Hello, I saw this on investopedia: "Ultra Dow30 is a leveraged ETF that seeks to replicate two times the daily performance of the DJIA. The fund invests in a number of securities to achieve its objective. Investments include equity securities from the index, derivatives including SWAP agreements and futures contracts, and money market instruments for short-term cash management. As of December 21, 2017, DDM was trading at $133.22 with a YTD return of 59.28%. The ETF’s three-year annualized total return was 26.67%." I believe a modest assumption would be for the Dow to rise 10% this year (I think it is up about 2.5% already). So you would get 20% using the DDM. It seems like a vote of confidence. If you are willing to expose $10,000 to a normal Dow index, then you should be willing to expose $5000 to a 2x multiplier like this one. So if you were planning on taking out a $10,000 position on the DJIA, you could use the DDM instead and free up $5000 for something else. Your loss ratio doubles, but your capital is half, so the total dollar loss on a downturn is at parity. I know, I know... there is something I'm not getting. So what am I missing here?