How to Make 267%—or Lose 90%—on Treasury Bonds - WSJ

1. Long-term Treasury bond ETFs reported significant losses since August 2020. 2. Leverage amplifies risk in ETFs, yielding extreme volatility and unpredictable returns. 3. Over one year, leveraged funds can outperform or underperform dramatically. 4. Investor understanding of leveraged funds' risks is crucial for success or failure. 5. Market conditions heavily influence returns from leveraged and inverse ETFs.