“If daily returns are just bouncing around a lot, but it ends up kind of flattish on the week, then it might be better to reset at a weekly than a daily interval. You would see that because when you actually computed the vol drag term, the vol drag term says how big are the moves between my resets?”

“I was attributing the decay to the daily resets specifically... user Pernito pointed out that idea had been debunked... IP Parkos showed rebalancing frequency doesn't really matter on expectation.”

“Special situations… continuation funds… resetting the time period… you can even reset the portfolio construction of what's being purchased.”

“Now imagine that this fund tracks something like an index. So something that has about 1% daily volatility. Now in this case, the break even return, the underlying stock is to be up, I think about 8.4% for the levered ETF and the underlier to have the same.”

“When I surveyed more than 1,400 people after my recent 21-day energy reset, eight in 10 said that their energy had improved in just three weeks.”