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The ETF TrackerBY WOLF
Portfolio

The flat-index trapHow can a fund lose when its index is flat?

The index went nowhere. The 3× fund lost 43%

← All 17 in How broad is it?
PreviewSquare · 720 × 720 · Dark
Why daily reset bleedsThe index went nowhere. The 3× fund lost 43%10 round tripsAs of Nov 4, 2026608010012012345678910TripIndex 0%2× −17%3× −43%The sumsUp dayDown dayOne tripAfter 10 tripsIndex+10%−9.09%0.0%0%2× fund+20%−18.2%−1.8%−17%3× fund+30%−27.3%−5.5%−43%Up 10% then down 9.09% is back to even. The down day lands on a bigger pile than the up daybuilt, so every trip leaves a 2× or 3× fund a little smaller.ETFETF Tracker@TheETFTracker · theetftracker.comEach fund resets to its multiple every day

Each fund resets to its multiple every day

Other ways to see it

More in Ups and downs
A year as a rideKindHow bumpy was this year?Risk dialFundHow risky is this fund?Underwater chartFundHow deep were the falls?Climbing backKindWhat does it take to get back to even?Distance to zeroKindHow near has a 2× fund come to zero?Health barKindHow much of the price has worn away?Which day paysKindDo some weekdays do better?Days since last reverse splitKindHow often do bear funds merge shares?

Also in How broad is it?

All 17 pictures →
Up vs down 4All 4 in Up vs down →
Split barLead pictureHow many funds are up?Chart wallWhich funds are working?Both sides lostCan the bull and bear fund both lose?Leverage gridHow did 2× and 3× do on each index?
Spread 4All 4 in Spread →
Return ridgesHow much do funds of a kind differ?Theme spreadDoes the pick within a theme matter?Breadth stepsHow spread out is a broad fund?Main sequenceDo the big payers earn it?

Same picture, three shapes

Square and Tall for social feeds, Wide for posts and slides.

Why daily reset bleedsThe index went nowhere. The 3× fund lost 43%10 round tripsAs of Nov 4, 2026608010012012345678910TripIndex 0%2× −17%3× −43%The sumsUp dayDown dayOne tripAfter 10 tripsIndex+10%−9.09%0.0%0%2× fund+20%−18.2%−1.8%−17%3× fund+30%−27.3%−5.5%−43%Up 10% then down 9.09% is back to even. The down day lands on a bigger pile than the up daybuilt, so every trip leaves a 2× or 3× fund a little smaller.ETFETF Tracker@TheETFTracker · theetftracker.comEach fund resets to its multiple every daySquareSelected720 × 720Why daily reset bleedsThe index went nowhere. The 3× fund lost 43%10 round tripsAs of Nov 4, 2026608010012012345678910TripIndex 0%2× −17%3× −43%The sumsUp dayDown dayOne tripAfter 10 tripsIndex+10%−9.09%0.0%0%2× fund+20%−18.2%−1.8%−17%3× fund+30%−27.3%−5.5%−43%Up 10% then down 9.09% is back to even. The down day lands on a bigger pile than the up daybuilt, so every trip leaves a 2× or 3× fund a little smaller.ETFETF Tracker@TheETFTracker · theetftracker.comEach fund resets to its multiple every dayTall720 × 900Why daily reset bleedsThe index went nowhere. The 3× fund lost 43%10 round tripsAs of Nov 4, 2026608010012012345678910TripIndex 0%2× −17%3× −43%FundUp dayDown dayOne tripIndex+10%−9.09%0.0%2× fund+20%−18.2%−1.8%3× fund+30%−27.3%−5.5%Up 10% then down 9.09% is back to even.The down day lands on a bigger pile thanthe up day built, so every trip leaves a2× or 3× fund a little smaller.Ten trips later3× −43%index 0%, 2× −17%ETFETF Tracker@TheETFTracker · theetftracker.comEach fund resets to its multiple every dayWide960 × 540

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