Leverage ladderDid each fund deliver its multiple?

3× the S&P 500 delivered 1.7× in a year

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One index, 6 rungs3× the S&P 500 delivered 1.7× in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × SPY3×SPXL+20.6%3× SPY would be +35.4%14.8 points short2×SSO+16.4%2× SPY would be +23.6%7.2 points short1×SPY+11.8%the plain fund itself−1×SH−5.8%−1× SPY would be −11.8%lost 6.0 points less−2×SDS−15.3%−2× SPY would be −23.6%lost 8.3 points less−3×SPXS−24.6%−3× SPY would be −35.4%lost 10.8 points lessETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × SPY, the plain fund

Outline = the multiple × SPY, the plain fund

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One index, 6 rungs3× the S&P 500 delivered 1.7× in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × SPY3×SPXL+20.6%3× SPY would be +35.4%14.8 points short2×SSO+16.4%2× SPY would be +23.6%7.2 points short1×SPY+11.8%the plain fund itself−1×SH−5.8%−1× SPY would be −11.8%lost 6.0 points less−2×SDS−15.3%−2× SPY would be −23.6%lost 8.3 points less−3×SPXS−24.6%−3× SPY would be −35.4%lost 10.8 points lessETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × SPY, the plain fundSquare720 × 720One index, 6 rungs3× the S&P 500 delivered 1.7× in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × SPY3×SPXL+20.6%3× SPY would be +35.4%14.8 points short2×SSO+16.4%2× SPY would be +23.6%7.2 points short1×SPY+11.8%the plain fund itself−1×SH−5.8%−1× SPY would be −11.8%lost 6.0 points less−2×SDS−15.3%−2× SPY would be −23.6%lost 8.3 points less−3×SPXS−24.6%−3× SPY would be −35.4%lost 10.8 points lessETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × SPY, the plain fundTallSelected720 × 900One index, 6 rungs3× the S&P 500 delivered 1.7× in a yearLast 12 monthsAs of Nov 4, 2026What the fund returnedIts multiple × SPY3×SPXL+20.6%3× SPY: +35.4%14.8 short2×SSO+16.4%2× SPY: +23.6%7.2 short1×SPY+11.8%the plain fund itself−1×SH−5.8%−1× SPY: −11.8%6.0 less lost−2×SDS−15.3%−2× SPY: −23.6%8.3 less lost−3×SPXS−24.6%−3× SPY: −35.4%10.8 less lostETFETF Tracker@TheETFTracker · theetftracker.comOutline = the multiple × SPY, the plain fundWide960 × 540

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