Return over the last 5 years- QQQM (1x)- 74%, QLD (2x)- 92%, TQQQ (3x)- 62%. Volatility can be a killer.

Most people know about volatility decay but typically most I think would assume over a long period with positive returns, the higher the leverage the higher the returns even if it’s not 3x.

This time period interestingly shows that’s not the case though. 2x was better than 1x but 3x was worse than both. Something to consider if you’re using leveraged funds in a long term strategy.