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What do you mean by capital plus leverage?
Adding leverage to the fund is to increase the income by adding leverage, which will of course make the loss even greater.

The high-risk shares in graded funds are characterized by leverage, not necessarily debt-based, but many are index funds. To put it bluntly, it magnifies the fluctuation of the market. For example, when the stock market goes up 1%, leveraged funds may go up by more than 2%. For example, if the stock market falls 1%, leveraged funds may fall by more than 2%.

leveraged fund

Leveraged fund is a kind of hedge fund. Domestic leveraged funds belong to the leveraged share (also called aggressive share) of graded funds. Graded fund refers to a fund variety with two levels (or multi-levels) of risk-return performance with certain differentiated fund shares through the decomposition of fund income or net assets under a portfolio.

Its main feature is to divide the fund products into two types of shares and give different income distribution respectively. Graded funds are usually divided into two types of shares: low-risk income side (agreed income share) sub-funds and high-risk income side (leveraged share) sub-funds.