Utter disaster that would be. I can't think of a worse ETF for a 3X. UGA is the 1X and even that one has been problematic.
No man, look, these are the worst sectors for this kind of an ETF. I don't know what you are looking for but you would hate trading the 3x rbob. The roll would decimate it and the etf would not be shortable. The movements would NOT match the futures contracts and the liquidity would be beyond awful. I think a root canal might be more enjoyable. LOL.
Goal is to go long RBOB and short Brent. Want to do it on a levered basis to capture Q1 pop. What vehicle would you suggest other than the futures contract?