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FYI: •Leveraged ETFs suffer from decay, or "beta slippage." Researchers have attempted to exploit this effect by shorting pairs of long and inverse leveraged ETFs. •The results of these strategies look good if you assume continuous compounding, but are often poor when less frequent compounding is assumed. Regards, Ted http://seekingalpha.com/article/3140956-investing-in-leveraged-etfs-theory-and-practice