Leveraged ETFs can be dangerous beyond a very short holding period. To this point, considering investing where returns for an un-levered (1x) ETF experienced the following: Day 1- up 10% Day 2-down 5% Day 3- up 10% Day 4-down 5% With a 3x levered ETF tracking the same performance, how many time greater is the return for the 3x Jevered ETF vs the 1x un-levered ETF? Provide your answer out to the tenths place, i.e. 1.6x