ETF market
LargestHighest AUM growthHighest returnsBiggest losersEquityBitcoinEthereumGoldFixed incomeReal estateTotal marketCommoditiesAsset allocationInverseLeveragedMost tradedLargest inflowsLargest outflowsHighest discount to NAVHighest premium to NAVHighest yieldDividendMonthly distributionsHighest diversificationActively managedSectorHighest betaLowest betaNegative betaHighest expense ratioAll-time highAll-time low52-week high52-week lowETFs of the USAETFs of CanadaETFs of the United KingdomETFs of GermanyETFs of JapanETFs of AustraliaCreate more lists in Screener
LargestHighest AUM growthHighest returnsBiggest losersEquityBitcoinEthereumGoldFixed incomeReal estateTotal marketCommoditiesAsset allocationInverseLeveragedMost tradedLargest inflowsLargest outflowsHighest discount to NAVHighest premium to NAVHighest yieldDividendMonthly distributionsHighest diversificationActively managedSectorHighest betaLowest betaNegative betaHighest expense ratioAll-time highAll-time low52-week high52-week lowETFs of the USAETFs of CanadaETFs of the United KingdomETFs of GermanyETFs of JapanETFs of Australia
ETFs with negative beta
Many investors see assets with negative beta as a hedge against major market downturns. Below we gathered ETFs with the negative beta value: they're sorted by 3-year beta and supplied with other stats for a better analysis.
Symbol | Beta 3Y | Price | Change % | Vol * Price | Rel Volume | AUM | NAV total return 3Y | Expense ratio | Asset class | Focus |
|---|---|---|---|---|---|---|---|---|---|---|
 MAG7LEVERAGE SHARES PLC 5X LONG MAGNIFICENT 7 ETP 26/03/74 USD | −8.98 | 36.45 USD | +4.11% | 2.55 K USD | 0.00 | 13.41 M USD | +90.83% | 8.78% | Equity | Total market |
 488200KOSEF K-BATTERY AMERICA SUPPLY CHAIN | −8.39 | 8,400 KRW | +1.02% | 20.49 M KRW | 0.22 | 5.29 M USD | −16.69% | 0.49% | Equity | Theme |
 BTCLT-Rex 2X Long Bitcoin Daily Target ETF | −8.19 | 54.36 USD | +3.25% | 8.64 M USD | 0.83 | 31.87 M USD | +110.05% | 0.95% | Currency | Long Bitcoin, short USD |
 URAXTidal Trust II Defiance Daily Target 2x Long Uranium ETF | −6.68 | 17.44 USD | −3.39% | 185.44 K USD | 0.42 | 4.78 M USD | −9.79% | 0.95% | Equity | Theme |
 ETHTProShares Trust ProShares Ultra Ether ETF | −6.54 | 20.47 USD | −1.78% | 12.95 M USD | 0.73 | 102.15 M USD | −47.47% | 0.94% | Currency | Long Ether, short USD |
 ETHUVolatility Shares Trust 2x Ether ETF | −4.84 | 7.39 USD | −1.99% | 104.8 M USD | 0.89 | 361.37 M USD | −50.22% | 0.94% | Currency | Long Ether, short USD |
 SOXSDirexion Daily Semiconductor Bear 3x Shares | −4.84 | 24.63 USD | +2.75% | 872 M USD | 0.93 | 499.69 M USD | −93.52% | 1.03% | Equity | Information technology |
 CNFYInvesco Markets II plc - Invesco ChiNext 50 UCITS ETF Accum-ACC- Unhedged USD | −4.37 | 6.021 EUR | +1.01% | 1.69 K EUR | 0.09 | 2.43 M USD | +30.71% | 0.53% | Equity | Large cap |
| SETHProShares Short Ether ETF | −4.16 | 17.42 USD | +0.69% | 260.46 K USD | 0.31 | 3.56 M USD | −56.41% | 0.95% | Currency | Long USD, short Ether |
| URAADirexion Shares ETF Trust Direxion Daily Uranium Industry Bull 2X Shares | −4.12 | 25.69 USD | −3.99% | 358.73 K USD | 0.60 | 8.64 M USD | +4.47% | 1.44% | Equity | Theme |
| HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares | −4.02 | 18.79 USD | +0.48% | 2.33 M USD | 0.73 | 24.76 M USD | −76.25% | 1.09% | Equity | Large cap |
 BTCGrayscale Bitcoin Mini Trust (BTC) | −3.93 | 41.84 USD | +1.80% | 56.7 M USD | 0.32 | 3.33 B USD | +41.80% | 0.15% | Currency | Long Bitcoin, short USD |
| LLIQUIDSHRISHRIRAM - LIQUIDSHRI | −3.72 | 1,023.65 INR | +0.02% | 4.29 M INR | 0.42 | — | — | 1.00% | Fixed income | Broad credit |
 NVDGraniteShares 2x Short NVDA Daily ETF | −3.67 | 28.48 USD | +1.61% | 99.56 M USD | 1.67 | 75.56 M USD | −99.80% | 1.50% | Equity | Information technology |
| TECSDirexion Technology Bear 3X Shares | −3.59 | 49.26 USD | +0.20% | 44.32 M USD | 1.89 | 75.57 M USD | −98.34% | 1.10% | Equity | Information technology |
 AGMIThemes Silver Miners ETF | −3.57 | 28.21 USD | −2.33% | 3.3 K USD | 0.19 | 568.88 K USD | +15.14% | 0.35% | Equity | Materials |
| SSGProShares UltraShort Semiconductors | −3.54 | 27.78 USD | +3.46% | 1.41 M USD | 0.93 | 6.99 M USD | −93.85% | 0.95% | Equity | Information technology |
| UVIXVS TR 2x Long VIX Futures ETF | −3.51 | 4.09 USD | +6.79% | 210.85 M USD | 1.75 | 202.24 M USD | −99.49% | 2.19% | Alternatives | Volatility |
| SQQQProShares UltraPro Short QQQ | −3.51 | 33.72 USD | +0.09% | 1.81 B USD | 1.27 | 2.15 B USD | −75.30% | 0.95% | Equity | Large cap |
| WEBSDirexion Daily Dow Jones Internet Bear 3X Shares | −3.49 | 40.07 USD | −0.74% | 1.57 M USD | 0.61 | 16.01 M USD | −97.12% | 1.10% | Equity | Theme |
 ABGSECBIRLASLAMC - ABGSEC | −3.39 | 103.70 INR | −0.09% | 390.12 K INR | 6.47 | — | +3.30% | — | Fixed income | Broad credit |
| METDDirexion Daily META Bear 1X Shares | −3.27 | 20.74 USD | −0.72% | 264.33 K USD | 0.36 | 6.27 M USD | −13.12% | 1.07% | Equity | Communication services |
| DRVDirexion Daily Real Estate Bear 3X Shares | −3.26 | 25.17 USD | +0.56% | 2.89 M USD | 0.69 | 59.64 M USD | −34.58% | 1.10% | Equity | Real estate |
| TZADirexion Small Cap Bear 3X Shares | −3.25 | 11.59 USD | −0.34% | 399.5 M USD | 0.98 | 338.67 M USD | −50.67% | 1.04% | Equity | Small cap |
| SRTYProShares UltraPro Short Russell2000 | −3.24 | 17.10 USD | −0.47% | 62.35 M USD | 0.91 | 80.11 M USD | −52.52% | 0.95% | Equity | Small cap |
 ABNYTidal Trust II YieldMax ABNB Option Income Strategy ETF | −3.10 | 15.79 USD | +2.37% | 492.02 K USD | 1.05 | 19.39 M USD | −7.31% | 0.99% | Equity | Consumer discretionary |
| UVXYProShares Trust Ultra VIX Short Term Futures ETF | −3.09 | 23.07 USD | +5.01% | 349.58 M USD | 1.24 | 311.77 M USD | −97.30% | 0.95% | Alternatives | Volatility |
| SMDDUltraPro Short MidCap400 | −3.09 | 8.21 USD | −1.45% | 350.9 K USD | 1.91 | 2.99 M USD | −58.36% | 0.95% | Equity | Mid cap |
| AIBDDirexion Shares ETF Trust Direxion Daily AI and Big Data Bear 2X Shares | −2.98 | 16.97 USD | +0.19% | 1.1 K USD | 0.08 | 2.11 M USD | −29.88% | 1.07% | Equity | Theme |
| SPXUProShares UltraPro Short S&P500 | −2.95 | 22.50 USD | −0.09% | 225.47 M USD | 0.90 | 496.38 M USD | −62.37% | 0.89% | Equity | Large cap |
| SPXSDirexion Daily S&P 500 Bear 3X | −2.94 | 6.18 USD | −0.16% | 409.04 M USD | 1.15 | 383.82 M USD | −62.11% | 1.07% | Equity | Large cap |
 USEEISHARES US EQUITY ENHANCED ACTIVE UCITS ETF USD (ACC) | −2.87 | 5.5437 USD | +1.58% | 17 USD | 0.00 | 12.54 M USD | +8.90% | 0.20% | Equity | Total market |
 BITIBETAPRO INVERSE BITCOIN ETF SHS (CAD) | −2.83 | 3.12 CAD | −1.89% | 769.57 K CAD | 0.59 | 10.99 M USD | −65.59% | 4.94% | Currency | Long CAD, short Bitcoin |
| LABDDirexion Daily S&P Biotech Bear 3X Shares | −2.75 | 6.60 USD | −2.80% | 154.35 M USD | 0.90 | 60.16 M USD | −69.53% | 1.10% | Equity | Health care |
| 483020KOSEF AI MEDICAL TECHNOLOGY | −2.74 | 9,110 KRW | −5.89% | 252.45 M KRW | 1.23 | 5.24 M USD | −3.24% | 0.49% | Equity | Health care |
| NVDQETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF | −2.73 | 3.06 USD | +1.49% | 149.74 M USD | 1.39 | 60.07 M USD | −96.28% | 1.05% | Equity | Information technology |
| FAZDirexion Financial Bear 3X Shares | −2.73 | 5.96 USD | +0.85% | 69.68 M USD | 0.88 | 106.82 M USD | −66.39% | 1.08% | Equity | Financials |
 NVDSTradr 1.5X Short NVDA Daily ETF | −2.68 | 26.00 USD | +1.21% | 58.03 M USD | 1.87 | 45.28 M USD | −97.52% | 1.15% | Equity | Information technology |
| ETHGrayscale Ethereum Mini Trust (ETH) | −2.66 | 28.93 USD | −0.92% | 50.07 M USD | 0.44 | 1.31 B USD | −10.12% | 0.00% | Currency | Long Ether, short USD |
| ETHAiShares Ethereum Trust - iShares Ethereum Trust ETF | −2.63 | 23.30 USD | −1.06% | 150.45 M USD | 0.67 | 1.79 B USD | −10.38% | 0.12% | Currency | Long Ether, short USD |
 ETHWBitwise Ethereum ETF | −2.60 | 22.08 USD | −0.81% | 3.2 M USD | 0.38 | 354.63 M USD | −10.56% | 0.00% | Currency | Long Ether, short USD |
 EZETFranklin Ethereum ETF | −2.59 | 23.34 USD | −1.06% | 529.84 K USD | 0.33 | 39.08 M USD | −10.35% | 0.00% | Currency | Long Ether, short USD |
| QETHInvesco Galaxy Ethereum ETF | −2.59 | 30.68 USD | −1.10% | 206.17 K USD | 0.26 | 31.97 M USD | +26.83% | 0.25% | Currency | Long Ether, short USD |
 CETH21Shares Core Ethereum ETF | −2.58 | 15.36 USD | −0.97% | 1.41 M USD | 0.33 | 26.96 M USD | −10.56% | 0.00% | Currency | Long Ether, short USD |
 FETHFidelity Ethereum Fund | −2.58 | 30.73 USD | −1.00% | 22.75 M USD | 0.53 | 791.38 M USD | −11.70% | 0.00% | Currency | Long Ether, short USD |
 ETHVVanEck Ethereum ETF | −2.56 | 45.02 USD | −0.92% | 2.23 M USD | 0.23 | 110.69 M USD | +23.29% | 0.66% | Currency | Long Ether, short USD |
| AXEEISHARES ASIA EX JAPAN EQUITY ENHANCED ACTIVE UCITS ETF USD (ACC) | −2.54 | 5.0957 USD | −2.14% | 20 USD | 0.00 | 12.81 M USD | +1.91% | 0.30% | Equity | Total market |
 7552CSOP ASSET MANAGEMENT LTD HANG SENG TECH IDX DAILY -2X INV ETF HKD | −2.52 | 3.392 HKD | +2.29% | 650.46 M HKD | 0.74 | 286.86 M USD | −58.27% | 1.78% | Equity | Information technology |
| SDOWUltraPro Short Dow30 | −2.51 | 48.61 USD | −1.00% | 165.38 M USD | 0.95 | 277.06 M USD | −52.45% | 0.95% | Equity | Large cap |
| HREDBETAPRO EQL WGT CDN REIT 2X DLY BER ETF SHS | −2.49 | 13.42 CAD | +0.90% | 10.2 K CAD | 0.33 | 2.29 M USD | +11.36% | 2.57% | Equity | Real estate |
| HBKDBETAPRO EQL WGT CDN BK 2X DAI BEAR ETF SHS | −2.47 | 12.93 CAD | −0.69% | 0 CAD | 0.00 | 1.44 M USD | −31.96% | 2.36% | Equity | Financials |
| REWProShares UltraShort Technology | −2.45 | 10.51 USD | +0.29% | 177.59 K USD | 1.18 | 3.75 M USD | −58.77% | 0.95% | Equity | Information technology |
| QIDProShares UltraShort QQQ | −2.36 | 34.23 USD | +0.12% | 251.82 M USD | 1.65 | 221.66 M USD | −52.41% | 0.95% | Equity | Large cap |
 SX5E3SSG ETC EUSTOXX 50 -3X DAILY SHORT COLLAT | −2.35 | 0.5988 EUR | +0.89% | 24 EUR | 0.00 | 1.84 M USD | −60.93% | 0.69% | Equity | Large cap |
| SCCProShares UltraShort Consumer Discretionary | −2.33 | 10.34 USD | +0.80% | 11.09 K USD | 0.27 | 1.1 M USD | −35.28% | 0.95% | Equity | Consumer discretionary |
 BBUSBETAUSBEAR TMF UNITS | −2.32 | 4.38 AUD | +0.92% | 4.47 M AUD | 1.83 | 84.53 M USD | −44.43% | 0.19% | Equity | Large cap |
 TCH.F120TC.SHTA35 | −2.29 | 597.0 ILA | −0.48% | 8.72 M ILA | 0.08 | — | — | 0.63% | Equity | Large cap |
 1360SIMPLEX ASSET MANAGEMENT CO LTD NIKKEI 225 BEAR -2X ETF | −2.26 | 311.4 JPY | +1.96% | 10.22 B JPY | 0.77 | 240.88 M USD | −66.10% | 0.70% | Equity | Total market |
 1459RAKUTEN INVESTMENT NIKKEI 225 DOUBLE INVERSE INDEX ETF | −2.26 | 511 JPY | +2.00% | 3.99 B JPY | 0.57 | — | — | 0.35% | Equity | Total market |
 1357NOMURA ASSET MANAGEMENT CO LTD NXT FNDS NIKK 225 DOUBLE INVERSE IDX ETF | −2.25 | 127 JPY | +2.42% | 3.57 B JPY | 0.53 | 662.69 M USD | −66.26% | 0.80% | Fixed income | Broad credit |
| AMDSGraniteShares 1x Short AMD Daily ETF | −2.24 | 14.04 USD | +1.31% | 232.98 K USD | 0.38 | 2.63 M USD | −38.22% | 1.15% | Equity | Information technology |
 DXAUDYNAMIC ACTIVE GLOBAL GOLD ETF UNIT | −2.24 | 24.30 CAD | −0.21% | 94.77 K CAD | 4.74 | 49.61 M USD | +21.59% | — | Equity | Materials |
| HQDBETAPRO NSDQ 100 2X DLY BR NEW ETF SHS CAD (POST REV SPLT) | −2.23 | 10.82 CAD | +0.19% | 28.1 M CAD | 3.28 | 36.15 M USD | −51.21% | 2.33% | Equity | Large cap |
| BBOZBETA SBEAR TMF UNITS | −2.22 | 25.28 AUD | +0.28% | 3.94 M AUD | 0.52 | 199.74 M USD | −40.44% | 1.38% | Equity | Large cap |
 1366DAIWA ASSET MANAGEMENT IFREEETF NIKKEI225 DOUBLE INVERSE INDEX | −2.21 | 318 JPY | +1.60% | 334.04 M JPY | 0.89 | 42.35 M USD | −67.48% | 0.75% | Equity | Total market |
 610067MERITZ BLOOMBERG 2X NG FUTURES ETN(H) B | −2.20 | 4,920 KRW | +16.17% | 789.54 M KRW | 3.01 | — | — | 0.55% | Commodities | Natural gas |
| SRSProShares UltraShort Real Estate | −2.19 | 47.07 USD | +0.41% | 893.62 K USD | 0.95 | 25.46 M USD | −8.61% | 0.95% | Equity | Real estate |
| SMNProShares UltraShort Materials | −2.19 | 14.04 USD | −1.86% | 197.12 K USD | 2.96 | 782.05 K USD | −34.43% | 0.95% | Equity | Materials |
 484790KODEX US TREASURY 20+ YR BOND ACTIVE(H) | −2.18 | 9,460 KRW | +0.21% | 1.44 B KRW | 0.24 | 212.18 M USD | −5.31% | 0.02% | Fixed income | Investment grade |
| TWMProShares UltraShort Russell2000 | −2.18 | 41.65 USD | −0.07% | 8.7 M USD | 0.41 | 53.09 M USD | −26.77% | 0.95% | Equity | Small cap |
 483330ACE MICROSOFT VALUE CHAIN ACTIVE | −2.18 | 11,605 KRW | +0.04% | 1.34 B KRW | 0.52 | — | — | 0.45% | Equity | Theme |
| EDZDirexion Emerging Markets Bear 3X Shares | −2.17 | 8.59 USD | +0.47% | 1.77 M USD | 0.87 | 18.4 M USD | +1.22% | 1.10% | Equity | Total market |
| HFDBETAPRO S&P TSX CPD FINA 2X DLY BR ETF SHS NEW (POST REV SPLT) | −2.15 | 6.32 CAD | +0.08% | 16.59 K CAD | 0.14 | 5.9 M USD | −40.55% | 2.17% | Equity | Financials |
| VIXYProShares Trust VIX Short-Term Futures ETF | −2.15 | 47.32 USD | +3.32% | 62.2 M USD | 1.00 | 156.93 M USD | −86.85% | 0.85% | Alternatives | Volatility |
| HSDBETAPRO S&P500 2X DAILY BEARNEW SHS ETF (POST REV SPLT) | −2.14 | 15.46 CAD | +0.13% | 6.62 M CAD | 0.94 | 36.91 M USD | −41.14% | 2.37% | Equity | Large cap |
| LMBODirexion Shares ETF Trust Direxion Daily Crypto Industry Bull 2X Shares | −2.13 | 28.22 USD | +0.71% | 338.47 K USD | 0.75 | 4.91 M USD | +18.94% | 1.07% | Equity | Theme |
| SPX3SSG ETN DAILY SHORT -3X S&P 500 | −2.11 | 6.347 EUR | +0.41% | 0 EUR | 0.00 | — | — | 0.04% | Equity | Large cap |
| SIJProShares UltraShort Industrials | −2.10 | 7.71 USD | −0.15% | 5.72 K USD | 0.12 | 1.27 M USD | −38.62% | 0.95% | Equity | Industrials |
| RAM3SSG ETC DAILY SHORT -3X COPPER FUTURE | −2.10 | 19.075 EUR | −0.59% | 0 EUR | 0.00 | — | — | 0.04% | Commodities | Copper |
| MZZProShares UltraShort MidCap400 | −2.09 | 9.22 USD | −0.97% | 38.01 K USD | 0.91 | 1.06 M USD | −33.21% | 0.95% | Equity | Mid cap |
| SDDProShares UltraShort SmallCap600 | −2.08 | 14.31 USD | +0.11% | 10.99 K USD | 0.31 | 1.64 M USD | −27.49% | 0.95% | Equity | Small cap |
| 483320ACE NVIDIA VALUE CHAIN ACTIVE | −2.08 | 9,425 KRW | −0.48% | 11.78 B KRW | 1.40 | — | — | 0.45% | Equity | Theme |
 3GISWISDOMTREE MULTI ASSET ISSUER PLC WISDOMTREE GILTS 10Y 3X DAILY SHORT | −2.05 | 6,527 GBX | +0.77% | 26.11 K GBX | 0.10 | 8.38 M USD | +79.05% | 0.30% | Fixed income | Investment grade |
| HUVBETAPRO S&P 500 VIX ST TM FT ETF NEW(POST REV SPLIT) | −2.03 | 8.54 CAD | +4.02% | 4.09 M CAD | 1.98 | 16.51 M USD | −86.05% | 1.45% | Alternatives | Volatility |
| 253230KOSEF 200 FUTURES INVERSE 2X | −2.02 | 2,445 KRW | −0.61% | 323.62 M KRW | 1.31 | 4.95 M USD | +14.39% | 0.46% | Equity | Large cap |
 252710TIGER 200 FUTURES INVERSE 2X | −2.02 | 2,585 KRW | 0.00% | 15.6 B KRW | 0.68 | 51.13 M USD | +14.89% | 0.09% | Equity | Large cap |
| 252670KODEX 200 FUTURES INVERSE 2X | −2.01 | 2,440 KRW | −0.20% | 292.39 B KRW | 0.76 | 849.95 M USD | +13.09% | 0.64% | Equity | Large cap |
| EMEEISHARES EMERGING MARKETS EQUITY ENHANCED ACTIVE UCITS ETF USD (ACC) | −2.01 | 5.2100 USD | −0.13% | 2.87 K USD | 0.25 | 11.42 M USD | +5.44% | 0.30% | Equity | Total market |
 253160PLUS 200 FUTURES INVERSE 2X | −2.00 | 4,990 KRW | −0.40% | 16.84 M KRW | 0.16 | 5.34 M USD | +15.17% | 0.06% | Equity | Large cap |
 252420RISE 200 FUTURES INVERSE 2X | −1.99 | 2,455 KRW | −0.20% | 402.59 M KRW | 0.93 | 150.52 K USD | +13.56% | 0.60% | Equity | Large cap |
| 7588CSOP ASSET MANAGEMENT LTD HANG SENG CHINA ENT IDX DLY -2X INV ETF | −1.99 | 3.066 HKD | +1.32% | 2.25 M HKD | 0.35 | 6.27 M USD | −39.63% | 3.00% | Equity | Large cap |
| QGRWWisdomTree US Quality Growth UCITS ETF | −1.98 | 28.625 EUR | +0.05% | 13.05 K EUR | 1.35 | — | — | 0.35% | Equity | Large cap |
| SDSProShares UltraShort S&P500 | −1.98 | 19.74 USD | −0.05% | 238.92 M USD | 0.93 | 417.77 M USD | −41.09% | 0.89% | Equity | Large cap |
| HXDBETAPRO S&P TSX 60 2X DLY BR ETF NE SHS ETF(POST REV SPLT) | −1.97 | 4.66 CAD | 0.00% | 564.31 K CAD | 0.48 | 16.04 M USD | −30.93% | 2.21% | Equity | Large cap |
| NGA3LSG ETC DAILY LONG +3X NATURAL GAS FUTURE | −1.96 | 0.1051 EUR | +15.37% | 183.09 K EUR | 1.33 | 3.81 M USD | −99.96% | — | Commodities | Natural gas |
| EPVProShares UltraShort FTSE Europe ETF | −1.93 | 41.46 USD | +1.12% | 573.39 K USD | 0.38 | 22.6 M USD | −23.89% | 0.95% | Equity | Total market |
| BITUProShares Trust ProShares Ultra Bitcoin ETF | −1.93 | 53.64 USD | +3.67% | 188.09 M USD | 0.65 | 1.07 B USD | +45.25% | 0.95% | Currency | Long Bitcoin, short USD |
 DBPDXtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C | −1.93 | 0.8728 EUR | +0.63% | 2.88 M EUR | 0.99 | 123.81 M USD | −34.12% | 0.60% | Equity | Large cap |
| 465350RISE SECONDARY CELL TOP10 INV(SYNTH) | −1.92 | 31,685 KRW | −2.58% | 12.5 B KRW | 0.58 | — | — | 0.49% | Equity | Theme |
| TCH.F99TC.SHORT*2TA35 | −1.92 | 142.4 ILA | +0.56% | 71.2 K ILA | 0.00 | — | — | — | Equity | Large cap |