Two things to add. Actually there probably will be a dividend. almost all of the fund is in tbills. The proper exposure can be created with a little bit og money and the tbills collateralize the futures. Those tbills obviously accrue interest.
The other thing is that the funds capture double the move on a daily basis. If you look at a longer period of time the move captured may slightly different than double.
Leveraged Market Cap ETFs [View article]
The other thing is that the funds capture double the move on a daily basis. If you look at a longer period of time the move captured may slightly different than double.