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ETF Calc
Reflecting March 2026 interest rates in real time

See the real cost
of leveraged ETFs

You thought TQQQ's fee was 0.82%. The actual annual cost is 10.87%. Borrowing, rebalancing, rollover — costs your broker never shows, analyzed.

Start Simulation
Compare ETF Costs
+ 62 ETF cost analysis+ Real-time data from 2003+ Free, no signup
TQQQ vs QQQ Annual Cost
CostReturnMDD
TQQQQQQ10%5%2%
TQQQ Total
10.87%
QQQ Total
0.20%
Cost Gap
10.67%p
₩10M/yr
-1,067,000
TQQQ10.87%/yrSOXL10.97%/yrUPRO10.96%/yrSPXL10.96%/yrQLD6.05%/yrKODEX 레버리지4.19%/yrTIGER 레버리지3.57%/yrSSO5.19%/yrQQQ0.20%/yrSPY0.09%/yrIVV0.03%/yrKODEX 2000.15%/yrTQQQ10.87%/yrSOXL10.97%/yrUPRO10.96%/yrSPXL10.96%/yrQLD6.05%/yrKODEX 레버리지4.19%/yrTIGER 레버리지3.57%/yrSSO5.19%/yrQQQ0.20%/yrSPY0.09%/yrIVV0.03%/yrKODEX 2000.15%/yr
광고

How to Use

Getting started takes under a minute. Pick an ETF, configure your investment scenario, and instantly see the true cost breakdown — no signup required.

1

Select an ETF

Choose from 62+ leveraged/inverse ETFs to analyze. We support both US ETFs (TQQQ, SOXL, UPRO) and Korean ETFs (KODEX Leverage, TIGER Leverage).

2

Set Your Scenario

Configure the investment period, market conditions (bull, sideways, bear), and DCA settings. Simulate with real historical data or draw your own custom scenario.

3

See the Hidden Costs

View actual returns reflecting borrowing, rebalancing, and rollover costs. Compare the 10%+ annual cost gap that expense ratios alone don't reveal.

Frequently Asked Questions

Common questions about leveraged ETF costs, volatility decay, and how ETF Calc's simulation works.

What are the hidden costs of leveraged ETFs?+

Leveraged ETFs incur costs beyond the expense ratio: borrowing costs (interest-rate based), daily rebalancing costs, and futures rollover costs. For example, TQQQ's stated expense ratio is 0.82%, but the actual annual total cost is approximately 10.87%. ETF Calc reflects all these hidden costs to calculate actual returns.

Is ETF Calc free?+

Yes, all features of ETF Calc are completely free with no registration required. You can freely use all tools including the simulator, cost analysis, DCA calculator, and tax calculator.

What is Volatility Decay?+

Volatility decay occurs because leveraged ETFs track daily returns at a multiple. When the underlying index moves sideways or experiences high volatility, long-term returns fall below expectations. For example, if an index alternates +10% and -10%, a 1x ETF loses 1% but a 3x ETF loses 9%.

Which ETFs can I analyze?+

You can analyze 62+ ETFs including US leveraged/inverse ETFs (TQQQ, SOXL, UPRO, SPXL, QLD) and Korean ETFs (KODEX Leverage, TIGER Leverage). All multipliers (1x, 2x, 3x, -1x, -2x, -3x) are supported.

How accurate is the simulation data?+

ETF Calc uses actual market data from 2003 to present, incorporating SOFR-based borrowing costs, actual expense ratios, and rebalancing costs. However, simulation results are based on historical data and do not guarantee future returns.