[maxtower]

I could be wrong but I think you are paying for that 2x short somehow. I think its supposed to closely match the daily movements of the index by -2x, however, I think holding this longish term is a guaranteed loser even if the market continues to go down over that time. I'm just guessing, but I think it would be similar to 1.95x the downswings, and -2.05x the upswings. Eventually the rake kills you.