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MegaShort (-3X) S&P 500 Daily Leveraged Alternative ETF SPYD.TO

Is MegaShort (-3X) S&P 500 Daily Leveraged Alternative ETF Halal?

Shariah Compliance Analysis of SPYD.TO ETF

No. As of October 2026, MegaShort (-3X) S&P 500 Daily Leveraged Alternative ETF (SPYD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

SPYD.TO was created on 2025-05-22 by LongPoint. The fund's investment portfolio concentrates primarily on large cap equity. SPYD.TO provides -3x leveraged inverse daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. The fund does not hedge the USD currency exposure.

SPYD.TO Shariah Compliance

As of October 2026, MegaShort (-3X) S&P 500 Daily Leveraged Alternative ETF is classified as not halal.

NOT HALAL

MegaShort (-3X) S&P 500 Daily Leveraged Alternative ETF (SPYD.TO) Chart

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