# Amundi ShortDAX Daily (-2x) Inverse UCITS ETF (0MS5) **Page:** https://fundology.uk/fund/0ms5 · ISIN FR0010869495 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, 0MS5 (Amundi ShortDAX Daily (-2x) Inverse UCITS ETF, ISIN FR0010869495) closed at €0.441 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its total return was −68.4%, or −75.4% after UK CPIH inflation. ## Summary Amundi ShortDAX Daily (-2x) Inverse UCITS ETF is an exchange-traded fund (ETF) from Amundi, launched in 2010. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.6% a year — about £60 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. > **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started. Latest close: **€0.441** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0MS5 | | ISIN | FR0010869495 | | Also listed as | LYQL (Xetra, euros) | | Category | Leveraged & inverse | | Type | ETF | | Provider | Amundi | | Tracks | ShortDax x2 Index - EUR | | Income | Accumulating | | Ongoing charge | 0.60% a year (£60 per £10,000) | | Fund size | £19.0m | | Launched | 2010 | | Domicile | France | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/04/2018 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -21.98% | -24.75% | income reinvested | | 3 years | -65.68% | -68.99% | income reinvested | | 5 years | -68.43% | -75.36% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF in pounds (price, with income reinvested in the fund): 2021 −36.1%, 2022 +17.5%, 2023 −29.5%, 2024 −27.8%. Returns of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −11.2%; to 30/09/2025: −32.3%; to 30/09/2024: −36.5%; to 30/09/2023: −38.5%; to 30/09/2022: +37.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2021 | -36.1% | -39.1% | Price | | 2022 | +17.5% | +7.5% | Price | | 2023 | -29.5% | -32.3% | Price | | 2024 | -27.8% | -30.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 34.42% | -33.44% | | 3 years | 33.34% | -67.09% | | 5 years | 34.91% | -79.54% | ## Largest fall Volatility of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 34.4% over 1 year, 33.3% over 3 years, 34.9% over 5 years. Largest fall in the price of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF since November 2021, in pounds: −79.5% from 30/09/2022 to 13/11/2026. The lowest 12-month return of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF in pounds (price, with income reinvested in the fund) since November 2020 was −46.3% (12 months to 08/08/2025); the highest was +37.7% (12 months to 23/09/2022). On 13/11/2026 the price of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF was 79.5% below its highest weekly close since November 2021 (30/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.60%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 0MS5 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Coca-Cola | [KO](https://fundology.uk/stock/KO) | 9.33% | | 2 | Newmont | [NEM](https://fundology.uk/stock/NEM) | 8.85% | | 3 | Bank of America | [BAC](https://fundology.uk/stock/BAC) | 8.64% | | 4 | Aegon | [AGN](https://fundology.uk/stock/AGN) | 6.56% | | 5 | Gilead Sciences | [GILD](https://fundology.uk/stock/GILD) | 5.25% | | 6 | DTE Energy | [DTE](https://fundology.uk/stock/NYSE:DTE) | 4.55% | | 7 | Walt Disney | [DIS](https://fundology.uk/stock/DIS) | 4.54% | | 8 | Johnson & Johnson | [JNJ](https://fundology.uk/stock/JNJ) | 4.52% | | 9 | Merck | [MRK](https://fundology.uk/stock/MRK) | 4.43% | | 10 | McDonald's | [MCD](https://fundology.uk/stock/MCD) | 4.41% | The 25 holdings on record (of 27 reported): https://fundology.uk/fund/0ms5/holdings ## Questions people ask **What is the ongoing charge of 0MS5?** The ongoing charge of 0MS5 is 0.60% a year — about £60 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Amundi ShortDAX Daily (-2x) Inverse UCITS ETF 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once). **What does 0MS5 track?** 0MS5 tracks the ShortDax x2 Index - EUR. **Is 0MS5 accumulating or distributing?** 0MS5 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 0MS5?** The ISIN of 0MS5 is FR0010869495. An ISIN identifies one exact share class of a fund; 0MS5 is its ticker on the London Stock Exchange. The same share class is also listed as LYQL (Xetra, euros). **What does 0MS5 hold?** 0MS5 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were 0MS5’s returns in each of the last five years?** Calendar-year returns of 0MS5 in pounds (price, with income reinvested in the fund): 2021 −36.1%, 2022 +17.5%, 2023 −29.5%, 2024 −27.8%. Past performance is not a guide to future returns. **How has 0MS5 done after inflation?** Over the five years to 13/11/2026 0MS5’s total return was −68.4%, or −75.4% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/equity/amundi-shortdax-daily-2x-inverse-ucits-etf-acc/fr0010869495) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.