Is there a levered SPX ETF that only rebalances monthly? Thinking of something like $dxslx but not expensive and exchange traded
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For fun and profit!
I'm mostly wondering because this feels like a weird gap in the ETF market to me? So many garbo meme ETFs and no monthly levered index fund seems odd!
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Why would you want a monthly rebal though? If I buy $1mm of a 3x etf, I want $3mm worth of exposure, not more or less depending if the underlying went up or down before rebalance. Sure someone who buys right at rebal gets 3x return over the month, but not someone who buys after
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It's true that you won't get the constant leverage ratio of a daily rebal, and you're right that you're exposed to timing luck/risk with a monthly. Biggest reason I can think of to use this is to avoid volatility drag from mean reversion eating up your gainz
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