Leverage ladderDid each fund deliver its multiple?

3× Long Treasuries lost 4.7× as much in a year

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One index, 6 rungs3× Long Treasuries lost 4.7× as much in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × TLT3×TMF−26.2%3× TLT would be −16.8%lost 9.3 points more2×UBT−15.5%2× TLT would be −11.2%lost 4.2 points more1×TLT−5.6%the plain fund itself−1×TBF+11.4%−1× TLT would be +5.6%5.8 points ahead−2×TBT+20.1%−2× TLT would be +11.2%8.9 points ahead−3×TMV+31.0%−3× TLT would be +16.8%14.2 points aheadETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × TLT, the plain fund

Outline = the multiple × TLT, the plain fund

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One index, 6 rungs3× Long Treasuries lost 4.7× as much in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × TLT3×TMF−26.2%3× TLT would be −16.8%lost 9.3 points more2×UBT−15.5%2× TLT would be −11.2%lost 4.2 points more1×TLT−5.6%the plain fund itself−1×TBF+11.4%−1× TLT would be +5.6%5.8 points ahead−2×TBT+20.1%−2× TLT would be +11.2%8.9 points ahead−3×TMV+31.0%−3× TLT would be +16.8%14.2 points aheadETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × TLT, the plain fundSquareSelected720 × 720One index, 6 rungs3× Long Treasuries lost 4.7× as much in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × TLT3×TMF−26.2%3× TLT would be −16.8%lost 9.3 points more2×UBT−15.5%2× TLT would be −11.2%lost 4.2 points more1×TLT−5.6%the plain fund itself−1×TBF+11.4%−1× TLT would be +5.6%5.8 points ahead−2×TBT+20.1%−2× TLT would be +11.2%8.9 points ahead−3×TMV+31.0%−3× TLT would be +16.8%14.2 points aheadETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × TLT, the plain fundTall720 × 900One index, 6 rungs3× Long Treasuries lost 4.7× as much in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × TLT3×TMF−26.2%3× TLT: −16.8%9.3 more lost2×UBT−15.5%2× TLT: −11.2%4.2 more lost1×TLT−5.6%the plain fund itself−1×TBF+11.4%−1× TLT: +5.6%5.8 ahead−2×TBT+20.1%−2× TLT: +11.2%8.9 ahead−3×TMV+31.0%−3× TLT: +16.8%14.2 aheadETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × TLT, the plain fundWide960 × 540

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