2x & 3x Leveraged Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
TQQQ ProShares UltraPro QQQ	Leveraged Equities	8.33%
QLD ProShares Ultra QQQ	Leveraged Equities	8.33%
SOXL Direxion Daily Semiconductor Bull 3X ETF	Leveraged Equities, Semiconductors	8.33%
USD ProShares Ultra Semiconductors	Leveraged Equities, Semiconductors	8.33%
UPRO ProShares UltraPro S&P 500	Leveraged Equities, S&P 500	8.33%
SSO ProShares Ultra S&P500	Leveraged Equities, S&P 500	8.33%
CURE Direxion Daily Healthcare Bull 3x Shares	Leveraged Equities	8.33%
RXL ProShares Ultra Health Care	Leveraged Equities	8.33%
MIDU Direxion Daily Mid Cap Bull 3X Shares	Leveraged Equities	8.33%
MVV ProShares Ultra Midcap 400	Leveraged Equities	8.33%
TNA Direxion Daily Small Cap Bull 3X Shares	Leveraged Equities	8.33%
SAA ProShares Ultra SmallCap600	Leveraged Equities	8.33%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for 2x & 3x Leveraged Portfolio

Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2x & 3x Leveraged Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

Loading charts...

Returns By Period

As of Jun 6, 2026, the 2x & 3x Leveraged Portfolio returned 56.49% Year-To-Date and 31.85% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.30%	0.09%	8.18%	8.17%	23.42%	19.88%	11.91%	13.45%
Portfolio 2x & 3x Leveraged Portfolio	5.14%	5.32%	56.49%	53.27%	123.98%	49.39%	22.93%	31.85%
Portfolio components:
CURE Direxion Daily Healthcare Bull 3x Shares	-0.69%	18.27%	-9.94%	-3.58%	30.33%	3.28%	1.60%	13.02%
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.47%	-0.83%	31.63%	31.16%	55.79%	22.83%	1.62%	11.46%
MVV ProShares Ultra Midcap 400	0.34%	-0.19%	22.33%	22.09%	39.17%	19.85%	5.91%	13.34%
QLD ProShares Ultra QQQ	3.03%	0.58%	31.05%	26.63%	69.67%	46.32%	23.57%	35.29%
RXL ProShares Ultra Health Care	-0.81%	12.62%	-5.21%	-0.67%	23.20%	5.75%	2.74%	12.38%
SAA ProShares Ultra SmallCap600	1.21%	-0.70%	28.45%	27.82%	55.90%	16.69%	0.74%	11.19%
SOXL Direxion Daily Semiconductor Bull 3X ETF	15.83%	19.50%	403.07%	340.59%	1,006.21%	112.77%	42.03%	61.24%
SSO ProShares Ultra S&P500	0.47%	-0.08%	14.49%	14.11%	45.16%	35.32%	18.74%	23.71%
TNA Direxion Daily Small Cap Bull 3X Shares	2.58%	-1.87%	40.38%	32.71%	101.66%	24.04%	-7.95%	7.38%
TQQQ ProShares UltraPro QQQ	4.41%	-0.01%	44.91%	37.12%	106.99%	62.78%	24.89%	43.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 16, 2011, 2x & 3x Leveraged Portfolio's average daily return is +0.15%, while the average monthly return is +2.97%. At this rate, an investment would double in approximately 2.0 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +39.8%, while the worst month was Mar 2020 at -38.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 2x & 3x Leveraged Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +25.0%, while the worst single day was Mar 16, 2020 at -29.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	9.17%	1.06%	-15.22%	39.83%	25.48%	-4.64%							56.49%
2025	5.46%	-7.06%	-15.76%	-9.32%	14.21%	17.23%	2.24%	7.13%	9.28%	8.69%	1.46%	-1.68%	30.11%
2024	1.18%	15.31%	8.07%	-13.65%	13.95%	6.17%	4.36%	0.03%	0.67%	-5.67%	12.67%	-10.48%	31.69%
2023	20.99%	-4.17%	7.31%	-2.61%	5.54%	16.35%	9.26%	-7.33%	-13.50%	-11.46%	24.40%	19.80%	71.98%
2022	-20.12%	-4.06%	5.45%	-24.03%	0.56%	-21.76%	26.80%	-13.96%	-22.92%	18.48%	15.50%	-16.54%	-53.61%
2021	3.80%	8.01%	5.95%	8.44%	1.28%	7.07%	2.52%	6.56%	-11.58%	15.74%	2.34%	8.45%	73.31%

Benchmark Metrics

2x & 3x Leveraged Portfolio has an annualized alpha of 3.08%, beta of 2.64, and R2 of 0.94 versus S&P 500 Index. Calculated based on daily prices since June 16, 2011.

This portfolio captured 376.36% of S&P 500 Index gains and 205.62% of its losses - amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 3.08% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 2.64 means this portfolio moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.

Alpha: 3.08%

Beta: 2.64

R²: 0.94

Upside Capture: 376.36%

Downside Capture: 205.62%

Expense Ratio

2x & 3x Leveraged Portfolio has a high expense ratio of 0.96%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

TNA

Direxion Daily Small Cap Bull 3X Shares

CURE

Direxion Daily Healthcare Bull 3x Shares

MIDU

Direxion Daily Mid Cap Bull 3X Shares

TQQQ

ProShares UltraPro QQQ

QLD

ProShares Ultra QQQ

USD

ProShares Ultra Semiconductors

RXL

ProShares Ultra Health Care

MVV

ProShares Ultra Midcap 400

SAA

ProShares Ultra SmallCap600

UPRO

ProShares UltraPro S&P 500

Return for Risk

Risk / Return Rank

2x & 3x Leveraged Portfolio ranks 67 for risk / return — better than 67% of Portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for 2x & 3x Leveraged Portfolio and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.91	1.94	+0.97
Sortino ratioReturn per unit of downside risk	3.12	2.63	+0.50
Omega ratioGain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratioReturn relative to maximum drawdown	5.07	2.59	+2.48
Martin ratioReturn relative to average drawdown	21.47	11.84	+9.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
CURE Direxion Daily Healthcare Bull 3x Shares	23	0.69	1.30	1.15	0.98	2.24
MIDU Direxion Daily Mid Cap Bull 3X Shares	42	1.20	1.81	1.22	2.17	7.20
MVV ProShares Ultra Midcap 400	43	1.26	1.86	1.22	2.23	7.62
QLD ProShares Ultra QQQ	63	2.10	2.52	1.34	2.79	9.64
RXL ProShares Ultra Health Care	25	0.77	1.34	1.15	1.09	2.56
SAA ProShares Ultra SmallCap600	55	1.56	2.22	1.26	3.09	9.94
SOXL Direxion Daily Semiconductor Bull 3X ETF	97	9.42	4.27	1.61	23.39	78.42
SSO ProShares Ultra S&P500	60	1.88	2.42	1.33	2.50	10.89
TNA Direxion Daily Small Cap Bull 3X Shares	58	1.76	2.28	1.27	3.14	10.30
TQQQ ProShares UltraPro QQQ	63	2.16	2.45	1.33	2.91	9.45

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

2x & 3x Leveraged Portfolio Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 2.91
5-Year: 0.47
10-Year: 0.64
All Time: 0.65

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of 2x & 3x Leveraged Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

2x & 3x Leveraged Portfolio provided a 0.63% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.63%	0.77%	0.89%	0.80%	0.48%	0.05%	0.10%	0.41%	0.56%	0.35%	0.73%	0.21%
Portfolio components:
CURE Direxion Daily Healthcare Bull 3x Shares	1.18%	1.12%	1.17%	2.02%	0.38%	0.02%	0.17%	0.40%	0.70%	0.18%	0.00%	0.00%
MIDU Direxion Daily Mid Cap Bull 3X Shares	0.67%	1.04%	1.10%	1.43%	0.11%	0.00%	0.06%	0.71%	0.70%	2.67%	1.89%	0.00%
MVV ProShares Ultra Midcap 400	0.70%	0.77%	0.39%	0.77%	0.93%	0.16%	0.29%	0.62%	0.62%	0.21%	0.43%	0.17%
QLD ProShares Ultra QQQ	0.13%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%
RXL ProShares Ultra Health Care	1.53%	1.43%	1.22%	0.18%	0.32%	0.10%	0.15%	0.27%	0.32%	0.11%	0.12%	0.93%
SAA ProShares Ultra SmallCap600	0.79%	1.05%	1.36%	0.88%	0.46%	0.00%	0.03%	0.35%	0.27%	0.00%	0.14%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.04%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%	0.00%
SSO ProShares Ultra S&P500	0.64%	0.68%	0.85%	0.18%	0.50%	0.18%	0.20%	0.50%	0.75%	0.39%	0.51%	0.63%
TNA Direxion Daily Small Cap Bull 3X Shares	0.43%	0.78%	0.93%	1.27%	0.31%	0.06%	0.03%	0.44%	0.36%	0.15%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.41%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the 2x & 3x Leveraged Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the 2x & 3x Leveraged Portfolio was 68.17%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.

The current 2x & 3x Leveraged Portfolio drawdown is 15.22%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-68.17%Mar 2020	1mo 2d	7mo 23d	8mo 25dFeb 2020 - Nov 2020
Bear market2022	-61.20%Oct 2022	9mo 20d	1y 7mo	2y 5moDec 2021 - Jun 2024
2025 selloff2025	-48.39%Apr 2025	4mo 28d	5mo 6d	10mo 4dNov 2024 - Sep 2025
Rate-hike selloffLate 2018	-47.35%Dec 2018	3mo 26d	10mo 19d	1y 2moAug 2018 - Nov 2019
2011 bear market2011	-46.23%Oct 2011	2mo 27d	5mo 18d	8mo 15dJul 2011 - Mar 2012

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 12 assets, with an effective number of assets of 12.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.22	1.17	1.13	1.12	1.11

The portfolio has a diversification ratio of 1.11, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

2x & 3x Leveraged Portfolio correlation to the S&P 500 Index

2x & 3x Leveraged Portfolio has a 0.91 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 16, 2011	0.95

Benchmark Correlations

Correlation vs. S&P 500 Index. UPRO has the highest benchmark correlation at 1.00, while CURE has the lowest at 0.70.

0.70

0.71

0.74

0.76

0.77

0.83

0.87

0.87

0.90

0.90

1.00

1.00

Portfolio Correlations

Correlation vs. 2x & 3x Leveraged Portfolio. UPRO has the highest portfolio correlation at 0.95, while CURE has the lowest at 0.69.

0.69

0.71

0.80

0.84

0.88

0.90

0.90

0.90

0.90

0.91

0.95

0.95

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	CURE	RXL	USD	SAA	SOXL	TNA	QLD	TQQQ	MVV	MIDU	SSO	UPRO
CURE	1.00	0.97	0.43	0.52	0.46	0.59	0.59	0.59	0.62	0.62	0.70	0.70
RXL	0.97	1.00	0.46	0.55	0.49	0.62	0.61	0.61	0.64	0.64	0.71	0.71
USD	0.43	0.46	1.00	0.56	0.94	0.64	0.82	0.82	0.65	0.65	0.75	0.75
SAA	0.52	0.55	0.56	1.00	0.61	0.90	0.62	0.62	0.88	0.88	0.74	0.74
SOXL	0.46	0.49	0.94	0.61	1.00	0.70	0.83	0.83	0.70	0.71	0.77	0.77
TNA	0.59	0.62	0.64	0.90	0.70	1.00	0.73	0.73	0.95	0.95	0.83	0.83
QLD	0.59	0.61	0.82	0.62	0.83	0.73	1.00	1.00	0.73	0.73	0.90	0.90
TQQQ	0.59	0.61	0.82	0.62	0.83	0.73	1.00	1.00	0.73	0.73	0.90	0.90
MVV	0.62	0.64	0.65	0.88	0.70	0.95	0.73	0.73	1.00	0.99	0.87	0.87
MIDU	0.62	0.64	0.65	0.88	0.71	0.95	0.73	0.73	0.99	1.00	0.87	0.87
SSO	0.70	0.71	0.75	0.74	0.77	0.83	0.90	0.90	0.87	0.87	1.00	1.00
UPRO	0.70	0.71	0.75	0.74	0.77	0.83	0.90	0.90	0.87	0.87	1.00	1.00

The correlation results are calculated based on daily price changes starting from Jun 16, 2011

Diversification Analysis

Find what 2x & 3x Leveraged Portfolio is missing

See which holdings overlap, where 2x & 3x Leveraged Portfolio is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification