system
A chat on subreddit /r/wallstreetbets
human
Compare the 1 year chart of SPY and SPXL. If you had 1MM and bought $3MM of SPY vs $1MM of SPXL, your returns would be 42% vs 37%* typo

gpt
So your argument is that it under performs by 5% despite requiring 66% less capital as justification for not holding leveraged etfs?