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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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
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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Depends how volatile. High enough return vs daily volatility and you get better returns (see nasdaq, semiconductor, etc) Wouldn't be that levered if I weren't high conviction and if correct... would get a boost from daily rebal.
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Triple levered cubes.... For the true degens only lmao
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