URTY seeks to yield 3X the Russell . The Russell has lagged the other major indices. This is
probably because this is a big collection of small companies which are weaker in general
and more suspectible to financial pressures like to cost of borrowing to finance growth and
so on. This week the Russell is out performing SPY, QQQ and DIA. These leveraged ETFs...
The Russell 2000 usually leads the SPX. This is because small businesses ramp up and grow faster when the economy is growing and are more likely to fail if the economy is in recession. This chart shows that in May the Russell began to underperform the SPX measuring from the beginning of the cycle.