Wednesday, April 8, 2009

Performance of XLF vs SKF, UYG, FAS, FAZ

Yesterday, XLF dropped 1.7% during the last 15 minutes. This is what happened with the leveraged ETFs during those minutes:

XLF: -1.7%
UYG: -3.5%
SKF: +2.3% (combined loss of 1.2%)
FAS: -4.3%
FAZ: +3.7% (combined loss of 1.4%)

Here are the charts:

The issues with these ETFs also occur intra-day. A investor that is caught in the wrong side of the trade (read gamble) can have significant losses.

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