Leveraged ETFs

542 ETFs · AUM: $173.43B

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
ETHU2x Ether ETF$740.2M$16.99
MULLGraniteShares 2x Long MU Daily ETF$751.0M$20.64
MSFUDirexion Daily MSFT Bull 2X Shares$775.7M$24.18
UYGProShares - Ultra Financials$797.2M$95.20
UDOWProShares - UltraPro Dow30$801.1M$69.11
NUGTDirexion Daily Gold Miners Index Bull 2X ETF$872.9M$115.93
GGLLDirexion Daily GOOGL Bull 2X ETF$894.7M$93.60
BITX2x Bitcoin Strategy ETF$927.4M$12.44
AGQProShares - Ultra Silver$1.15B$65.30
ROMProShares - Ultra Technology$1.17B$126.86
AMDLGraniteShares 2x Long AMD Daily ETF$1.23B$56.24
GDXUMicroSectors Gold Miners 3X Leveraged ETN$1.27B$81.64
TNADirexion Daily Small Cap Bull 3X ETF$1.33B$69.01
SOXSDirexion Daily Semiconductor Bear 3X ETF$1.62B$55.28
KORUDirexion Daily MSCI South Korea Bull 3X ETF$1.64B$16.86
SQQQProShares - UltraPro Short QQQ$2.14B$45.12
TMFDirexion Daily 20+ Year Treasury Bull 3X ETF$2.29B$32.45
FASDirexion Daily Financial Bull 3X ETF$2.33B$172.96
SNXXTradr 2X Long SNDK Daily ETF$2.64B$11.24
FNGUMicroSectors FANG+ 3 Leveraged ETNs$2.66B$25.32
USDProShares Ultra Semiconductors$2.81B$80.27
TSLLDirexion Daily TSLA Bull 2X ETF$3.00B$7.20
NVDLGraniteShares 2x Long NVDA Daily ETF$3.63B$28.67
BULZMicroSectors Solactive FANG & Innovation 3X Leveraged ETN$4.61B$29.10
UPROProShares - UltraPro S&P500$5.07B$136.55
MUUDirexion Daily MU Bull 2X ETF$5.37B$29.57
TECLDirexion Daily Technology Bull 3X ETF$5.59B$173.11
SPXLDirexion Daily S&P 500 Bull 3X Shares$6.52B$260.81
SSOProShares - Ultra S&P500$7.71B$65.75
QLDProShares - Ultra QQQ$12.84B$82.60
SOXLDirexion Daily Semiconductor Bull 3X ETF$22.87B$127.05
TQQQProShares UltraPro QQQ$32.64B$63.51
SOXMTradr 2X Long SOXX Monthly ETF$22.36
TVIZVelocityShares Daily 2x VIX MT ETN
ZYNDefiance Daily Target 2x Long PM ETF$16.77
QQQWTradr 2X Long Triple Q Weekly ETF$30.24
UGAZVelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER
SPLXUBS ETRACS M Reset 2xLvg S&P 500 TR ETN
TVIXVelocityShares Daily 2x VIX Short-Term ETN
SOXWTradr 2X Long SOXX Weekly ETF$21.39
UGAZFVelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER
FNGAMicroSectors FANG+ Index 3X Leveraged ETNs due January 8 2038$433.90
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