If the Qs (1X) were 100 and went down 1%, that would be a 1.00 decline, and if QID was half of that and went down 2%, that would also be a 1.00 decline. The 1X/2X ratio is not always precise on any given day due to how the 2X vehicle is constructed (options, futures, etc.)
Kind regards, -CAPT J
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