2x leveraged ETFs tied to Samsung Electronics and SK Hynix would need to climb about 33% to get back to their June 22 levels, according to a Smartkarma report by derivatives and quantitative strategist Gordenz Schneider. Because the funds are designed to deliver twice the daily move of the underlying shares, that recovery would imply a roughly 16.5% rebound in Samsung Electronics and SK Hynix. The calculation follows a steep Tuesday decline in the chipmakers' stocks, which both fell by double digits and pushed the related ETFs down nearly 25%. The Samsung 2x leveraged ETF has also fallen 5.4% since its May 27 launch, underscoring how leveraged products can magnify losses after sharp market swings.