Lonelypumpkins on Nostr: Leveraged exchange products like this aim to return some multiple of an underlying's ...

Leveraged exchange products like this aim to return some multiple of an underlying's DAILY return. If held longer than one day, they're subject to volatility drag.

Try charting a 2x S&P500 ETF against SPY over a period when SPY was flat.

FAFO

quoting note1x2w…2ldt

https://bitbo.io/news/sec-approves-microstrategy-leveraged-etf/

lol...why?