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Is This the Biggest ETF Loss of All Time?
Rousseau: A lot of ETF back tests go like this, then you see the dashed line and then it's flat oftentimes. He says arc did gain $7 billion in market appreciation up to 2021 but that was swamped by a subsequent $17 billion loss after all the money came in. Ruseau: On a net basis, they've been a bigger money looser than money gainer because they made a bunch of money after returns were good.