Leveraged ETFs

542 ETFs · AUM: $184.53B

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

Page 3 of 11

Symbol▼Fund Name▼AUM▼Price▼
ORCUDirexion Daily ORCL Bull 2X ETF$142.1M$5.64
SMCXDaily Target 2X Long SMCI ETF$140.9M$9.75
KOLDProShares - UltraShort Bloomberg Natural Gas$139.7M$29.49
EDCDirexion Daily MSCI Emerging Markets Bull 3X Shares$138.7M$65.32
SDOWProShares - UltraPro Short Dow30$138.6M$23.55
RKLXDaily Target 2X Long RKLB ETF$131.0M$9.64
XBAPInnovator U.S. Equity Accelerated 9 Buffer ETF$128.6M$43.28
CRCGLeverage Shares 2x Long CRCL Daily ETF$126.5M$13.72
IONXDefiance Daily Target 2X Long IONQ ETF$126.5M$13.93
SBITProShares - UltraShort Bitcoin ETF$124.0M$29.69
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$122.5M$30.29
BABXGraniteShares 2x Long BABA Daily ETF$121.9M$15.05
CEFLUBS ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN$121.5M—
FNGGDirexion Daily NYSE FANG+ Bull 2X ETF$118.8M$268.00
AMUUDirexion Daily AMD Bull 2X ETF$116.8M$226.30
CRWGLeverage Shares 2x Long CRWV Daily ETF$114.7M$8.53
WDCXTradr 2X Long WDC Daily ETF$107.8M$11.49
RXLProShares Ultra Health Care$102.7M$65.59
DGAZVelocityShares 3x Inverse Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER$100.3M—
MRVUDirexion Daily MRVL Bull 2X ETF$99.1M$122.76
GLWGLeverage Shares 2X Long GLW Daily ETF$96.8M$9.95
GLLProShares - UltraShort Gold$96.3M$25.33
YANGDirexion Daily FTSE China Bear 3X ETF$95.6M$35.09
XBJAInnovator U.S. Equity Accelerated 9 Buffer ETF$94.2M$34.91
LLYXDaily Target 2X Long LLY ETF$94.0M$29.20
BIBProShares Ultra Nasdaq Biotechnology$93.3M$115.19
OKLLDaily Target 2X Long OKLO ETF$92.8M$5.12
SHNYMicroSectors Gold 3X Leveraged ETNs$91.0M$7.71
DIGProShares - Ultra Energy$90.7M$79.08
WEBLDirexion Daily Dow Jones Internet Bull 3X Shares$90.5M$27.76
DUSTDirexion Daily Gold Miners Index Bear 2X ETF$88.6M$40.40
OILUMicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN$87.9M$60.52
FAZDirexion Daily Financial Bear 3x ETF$87.1M$34.49
HIBLDirexion Daily S&P 500 High Beta Bull 3X ETF$87.0M$94.30
NBIGLeverage Shares 2x Long NBIS Daily ETF$84.7M$9.10
ARMGLeverage Shares 2x Long ARM Daily ETF$81.2M$12.47
TSLQTradr 2X Short TSLA Daily ETF$78.0M$16.07
QQQUDirexion Daily Magnificent 7 Bull 2X ETF$78.0M$63.73
XBJLInnovator U.S. Equity Accelerated 9 Buffer ETF$77.6M$41.38
ZSLProShares - UltraShort Silver$76.3M$29.78
TECSDirexion Daily Technology Bear 3X ETF$75.8M$57.47
CHAUDirexion Daily CSI 300 China A Share Bull 2X Shares$75.5M$17.46
SRTYProShares - UltraPro Short Russell2000$74.3M$27.17
MSTZT-REX 2X Inverse MSTR Daily Target ETF$73.9M$2.48
TSLRGraniteShares 2x Long TSLA Daily ETF$73.1M$18.32
MLPQUBS ETRACS 2xMonthly Leveraged Alerian MLP Infrastructure Index ETN SeriesB$72.2M—
UTSLDirexion Daily Utilities Bull 3X ETF$71.4M$35.02
XDSQInnovator U.S. Equity Accelerated ETF$70.1M$45.22
UBTProShares - Ultra 20+ Year Treasury$70.0M$13.99
APPXTradr 2X Long APP Daily ETF$69.0M$9.00
PreviousPage 3 of 11Next

Frequently Asked Questions