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U.S. 3X ETFs are ETFs that track the daily returns of an underlying index by a factor of three, and while you can expect high returns, you should be careful when investing in them because they can also have high losses. For example, a 3x leveraged ETF is an ETF that tracks the daily return of an underlying index by 3x.If the Nasdaq 100 Index has a daily return of 1%, TQQQ (a 3x ETF that tracks t..