The entity has beta of 0.0 which indicates the returns on MARKET and United States are completely uncorrelated. Although it is vital to follow to United States 3x current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting United States 3x technical indicators you can presently evaluate if the expected return of 0.3758% will be sustainable into the future.
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