Global X Hang Seng Index Daily (-1x) Inverse Product (Stock Code: 7336)

Tracking Difference / Tracking Error

Tracking Difference (Daily TD)

* Daily TD is the difference between the daily return of an Inverse Product and the daily opposite return of the underlying index.

Tracking Error (TE)

* Tracking error measures how consistently an Inverse Product delivers the opposite return of the underlying index. It is the volatility (measured by standard deviation) of that daily return difference.

Tracking Error

Rolling 1 Year TE^[1]: {{teval}}

Tracking Difference

{{tdtedate}}
Product Listing Date 14 Mar 2017

Rolling 1 year actual average daily TD: {{tdval }}

Actual average daily TD for the calendar year 2019: -0.01%

Actual average daily TD for the calendar year 2018: -0.01%

Graphs for Tracking Differences

* The Fund's performance is calculated on an NAV to NAV basis without any reinvestment of distributions.

Graph (a) - Daily return of the Inverse Product and the daily opposite return of the underlying index

Graph (b) - Actual daily tracking difference

[1]: TE is measured by the standard deviation of the daily TD. The standard deviation is calculated based on the daily TD over the rolling one year period.

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