This is an inverse fund — engineered to move opposite its benchmark each day — so a persistently LOW relative-strength percentile is structural (by design) in a rising market, not a sign of weakness. Read the rank as “how it is tracking its inverse mandate”, not as a verdict on the fund.
Relative strength vs SPY
0 = weakest vs SPY in its trailing year · 50 = middle · 100 = strongest
A relative-strength percentile ranks how the fund has done against the S&P 500 (SPY) lately, compared with its OWN past year. Each day we take the fund’s price divided by SPY’s and ask: where does today’s ratio sit within the last ~250 trading days of that same ratio? 100 means this is about the strongest the fund has been relative to SPY all year; 0 means the weakest; 50 is middle-of-the-pack. It is a rank, not a price and not a return — it says nothing about how much money was made, only where recent relative performance falls within its own one-year range.
Latest reading 5.2 on 2026-07-16. Across 2271 ranked sessions it has ranged from 0.4 to 100.0 (0–100 percentile).
Volatility percentile
0 = calmest in its history · 50 = middle · 100 = most volatile
A volatility percentile ranks how choppy the fund’s recent moves have been against its own history. We measure the size of its day-to-day swings over the last 20 sessions, then ask where that sits within everything we’ve seen for this fund. 100 means unusually turbulent for this fund; 0 means unusually calm. Again it is a rank, not a price — a high reading is not good or bad on its own, just relatively active.
Latest reading 46.4 on 2026-07-16. Across 2251 ranked sessions it has ranged from 0.4 to 100.0 (0–100 percentile).
Descriptive market-environment context — not buy/sell signals. Percentile ranks only; no prices, no targets, no recommendations.
Inspired by the Steve Eisman × Todd Sohn conversation “The Market’s Biggest Warning Signs Right Now” (The Real Eisman Playbook, Ep 66). The relative-strength and volatility ranks here are an independent re-derivation from Schwab splits-only closes; not affiliated with or endorsed by the podcast, its participants, or Strategas. Full sources & credit on the ETF dashboard.