Depends how long you want to hold this. For a day or maybe a week, it's OK (assuming you get the direction right). Long term, this will underperform even the non-leveraged XGD.to. Since inception (July 07) this is down over 40% while XGD is up 20%. These leveraged ETFs are portfolio-killers in my mind. For example, the short version HXD.to is down more than 95%. Over time, you lose if you're wrong, and you lose if you're right.