LogFAQs > #948887178

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Topic	Stock Topic 13
red sox 777 12/29/20 3:08:11 PM #248:	Nanis23 posted... What is ARKG? is it ARKK but leveraged x3? I think ARKG focuses on genomics, while ARKK is their general fund. In general, levered ETFs are usually a bad idea because they tend to lose ground over time compared to the underlying non-leveraged thing they are tracking. This year SPY is up 14% while SPXL, which is supposed to do 3x SPY, is up.....4%. This year was kind of extreme for chaos, which hurts leveraged ETFs, but still, it's pretty illustrative of the problem. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:948887178] in Stock Topi... [t:79161174]...</cite> <quote>Nanis23 posted... </cite> <quote>What is ARKG? is it ARKK but leveraged x3?</quote> I think ARKG focuses on genomics, while ARKK is their general fund. In general, levered ETFs are usually a bad idea because they tend to lose ground over time compared to the underlying non-leveraged thing they are tracking. This year SPY is up 14% while SPXL, which is supposed to do 3x SPY, is up.....4%. This year was kind of extreme for chaos, which hurts leveraged ETFs, but still, it's pretty illustrative of the problem. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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