I tend to agree - the issue with this etf that I have is that the etf level does not correlate with an asx level and it seems to diverge over time. If ppl are hoping to profit from a crash, one would know when the crash would happen as the divergence of BBOZ with the asx200 increases over time and ppl loose their money. It would be good if BBOZ had a direct correlation with the asx200 ie $8 BBOZ = 5500 asx200 therefore a 100% gain in BBOZ would be equal to a 50% loss in asx 200 ie $16 BBOZ = 2250 but it doesn't work this way, moreover the higher the asx200 goes, the greater the divergence (even the direct correlation relationship is problematic as one has to ask what is the floor for BBOZ ie at what level is the asx 200 when BBOZ is close to 0). If the asx200 continues to increase, the higher the likelyhood investors will be losing their money on this ETF if they expecting ANY inverse relationship with the asx 200. In fact there's a high likelyhood they wlll loose everything
