>>20059989SPY 2x (SSO) does 1.5x CAGR. SPY 3x (UPRO) does 2x CAGR. With UPRO you're taking on 3x the risk for 2x the performance long term. The risk adjusted returns could be better. You can use deep ITM LEAPS, and long synthetic futures for better returns. The more volatile the underlying the worse the risk/reward ratio is. For example, SOXX (1x) and SOXL (3x) are up 200% over the past 5 years. You would have taken on 3x the risk for the same growth. Even UPRO and TQQQ haven't returned to their all time highs, despite the underlying doing so. SSO, QLD, and 200 MA strategy are fine.
