$EXXT

Hey everyone, still finding my feet with some of the more nuanced hedging strategies for European exposures. I've been looking at using leveraged inverse ETFs like $EXXT for short-term hedges against long DAX futures positions, thinking it might be a more capital-efficient way to manage some overnight risk compared to outright futures shorts. However, I'm a bit concerned about the tracking error and decay over anything more than a single day. Anyone here have experience using these types of ETFs for very short-duration hedging against broader equity indices like the DAX, and if so, how do you manage the tracking vs. the underlying future?