
Frequently asked questions
What is the name of VOON?
The name of VOON is Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc.
What is the ticker of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc?
The primary ticker of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc is VOON.
What is the ISIN of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc?
The ISIN of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc is LU1327051279.
What are the costs of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc?
The total expense ratio (TER) of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc amounts to 0,60% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc paying dividends?
Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc?
The fund size of Amundi MSCI USA Daily (-1x) Inverse UCITS ETF Acc is 30m GBP. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.