TQQQ vs QQQ
UPRO vs S&P 500
I don't fully understand the re-balancing or the argument that leveraged ETF's lose out in the long run due to volatility decay.
If TQQQ goes up 1% then down 1% it ends less than it started just as QQQ would be too.
Using the 5 year INDEXSP: .INX & NYSEARCA: UPRO
If I bought on 26th May 2017 S&P500 for $2415.82, today I would have $3,941.48 a 63.15% return
If I bought on 26th May 2017 Upro for $17.12, today I would have $40.50 a 136.57% return
Using the 5 year NASDAQ: QQQ & NASDAQ: TQQQ
If I bought on 26th May 2017 QQQ for $141.22, today I would have $287.24 a 103.40% return
If I bought on 26th May 2017 Upro for $8.85, today I would have $26.90 a 203.95% return
Is the statement wrong to say holding over the past 5 years would have been better in a leveraged ETF?
Unless these aren't the equivalents or the past 5 years are a bad example due to it being a bull market?
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