What are the names and symbols of some "stocks" that mirror the major indexes as they drop (go short)?
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I want to know what "stocks" take advantage of a drop in the various stock indexes. In the opposite way that "SPYDERS" (SPY) mirrors the S&P going higher and 'QQQ' mirrors the Nasdaq index. What are the symbols for the S&P 500, Dow Jones Industrials and Nasdaq index that mirrors those indexes when they are dropping in price? I am not looking for "defensive" stocks, but those that actually go "short" the major stock indexes. I am also not interested in any mutual funds that negatively mirror stock indexes. Thanks for your help. . .
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Answer:
SDS is the ProShares S&P 500 short ETF QID is the one for the Nasdaq. Google 'Proshares' and you'll find the rest of them. They have them for most major indices.
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Other answers
Proshares offers traditional inverse ETFs (-1x the index's return) and leveraged inverse ETFs (-2x the index's return). SDS, QID, and DXD are the three primary leveraged inverse ETFs for the S&P 500, Nasdaq, and Dow respectively. SH, PSQ, and DOG are the traditional inverse ETFs. Hope this helps.
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