I am publishing an article on volatility drag ETFs in the Journal of Index Investing showing (among other things) that monthly leverage rebalancing in leveraged ETF improves returns over daily leverage rebalancing due to guess what -- lower volatility and, therefore, lower volatility drag.

https://doi.org/10.3905/jii.2019.1.074

I originally submitted this to the CFA's Financial Analyst Journal (FAJ), but the FAJ rejected the paper in part because of this unrefereed blog by Mr. Morrison that says volatility drag doesn't even exist. Needless to say, that was very frustrating given the nonexistence claim is really just an argument of semantics. There is no debate over the underlying math/statistics.