/biz/ - Business & Finance

Why are inverse ETFs so shit compared to leveraged ETFs? Leveraged ETFs work as advertised even on long periods of time historically. I looked and simulated many scenarios, no failure on any timeframe worth mentioning. Meanwhile inverse ETFs just seem borderline uncorrelated to the underlying. Underlying goes down, they go down. Underlying goes up, they go down. What?
Here is DRIP vs GUSH for example. Same ETF owners, same leverage, different direction.
DRIP is red while GUSH is blue.