Levered ETFs are sometimes misused Levered ETFs promise investors a multiple of the DAILY return of some underlying index and are only meant to be held for a day or less. However, there is clear evidence that investors are holding onto some of these ETFs (e.g TBT equity) for far longer than 1 day and thereby making a bet on the path and volatility of the underlying. To understand why this is the case, see our series that explains what drives the returns of an levered ETF if it is held past one day. What this simulator does The simulator helps demonstrate the complexity of these products if held past 1 day and how they can sometimes lead to extreme
