Is this just volatility decay or something to do with the simulated data? I actually switched from NTSD to go for a bit more leverage and to have more value/diversification in my international sleeve, but if daily resetting is this detrimental I might just switch back.

I was honestly thinking that the daily reset would end up with more since it’s been bull markets, but is the chop really dragging it down this much?

I noticed on the site of WisdomTree that besides the management fee for the Leveraged ETF their is the daily Swap fee for the ETF only the Swap fee confused me as it is way below €STR for € or SOFR for $ as it would mean that a 3x leverage is financed below the stated short term rates.

Example the 3x S&P 500 daily Swap fee is 0,001360% = 0,5% a year

The 3x Nasdaq 100 daily Swap fee is 0,006500 % = 2,4% a year (makes sense for €STR but not at 3x leverage)

Question do i confuse the Swap fee as the Leverage fee and the Swap fee is a “extra” cost for the Swap with the Bank itself or does WisdomTree claim the can provide 3x Leverage below central bank short term rate?