I have done some of my own research. It is just simple math that this will not track the market at 3X over any significant period of time. However, I haven't seen a lot of research. For example, it would be nice to see over every 10 year period from 1900 to today, what the median difference is.I did some testing and found ,using daily data from 1960 to present, that the return had you invested and returned 3X the index, not counting expenses, would have only marginally beat a S&P 500 fund.It would be nice if they offered a fund that rebalanced to try and return closer to 3X the index over long periods of time. I would imagine the expense of rebalancing could impact the total return too much. Possible rebalancing on a basis other than daily would work.
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