---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/39239708.md"
description: "$XL2CSOPHYNIX(07709.HK) I don't quite understand, can any expert explain? Could the decay be this severe? The underlying stock is up +4.32% in a month, but the 2x long ETF is down -1.96%. Shouldn't it be around +6% to +8%?"
datetime: "2026-03-13T03:45:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39239708.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39239708.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39239708.md)
author: "[Gwenn](https://longbridge.com/zh-CN/profiles/25393886.md)"
---

> 支持的语言: [English](https://longbridge.com/en/topics/39239708.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39239708.md)


# $XL2CSOPHYNIX(07709.HK) I don't quite understand, …


### 相关股票

- [XL2CSOPHYNIX (07709.HK)](https://longbridge.com/zh-CN/quote/07709.HK.md)

## 评论 (4)

- **三年后辞职 · 2026-03-13T04:14:52.000Z**: With such large daily fluctuations, isn't this wear and tear normal? Take a hundred dollars, it drops 20% on the first day, rises 20% on the second day, drops 20% on the third day, and rises 20% on the fourth day. Do you know how much is left? 92.16, that's all. It seems like it just went up and dow
  - **Gwenn** (2026-03-13T04:16:17.000Z): Indeed, it's not suitable for long-term holding.
  - **果实与伤** (2026-03-13T05:24:17.000Z): Stay away, it's a trap.
- **枸王出征 · 2026-03-13T04:01:17.000Z**: Because no leverage can track absolutely perfectly, there will always be errors. To avoid these errors affecting the next day's trading, daily rebalancing is performed. Over time, this situation arises, which is known as slippage.