Leveraged ETF Overview

Leveraged ETFs are powerful and complex trading instruments that allow traders to magnify the return on investment. While higher returns are an attractive proposition, investors need to realize that losses are magnified too. Thus, these ETFs need to be handled with care.

Leveraged ETFs deliver the desired returns over prespecified periods only (usually one day). A leveraged ETF that offers 2x exposure to the S&P 500 only attempts to do so over one-day holding periods. Investors looking to hold these ETFs for significantly longer time periods can often find themselves losing money even if the underlying benchmark behaved as expected.

With 156 ETFs traded in the U.S. markets, Leveraged ETFs gather total assets under management of $25.92B. The average expense ratio is 1.15%. Leveraged ETFs can be found in the following asset classes:

  • Equity
  • Fixed Income
  • Currency
  • Commodities
  • Asset Allocation
  • Alternatives

The largest Leveraged ETF is the ProShares UltraPro QQQ TQQQ with $3.43B in assets. In the last trailing year, the best performing Leveraged ETF was the WTIU at 126.24%. The most-recent ETF launched in the Leveraged space was the Credit Suisse FI Enhanced Europe 50 ETN - May 11, 2028 FEUL in 05/11/18.


GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares33.77%
UBRTAxelaTrader 3x Long Brent Crude Oil ETN32.40%
SOXLDirexion Daily Semiconductor Bull 3x Shares23.24%
DEURVelocityShares Daily 4x Long USD vs EUR ETN20.72%
USOUUnited States 3x Oil Fund19.51%


TVIXVelocityShares Daily 2x VIX Short-Term ETN-33.65%
MEXXDirexion Daily MSCI Mexico Bull 3X Shares-32.03%
UVXYProShares Ultra VIX Short-Term Futures ETF-27.02%
BRZUDirexion Daily MSCI Brazil Bull 3X Shares-25.97%
LBJDirexion Daily Latin America Bull 3X Shares-25.90%

top creations

SOXLDirexion Daily Semiconductor Bull 3x Shares192.30
UVXYProShares Ultra VIX Short-Term Futures ETF139.63
TVIXVelocityShares Daily 2x VIX Short-Term ETN84.26
RUSLDirexion Daily Russia Bull 3x Shares52.17
FIHDUBS AG FI Enhanced Global High Yield ETN31.30

top redemptions

NUGTDirexion Daily Gold Miners Index Bull 3x Shares-180.05
UGAZVelocityShares 3X Long Natural Gas ETN-176.89
ERXDirexion Daily Energy Bull 3x Shares-87.43
JNUGDirexion Daily Junior Gold Miners Index Bull 3X Shares-83.03
TQQQProShares UltraPro QQQ-58.24


OILUProShares UltraPro 3x Crude Oil ETF78.14%
UBTProShares Ultra 20+ Year Treasury44.85%
BRZUDirexion Daily MSCI Brazil Bull 3X Shares32.17%
SAAProShares Ultra SmallCap60030.93%
FEEUBarclays ETN+FI Enhanced Europe 50 ETN26.34%


USTProShares Ultra 7-10 Year Treasury-65.45%
UBRProShares Ultra MSCI Brazil Capped-47.42%
LBJDirexion Daily Latin America Bull 3X Shares-32.77%
DRNDirexion Daily MSCI Real Estate Bull 3x Shares-31.67%
EETProShares Ultra MSCI Emerging Markets-22.78%

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