Leveraged ETFs

542 ETFs · AUM: $187.38B

Leveraged ETFs use financial derivatives and debt to amplify the daily returns of an underlying index, typically by 2x or 3x. These funds are powerful tools for short-term traders who want magnified exposure to market movements without using margin accounts, but they come with significant risks that make them unsuitable for most long-term investors.

Popular leveraged ETFs include TQQQ (ProShares UltraPro QQQ), which provides 3x daily exposure to the NASDAQ-100, UPRO (ProShares UltraPro S&P 500), which delivers 3x daily returns of the S&P 500, and SOXL (Direxion Daily Semiconductor Bull 3X Shares), which offers 3x leveraged exposure to the semiconductor sector.

Leveraged ETFs are designed for single-day holding periods. Due to daily compounding, these funds can deviate significantly from their expected multiple over longer timeframes, especially in volatile or sideways markets. In a choppy market, a 3x leveraged ETF can lose money even when the underlying index is flat, a phenomenon known as volatility decay. TQQQ has attracted a large following among aggressive traders due to the NASDAQ-100's strong trending behavior, but it lost over 75% during the 2022 drawdown. These instruments require active monitoring and strict risk management.

542 ETFs found

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SymbolFund NameAUMPrice
MSFUDirexion Daily MSFT Bull 2X ETF$785.7M$24.66
BITXVolatility Shares Trust - 2x Bitcoin Strategy ETF$796.0M$12.32
UDOWProShares - UltraPro Dow30$808.4M$66.15
NUGTDirexion Daily Gold Miners Index Bull 2X ETF$827.8M$133.38
MULLGraniteShares 2x Long MU Daily ETF$1.05B$734.63
MVLLGraniteShares 2x Long MRVL Daily ETF$1.09B$167.91
AMDLGraniteShares 2x Long AMD Daily ETF$1.13B$66.67
SCOProShares - UltraShort Bloomberg Crude Oil$1.13B$27.89
ROMProShares - Ultra Technology$1.25B$147.05
GDXUMicroSectors Gold Miners 3X Leveraged ETN$1.27B$106.48
GGLLDirexion Daily GOOGL Bull 2X ETF$1.27B$117.17
KORUDirexion Daily MSCI South Korea Bull 3X ETF$1.33B$832.65
TNADirexion Daily Small Cap Bull 3X ETF$1.34B$69.93
AGQProShares - Ultra Silver$1.40B$90.32
SQQQProShares - UltraPro Short QQQ$1.96B$40.09
SOXSDirexion Daily Semiconductor Bear 3X ETF$2.02B$4.68
FASDirexion Daily Financial Bull 3X ETF$2.10B$144.55
SNXXTradr 2X Long SNDK Daily ETF$2.30B$35.99
TMFDirexion Daily 20+ Year Treasury Bull 3X ETF$2.41B$35.12
FNGUMicroSectors FANG+ 3 Leveraged ETNs$2.66B$26.21
USDProShares - Ultra Semiconductors$2.89B$97.85
NVDLGraniteShares 2x Long NVDA Daily ETF$4.13B$94.73
BULZMicroSectors Solactive FANG & Innovation 3X Leveraged ETN$4.61B$40.35
TSLLDirexion Daily TSLA Bull 2X ETF$4.68B$13.43
UPROProShares - UltraPro S&P500$5.12B$139.02
MUUDirexion Daily MU Bull 2X ETF$5.45B$844.62
SPXLDirexion Daily S&P 500 Bull 3X ETF$6.28B$265.30
TECLDirexion Daily Technology Bull 3X ETF$6.31B$215.50
SSOProShares - Ultra S&P500$7.82B$66.36
QLDProShares - Ultra QQQ$13.54B$93.30
SOXLDirexion Daily Semiconductor Bull 3X ETF$25.15B$236.05
TQQQProShares - UltraPro QQQ$36.24B$77.38
UGAZFVelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER
SOXWTradr 2X Long SOXX Weekly ETF$21.39
TVIXVelocityShares Daily 2x VIX Short-Term ETN
FNGAMicroSectors FANG+ Index 3X Leveraged ETNs due January 8 2038$433.90
QQQWTradr 2X Long Triple Q Weekly ETF$30.24
SPLXUBS ETRACS M Reset 2xLvg S&P 500 TR ETN
TVIZVelocityShares Daily 2x VIX MT ETN
UGAZVelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER
SOXMTradr 2X Long SOXX Monthly ETF$22.36
ZYNDefiance Daily Target 2x Long PM ETF$16.77
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