SPXU is subject to significant drift and decay, especially in volatile markets, due to beta slippage and compounding effects.

Leveraged ETFs often underperform their underlying index leveraged by the same factor. ETF decay may have four reasons: beta slippage, roll yield, tracking errors, and management costs. Beta slippage ...

WACC is used by companies and investors to assess a firm's required returns. Beta is essential in calculating WACC, influencing the cost of equity. WACC calculations account for obligations to ...