do interest rate changes impact leveraged etf performance 
for fixed income letfs yes since bond prices react to changes or expectations of changes in interest rates 13 for other letfs interest rates can significantly affect certain letfs that use borrowed money or rate sensitives derivatives instruments so rising interest rates can increase borrowing costs thus reducing returns 18 in addition changes in interest rates can affect the sectors or assets they track influencing their performance for example higher interest rates might negatively influence debt heavy sectors which in turn would affect letfs tracking those sectors 