SKF Revealed as the Most Volatile Financial Crisis ETF

The SKF has been an extremely volatile ETF throughout 2008 and here in early 2009 because of the extreme volatility surrounding the market and more importantly the Financials. So much news is being delivered each day causing investors to bet heavily on the future of the Financials sector.

SKF is the Proshares Ultrashort Financials. More simply it is the double inverse of the Financial index so when Financials fall 1% this ETF is going up 2% (relatively speaking).

The SKF has had a staggering 11 moves of 50% or more over the last year and a half making it the most volatile ETF of the Financial Crisis to date. Talk about a roller coaster ride. Chart and numbers below:

  1. $71.56 to $146.93 = +105%
  2. $92.40 to $150.10 = +62%
  3. $89.47 to $211.75 = +134%
  4. $211.75 to $96.40 = -55%
  5. $96.40 to $154.77 = +61%
  6. $87 to $205.35 = +136%
  7. $105.66 to $185.46 = +76%
  8. $110.23 to $303.82 = +176%
  9. $303.82 to $100 = -67%
  10. $99.55 to $200 = +101%
  11. $120 to $198.93 = +66%

skf

For investors that purchased SKF in early October 2007 before the crisis begain at a price of $71.56 are today up +178% as the ETF closed at $198.93. Note though this is looking through the rear view mirror with perfect 20/20 vision.

Further ETF Reading:

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