The quoted leverages exclude the ETF managers fees that are higher for hedged & leveraged ETFs, so if an index goes up & then back down to the same level you lose out more on a leveraged / hedged fund than a straight ETF.
I held LNAS over a 10 mnth period & made 65.3%, over the same period the NASDAQ went up 51.9%.
So a theoretical leverage of 2-2.5x actually delivered 1.26x.
So I'd skip leveraged ETFs & stick to straight ETFs., NDQ would be my choice.
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