Glossary

Leveraged ETF

An ETF that aims to deliver a multiple of an index's return, usually for a single day.

Comparison After +10% and −10%, the index ends at 990, a 2x daily ETF at 960 and an inverse ETF at 990. Index +10%, −10% 1,000 → 990 2x daily +20%, −20% 1,000 → 960 −1x daily −10%, +10% 1,000 → 990

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