3 ms·> Without leverage, its returns are comparable to S&P 500. whomp whompby andrewmcwatters 5y ago> Without leverage, its returns are comparable to S&P 500. whomp whompsmabie 5y agoDoesn't really matter? All about Sharpe ratio not base returnsbsder 5y agoIt does because leverage always has a black swan event that you are vulnerable to. And then you lose everything, and then lose some more.