# Leverage with a trend filter: Rules and Record

> Leverage with a trend filter: the rule, what it holds at the Nov 3, 2026 close, its signal and its paper record. A hypothetical ETF strategy.

Data as of Nov 3, 2026. Rebuilt every trading night.

Data as of Nov 3, 2026. Rebuilt every trading night.

## Leverage with a trend filter

Hold each 2x single-stock fund while its stock trades above its 200-day average, else hold cash

At the Nov 3, 2026 close Leverage with a trend filter is partly in and holds MSFU 13%, NVDL 13%, TSLL 12% and 1 more, with 50% in cash. Since the funds listed on Oct 10, 2024, it returned +2.6% a year with a deepest fall of −39.5%.

Hypothetical. No money is invested.

| Fund | Name | Weight |
| --- | --- | --- |
| Cash | | 49.8% |
| MSFU | Direxion Daily MSFT Bull 2X ETF | 13.1% |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | 13.0% |
| TSLL | Direxion Daily TSLA Bull 2X ETF | 12.1% |
| AAPU | Direxion Daily AAPL Bull 2X ETF | 11.9% |

### The rule

- Hold each 2x single-stock fund while its stock trades above its 200-day average, else hold cash.

- A rule reads the close of the last trading day of the month and trades at the next close.

- The universe is 8 funds; the benchmark is SPDR S&P 500 ETF Trust (SPY).

- It is checked at each month end.

Source: Gayed, M. A. and Bilello, C. V. (2016). Leverage for the Long Run: A Systematic Approach to Managing Risk and Magnifying Returns in Stocks. SSRN 2741701.

Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo .

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ Strategy Lab, Leverage with a trend filter, data as of Nov 3, 2026. https://etfiq.com/models/strategies/leveraged-trend-filter/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/models/strategies/leveraged-trend-filter/