The return of Xact´s leveraged ETFs is dependent on the daily perfomance of the underlying market. Over a period, longer than one day, the performance of the leveraged ETFs may become both larger or smaller than the leverage factor multiplied by the percentage change in the market for the relevant period.
With the Performance Calculator, you can make your own assumptions about the daily index performance and see how it affects the return of Xact´s leveraged ETFs over a longer period.