---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42418527.md"
description: "$XL2CSOPHYNIX(07709.HK)I see too many people who don't understand leveraged ETFs, they just keep repeating the same old AI-generated talking points, saying things like 'decay makes them unsuitable for long-term holding.' Could you please study a bit more deeply? Even a simple manual backtest would show you.In a one-sided market trend, leveraged ETFs will accelerate gains even more. Of course, the recent days of intense volatility and drawdowns will also lead to greater losses. Whether to hold a leveraged ETF depends entirely on whether the underlying stock has a major trend or one-sided movement. It's not as simple as just saying 'not suitable.'Backtesting from this chart shows the 2x leveraged ETF achieved up to a 3x effect. Of course, there would be many other, even larger multiples during the intermediate backtested waves. Looking over three months, despite the decay over the last ten-plus days causing significant losses, it still has a 1.5x return, which is stronger than holding the underlying stock.Whether to use leveraged ETFs depends on your own position management, fundamental judgment of the individual stock, and return requirements. It's not about asking in the comment section every day why it's not exactly 2x today or if someone's 'stealing' the returns.Of course, after the ADR (American Depositary Receipt) is issued, I personally will go to the US stock market to trade options, reducing some capital commitment and being more flexible."
datetime: "2026-07-03T09:58:50.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42418527.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42418527.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42418527.md)
author: "[还差3800出圣者遗物](https://longbridge.com/en/profiles/16521391.md)"
---

# $XL2CSOPHYNIX(07709.HK)I see too many people who d…


### Related Stocks

- [07709.HK](https://longbridge.com/en/quote/07709.HK.md)

## Comments (7)

- **RK · 2026-07-05T00:29:12.000Z · 👍 1**: This is called hindsight historical induction, okay? ~
  - **还差3800出圣者遗物** (2026-07-05T07:39:48.000Z): Of course, you can think of this as hindsight, but whether the fundamentals are good or not, and whether you can predict a trend, that's something you have to judge for yourself.I'm just saying, what 
- **Silas_ · 2026-07-04T03:00:19.000Z**: To put it simply, if you want excess returns, you have to be prepared for the possibility of excess losses. You need to understand what you're buying, and not blindly follow the trend just because something is popular.
- **光辉万丈 · 2026-07-04T02:09:22.000Z**: Completely agree!
- **L_2GXO9d · 2026-07-03T15:30:33.000Z**: But if you invest 100k in the underlying stock and 100k in a 2x leveraged product, in the long run you also get 1.5 odds, and you don't need to use margin. To get 1.5 odds by just buying the underlying stock, you'd need margin, and there's also risk. Is this understanding correct?
  - **还差3800出圣者遗物** (2026-07-05T07:45:04.000Z): There is no guarantee of how much return a leveraged ETF can generate. If Hynix remains range-bound or declines, leveraged ETFs would definitely be very painful. The decay of a triple-leveraged ETF is
- **千金钞集令 · 2026-07-03T10:43:43.000Z**: +1 ready to wait for ADR to buy options and replace 07709