Global X Ultra Short Nasdaq 100 Hedge Fund (ASX:SNAS)

The Global X Ultra Short Nasdaq 100 Hedge Fund (ASX: SNAS) is an ETF designed for trading, since it provides a negative (or ‘inverse’ or ‘opposite’) exposure to the popular Nasdaq-100 index.

SNAS ETF review

SNAS share price and fees


share price:

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$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
Range: 1 mth | 3 mths | 6 mths | 1 yr | 2 yrs | 5 yrs | 10 yrs

ETF share prices are updated using end of day data from the ASX. FUM, fee and spread data is updated monthly, with a delay. Refer to the ETF’s PDS and the ASX website for up-to-date information.

SNAS fees

ASX ticker code: SNAS
Yearly fee (MER): 1.00%
FUM: $34.24 million
Monthly spread: 0.27%
Data Last Updated: July 2022

Analyst report

This ETF does not (yet) have an analyst report or rating available. If you would like to request our analyst team cover this ETF, please get in contact with us.

SNAS performance

This chart shows the yearly performance of the chosen ETF to key asset classes of Aussie shares (ASX: VAS) and US shares (ASX: IVV). You can use this chart to visualise how the ETF responds to different market environments. We recommend using a 5+ year time horizon for comparisons. The chart compares price return only.

Fee comparison

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SNAS yearly fee (MER)
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Sector average fee (MER)

What does the SNAS ASX ETF invest in?

SNAS is an hedge fund ETF designed for making short-term trades on the direction of the NASDAQ 100 index. It’s effectively an index fund that adds leverage or ‘gearing’ and short selling so that a 1% fall in the NASDAQ 100 index causes a 2% to 2.75% rise in the LNAS ETF (less fees and costs). The opposite is also true. For example, the SNAS ETF can (and will) move in the opposite directions and result in larger losses for investors if the NASDAQ 100 index rises.

What do investors use the SNAS ETF for?

The SNAS ETF could be used by investors who are seeking to add short exposure to their portfolio and are willing to accept the higher risks associated with that. There are particular risks associated with geared ETFs that your financial adviser can (and should) explain to you before investing.

How to buy the SNAS ETF

Did you know: You can invest in any ASX-listed ETF for $6.50 (or less)?

To invest in any ASX ETF, you need to use a brokerage account. For Australian investors, Australian Pearler has partnered with Best ETFs to bring you easy, effective, long-term ETF investing. You can invest in ETFs on Pearler for just $6.50! And some ETFs can be purchased for $0 (conditions apply).

SNAS investor starter pack

SNAS PDS

The Product Disclosure Statement (PDS) explains the fees, tax status and some of the risks.

SNAS literature

We’ve asked the ETF provider to share their best whitepapers & research with you.

SNAS holdings

The Best ETFs team occasionally upload the ETF’s latest investments, so you see what’s inside the ETF.

ASX: SNAS’s dividend 2021

SNAS dividend yield

Last 12m yield: 0.00%

When does SNAS pay a dividend?

SNAS dividend reinvestment plan (DRP)

Warnings we apply to the SNAS ETF

SNAS tax domicile

SNAS ETF registry

International shares sector data

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Sector average return (1Y)
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How SNAS compares:

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1Y return
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Sector information is recorded based on the last 12-month returns to July 2022. Refer to the Issuer’s website, speak to your financial adviser and always the fund’s Product Disclosure Statement (PDS) before choosing an ETF for its dividend yield, past returns or fees. Past performance can be a poor indicator of future performance. 

Latest ETF News

ASX: SNAS technical analysis

The Best ETFs technical analysis chart pack shows the 12-month share price movements, Stochastic bands and traded volume (for both up and down days). This chart uses end-of-day data, so it’s for illustrative purposes only.

*The warnings on this page are applied by our ETF research team. Please know that these warnings are based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.

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