Do 2X or 3X Bull ETFs Give 2X or 3X Returns After Certain Periods?

Do 2X or 3X Bull ETFs Give 2X or 3X Returns After Certain Periods?

In order to find out I built this app.

How to use this app:

1. Specify the target return for 1X bull ETF.
2. Specify the number of negative returns. The system will generate the positive returns.
3. The startin price is all $100.
4. Click the run button to see result.

App

Target Retrun for 1X Bull ETF: %
Number of Negative Returns: times

End of Period Return:

• 1X Bull:%
• 2X Bull:%
• 3X Bull:%

Returns

t	1x	2x	3x

Conclusion

After playing this app for a while, I have found that if the 1X bull return is 0% after some time, the 2X and 3X versions still have negative returns.