BetaPro S&P 500 Daily Inverse ETF
SPXI.TO
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ROIC.AI
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- BetaPro S&P 500 Daily Inverse ETF (SPXI.TO) is an exchange-traded fund that seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, corresponding to one times (100%) the inverse (opposite) of the daily performance of the S&P 500 Index; it does not seek to achieve its investment objective over periods greater than one day. Launched on February 3, 2010, and managed by Global X Investments Canada Inc., a subsidiary of Mirae Asset Global Investments based in Toronto, Ontario, the ETF provides investors with inverse exposure to large-cap U.S. equities through derivatives such as forward agreements, enabling short strategies without requiring a margin account; it is listed on the Toronto Stock Exchange, denominated in Canadian dollars, and seeks to hedge U.S. dollar portfolio value to the Canadian dollar. The fund targets tactical traders and portfolio hedgers exposed to the U.S. stock market's large-cap segment across diversified sectors including information technology, financials, and communication services, with net assets of approximately CAD 23.6 million as of December 16, 2025. In January 2025, the ETF's ticker symbol changed from HIU.TO to SPXI.TO as part of a broader rebranding initiative by Global X Investments Canada Inc. (formerly Horizons ETFs) to update symbols for multiple BetaPro ETFs, enhancing identifiability for their exposures while preserving investment objectives, strategies, and CUSIP numbers. This followed Global X's expansion of the BetaPro suite in September 2025 with Canada's first 3x leveraged and inverse ETFs on the Russell 2000 Index, along with -1x, 2x, and -2x Nasdaq-100 products, and a temporary management fee rebate to 0.65% on all 3x and -3x BetaPro ETFs through year-end 2025. The BetaPro family, Canada's largest suite of leveraged, inverse, and inverse leveraged ETFs, continues to operate under dedicated branding at betapro.ca, supported by the manager's over CAD 38 billion in assets under management across 134 ETFs.