¿Cómo funcionan los espejos? Instrumentos Apalancados

Leveraged ETF daily rebalancing mathematically erodes capital in sideways/volatile markets regardless of the underlying stock's long-term direction.

• Daily reset destroys leveraged ETFs: 3x "espejos" recalculate daily, so a 10% base drop needing an 11.1% rebound leaves the leveraged product down 7% even though the underlying stock is flat.
• ASTS case study: over 12 months the base stock ASTS gained 21.90% while its 3x mirror ASTX fell 62%, illustrating decay in sideways/volatile markets.

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