Ratio of Etfs vs. leverage counterpart

Discussion in 'ETFs' started by jb514, Sep 16, 2013.

  1. jb514

    jb514

    Can someone help me with the math here? I'm trying to solve for the ratio between etf and the leveraged version intraday. An example is IWM and TNA. It should be 3x leveraged but I'm coming up with slightly different numbers.