Leveraged ETFs returning 2X and now, 3X the daily returns of various sectors, indices and commodities are all the rage now for both investors and regulators. While there is ample information out there warning about some of the leveraged ETFs risks (read to understand why I’ve dubbed them the Riskiest ETFs on Earth), there are still certainly appropriate uses by retail and sophisticated investors as long as they are familiar with these risks and take appropriate measures to mitigate/hedge those risks (such as overlaying with a stock option strategy). As such, I wanted to provide a comprehensive list of all the leveraged ETFs that exist today with an easily referenced ticker symbol list. Inevitably, you’ll be reading about leveraged ETF lawsuits before long, as well as proposed regulation and other measures to “protect us from ourselves”. I think by now, there is ample information out there warning retail investors about the prospective risks of utilizing these daily rebalancing ETFs, especially when held over the long term – and the companies themselves publicize the risks prominently on their websites and in the prospectus, but not it’s never enough to satiate a litigious investor looking at a substantial loss. For now, which the financial innovation continues and with an additional tool in the trader’s arsenal, it’s worth knowing what’s out there.
To my knowledge, the only companies offering leveraged ETFs are Direxion and Proshares, offering the 3X and 2X daily return ETFs, respectably. I’ve also listed out a niche US Home Price ETF pair at the bottom of this article as well. As new leveraged ETFs are added (which I’m sure they’re not done yet), I’ll be sure to update the list. As such, just bookmark this page, stumble it, or do whatever it is you do to categorize your favs so you can come back to this when you want to catch a quick market move, hedge some personal risk or whatever it is you find leveraged ETFs to be useful for.
3X ETFs – Long
BGU Large Cap Bull 3x Shares
MWJ Mid Cap Bull 3x Shares
TNA Small Cap Bull 3x Shares
ERX Energy Bull 3x Shares
FAS Financial Bull 3x Shares
DRN Real Estate Bull 3x Shares
TYH Technology Bull 3X Shares
DZK Developed Markets Bull 3X Shares
EDC Emerging Markets Bull 3X Shares
TYD 10-Year Treasury Bull 3x Shares
TMF 30-Year Treasury Bull 3x Shares
3X ETFs – Short
BGZ Large Cap Bear 3x Shares
MWN Mid Cap Bear 3x Shares
TZA Small Cap Bear 3x Shares
ERY Energy Bear 3x Shares
FAZ Financial Bear 3x Shares
DRV Real Estate Bear 3x Shares
TYP Technology Bear 3X Shares
DPK Developed Markets Bear 3X Shares
EDZ Emerging Markets Bear 3x Shares
TYO 10-Year Treasury Bear 3x Shares
TMV 30-Year Treasury Bear 3x Shares
2X ETFs – Long
QLD Ultra QQQ
DDM Ultra Dow30
SSO Ultra S&P500
UWC Ultra Russell3000
MVV Ultra MidCap400
SAA Ultra SmallCap600
UWM Ultra Russell2000
UPRO UltraPro S&P500
UVG Ultra Russell1000 Value
UKF Ultra Russell1000 Growth
UVU Ultra Russell MidCap Value
UKW Ultra Russell MidCap Growth
UVT Ultra Russell2000 Value
UKK Ultra Russell2000 Growth
UYM Ultra Basic Materials
UGE Ultra Consumer Goods
UCC Ultra Consumer Services
UYG Ultra Financials
RXL Ultra Health Care
UXI Ultra Industrials
DIG Ultra Oil & Gas
URE Ultra Real Estate
USD Ultra Semiconductors
ROM Ultra Technology
LTL Ultra Telecommunications
UPW Ultra Utilities
UCD Ultra DJ-UBS Commodity
UCO Ultra DJ-UBS Crude Oil
UGL Ultra Gold
AGQ Ultra Silver
ULE Ultra Euro
YCL Ultra Yen
EFO Ultra MSCI EAFE
EET Ultra MSCI Emerging Markets
XPP Ultra FTSE/Xinhua China 25
EZJ Ultra MSCI Japan
2X ETFs – Short
QID UltraShort QQQ
DXD UltraShort Dow30
SDS UltraShort S&P500
TWQ UltraShort Russell3000
MZZ UltraShort MidCap400
SDD UltraShort SmallCap600
TWM UltraShort Russell2000
SPXU UltraPro Short S&P500
SJF UltraShort Russell1000 Value
SFK UltraShort Russell1000 Growth
SJL UltraShort Russell MidCap Value
SDK UltraShort Russell MidCap Growth
SJH UltraShort Russell2000 Value
SKK UltraShort Russell2000 Growth
SMN UltraShort Basic Materials
SZK UltraShort Consumer Goods
SCC UltraShort Consumer Services
SKF UltraShort Financials
RXD UltraShort Health Care
SIJ UltraShort Industrials
DUG UltraShort Oil & Gas
SRS UltraShort Real Estate
SSG UltraShort Semiconductors
REW UltraShort Technology
TLL UltraShort Telecommunications
SDP UltraShort Utilities
EFU UltraShort MSCI EAFE
EEV UltraShort MSCI Emerging Markets
EPV UltraShort MSCI Europe
JPX UltraShort MSCI Pacific ex-Japan
BZQ UltraShort MSCI Brazil
FXP UltraShort FTSE/Xinhua China 25
EWV UltraShort MSCI Japan
SMK UltraShort MSCI Mexico Investable Mkt
PST UltraShort 7-10 Year Treasury
TBT UltraShort 20+ Year Treasury
CMD UltraShort DJ-UBS Commodity
SCO UltraShort DJ-UBS Crude Oil
GLL UltraShort Gold
ZSL UltraShort Silver
EUO UltraShort Euro
YCS UltraShort Yen
Short ETF Pairs Trading Strategy
Since leveraged ETFs tend to decline in value over time due to daily rebalancing, I’ve shared the results of my dual-pair inverse Short ETF Strategy. The results are astounding. In any market, I’ve both backtested and personally achieved double digit gains with no direct correlation to the underlying index.
Home Price ETFs
While they’re a bit of a different animal, there are the only two closest matches to the US Housing Market proxies in the Case-Shiller Up and Down ETFs which are leveraged as well. Check out this review of Case-Shiller Home Price ETFs if interested in hedging your personal real estate or speculating on where the housing market goes from here, but just be mindful that real estate is local and there is no instrument representing your specific locale.
Disclosure: I am currently engaged in various proprietary trading strategies employing leveraged ETFs.
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I think we might have a short-term rally in the dollar soon… no 2x/3x dollar ETFs huh?
.-= Kevin´s last blog ..Is A Completely Free Market, True Capitalism, Bad For The Little Guy? =-.
Actually, the Euro and Yen ETFs above are 2x Long, Short. Give them a shot!
Thanks for compiling this list. Have there been any additions to it since you originally created the list on 8/21/09? Do you know of a good source to keep up-to-date on leveraged ETFs that are about to be and/or have just been created? Many thanks in advance for your help here…
Hi Cliff,
I keep track of them and haven’t seen any added since initial publication. If you want to stay on top of new ETFs in general or leveraged ETFs, feel free to subscribe here via email or RSS options in upper right. Additionally, you may want to check out these new ETF articles:
787 ETFs Listed – Every Exchange Traded Fund Known to Man
2009 Stock Market Returns YTD from Around the World – Shocking!
Best Currency ETF Plays to Exploit Weak Dollar Trend
2009 Stock Market Returns – Emerging Markets in Triple Digits
Hi Darwin,
Just to let you know, the UPRO ETF is actually a 3x on the SP-500, not a 2x as you listed above. As of today, ProShares as five 3x ETFs on the major indexes. See:
http://www.proshares.com/funds/#sort=Name&direction=asc&tab=overview&fundGroup=ultra1x,ultra3x
Thanks for making this list! I’ve been maintaining my own list with this information and it’s good to cross check to someone else’s.
Thanks for the interesting article and the list has helped me sort through the leveraged ETF universe. It has been difficult to find positive information and comments about leveraged ETFs. I am currently working on a speculative trading strategy that only trades 3x Leveraged ETFs for smaller account appreciation. If anyone is interested you can check it out at my webpage. .
thanks,
Global 34
I tried to place a short sell order with Schwab on a number of these ETFs and in every case it gave me an error saying “This stock is either ineligible to be shorted or shares must be borrowed externally.” So either everybody is jumping on this bandwagon or Schwab is cashing in by shorting all leveraged ETF shares that their clients own! Either way, I’m out of luck.
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