Leveraged ETFs
542 ETFs · AUM: $173.56B
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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| Symbol▼ | Fund Name▼ | AUM▲ | Price▼ |
|---|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | $192.5M | $43.09 |
| UVIX | 2x Long VIX Futures ETF | $207.2M | $38.20 |
| UWM | ProShares - Ultra Russell2000 | $212.5M | $57.18 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | $218.3M | $49.94 |
| NOWL | GraniteShares 2x Long NOW Daily ETF | $223.0M | $9.28 |
| AVL | Direxion Daily AVGO Bull 2X Shares | $231.8M | $33.11 |
| MQQQ | Tradr 2X Long Innovation 100 Monthly ETF | $234.9M | $227.77 |
| TZA | Direxion Daily Small Cap Bear 3X ETF | $235.0M | $46.56 |
| QID | ProShares - UltraShort QQQ | $235.4M | $13.89 |
| MORL | UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN | $236.8M | — |
| REML | Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN | $243.7M | $5.99 |
| ETHT | ProShares - Ultra Ether ETF | $244.5M | $14.52 |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | $249.4M | $28.62 |
| INTW | GraniteShares 2x Long INTC Daily ETF | $260.4M | $18.23 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | $270.3M | $8.45 |
| URTY | ProShares - UltraPro Russell2000 | $274.6M | $67.63 |
| DWT | VelocityShares 3x Inverse Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New | $277.1M | — |
| UVXY | ProShares - Ultra VIX Short-Term Futures ETF | $280.9M | $17.90 |
| DFEN | Direxion Daily Aerospace & Defense Bull 3X Shares | $282.4M | $45.89 |
| ERX | Direxion Daily Energy Bull 2X ETF | $284.6M | $123.13 |
| AMZU | Direxion Daily AMZN Bull 2X ETF | $285.2M | $34.79 |
| MRRL | UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B | $293.8M | — |
| TBT | ProShares - UltraShort 20+ Year Treasury | $297.9M | $38.44 |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | $302.6M | $23.38 |
| SPUU | Direxion Daily S&P 500 Bull 2X ETF | $306.6M | $224.72 |
| SPXS | Direxion Daily S&P 500 Bear 3X ETF | $321.5M | $24.28 |
| MSTX | Daily Target 2X Long MSTR ETF | $325.9M | $14.49 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | $333.2M | $118.21 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | $333.3M | $123.44 |
| BOIL | ProShares Ultra Bloomberg Natural Gas | $335.2M | $16.98 |
| NVDX | T-REX 2X Long NVIDIA Daily Target ETF | $346.9M | $18.48 |
| METU | Direxion Daily META Bull 2X ETF | $352.5M | $22.17 |
| PLTU | Direxion Daily PLTR Bull 2X Shares | $379.3M | $62.67 |
| SDS | ProShares - UltraShort S&P500 | $382.9M | $53.87 |
| MULL | GraniteShares 2x Long MU Daily ETF | $401.8M | $18.75 |
| MSFU | Direxion Daily MSFT Bull 2X Shares | $413.6M | $41.75 |
| SPXU | ProShares - UltraPro Short S&P500 | $422.7M | $34.11 |
| NVDU | Direxion Daily NVDA Bull 2X ETF | $444.2M | $130.45 |
| UCO | ProShares Ultra Bloomberg Crude Oil | $474.0M | $64.75 |
| UWT | VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New | $480.4M | — |
| CONL | GraniteShares 2x Long COIN Daily ETF | $503.5M | $4.11 |
| TSMX | Direxion Daily TSM Bull 2X ETF | $506.5M | $81.50 |
| SVOL | Simplify Volatility Premium ETF | $516.3M | $16.34 |
| YINN | Direxion Daily FTSE China Bull 3X Shares | $526.4M | $21.27 |
| DDM | ProShares - Ultra Dow30 | $536.0M | $64.53 |
| BITU | ProShares - Ultra Bitcoin ETF | $542.9M | $13.89 |
| NAIL | Direxion Daily Homebuilders & Supplies Bull 3X ETF | $610.5M | $30.32 |
| LABU | Direxion Daily S&P Biotech Bull 3X Shares | $612.4M | $238.41 |
| UGL | ProShares - Ultra Gold | $685.7M | $43.19 |
| FNGO | MicroSectors FANG+ Index 2X Leveraged ETNs | $713.9M | $146.21 |