No. of Recommendations: 1
The fund is only trying to double BRK.B's return for a single day. Investors who hold the ETF for more than one day may get a return that is more, or less, than double the return of the stock over the same period.
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Hence the warning in the prospectus that "investors should not plan to hold shares of the Fund unmonitored for periods longer than a single trading day."
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"designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies."Yet there is this:
testfol.io: Portfolio Backtester for ETFs and Asset AllocationOf course, it helps that this period was a long bull market.
B&H 2X & 3X daily QQQ, 2010 - 2024
Name CAGR Max Drawdown Volatility
QQQ 18.87% -35.12% 20.45%
QLD 32.22% -63.68% 40.83%
TQQQ 41.74% -81.66% 60.53%
For a $10,000 initial investment:
Name Ending Value
QQQ $127,374
QLD $610,712
TQQQ $1,698,514
In the words of my wife's best friend: "It's a great life if you don't weaken."
