List of 2x Leveraged ETFs and ETNs

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Leveraged exchange-traded funds (ETFs) and exchange-traded notes (ETNs) have only been around since 1993, but interest in them received a big boost from the prolonged bull market. These investment vehicles are not for amateur investors, but for those considering taking the plunge, below is a comprehensive list of ETFs and ETNs available.

Defining a Leveraged ETF and ETN

A leveraged ETF is designed to mirror an index such as the S&P 500, but the fund uses financial derivatives and debt to amplify the returns of that underlying index. The funds aim to keep a constant amount of leverage during the investment time frame, typically a 2–3x ratio. In other words, a leveraged 2x ETF will maintain a $2 exposure to the index for every $1 of investor capital, in hopes of getting twice the return of investors in the underlying index. An ETN is issued as a senior debt note, not a stake in an underlying commodity, and like bonds, they are unsecured debt.

Leveraged index ETFs are often marketed as bull or bear funds. For example, a leveraged bull ETF might attempt to achieve daily returns that are 2x or 3x more pronounced than the Dow Jones Industrial Average or the S&P 500. As with any leveraged ETF, you need to know that the targeted leveraged return is on the ​daily performance, not the annual return.

List of Funds

  • AGQ: Ultra Silver ProShares ETF
  • AMJL: Credit Suisse X-Links Monthly Pay 2x Leveraged Alerian MLP Index ETN
  • BDCL: UBS 2X Leveraged Long Wells Fargo Business Development Company ETN
  • BIB: Ultra NASDAQ Biotechnology ETF
  • BIS: Ultra Short NASDAQ Biotechnology ETF
  • BOIL: ProShares Ultra DJ-UBS Natural Gas ETF
  • BZQ: UltraShort MSCI Brazil ProShares ETF
  • CEFL: Etracs Monthly Pay 2x Leveraged Closed-End Fund ETN
  • CHAU: Direxion Daily CSI 300 China A Share Bull 2x ETF
  • CROC: ProShares UltraShort Australian Dollar ETF
  • DDM: Ultra Dow 30 ProShares ETF
  • DGP: PDB Gold Double Long ETN
  • DIG: Ultra Oil & Gas ProShares ETF
  • DRR: Market Vectors Double Short Euro ETN
  • DSXJ: JP Morgan 2X Short US 10 Year Treasury Futures ETN
  • DTO: DB Crude Oil Double Short ETN
  • DUG: UltraShort Oil & Gas ProShares ETF
  • DVYL: Etracs Monthly Pay 2x Leveraged Dow Jones Select Dividend Index ETN
  • DXD: UltraShort Dow 30 ProShares ETF
  • DZZ: DB Gold Double Short ETN
  • EET: Ultra MSCI Emerging Mkts ProShares ETF
  • EEV: UltraShort MSCI Emerging Markets ProShares ETF
  • EFO: Ultra MSCI EAFE ProShares ETF
  • EFU: UltraShort MSCI EAFE ProShares ETF
  • EPV: UltraShort MSCI Europe ProShares
  • EUO: ProShares UltraShort Euro ETF
  • EWV: UltraShort MSCI Japan ProShares ETF
  • EZJ: Ultra MSCI Japan ProShares ETF
  • FXP: UltraShort FTSE/Xinhua China25 Proshares ETF
  • GLL: UltraShort Gold ProShares ETF
  • HOML: Etracs Monthly Reset 2x Leveraged ISE Exclusively Homebuilders ETN
  • KOLD: UltraShort DJ-UBS Natural Gas ETF
  • LTL: Ultra Telecommunications ProShares ETF
  • LRET: Etracs Monthly Pay 2xLeveraged MSCI US REIT Index ETN
  • MLPQ: Etracs 2x Monthly Leveraged Alerian MLP Infrastructure ETN Series B
  • MLPZ: Etracs 2x Monthly Leveraged S&P MLP Index ETN Series B
  • MVV: Ultra Mid Cap 400 ProShares ETF
  • MZZ: UltraShort Mid Cap 400 ProShares ETF
  • PILL: Direxion Daily Pharmaceutical & Medical Bull 2X Shares ETF
  • PST: UltraShort 7-10 Year Treasury ProShares ETF
  • QID: UltraShort QQQ ProShares ETF
  • QLD: Ultra QQQ ProShares ETF
  • RETL: Direxion Daily Retail Bull 2X Shares ETF
  • REW: UltraShort Technology ProShares ETF
  • ROM: Ultra Technology ProShares ETF
  • RXD: UltraShort Health Care ProShares ETF
  • RXL: Ultra Health Care ProShares ETF
  • SAA: Ultra Small Cap 600 ProShares ETF
  • SCC: UltraShort Consumer Services ProShares ETF
  • SCO: UltraShort DJ-UBS Crude Oil ProShares ETF
  • SDD: UltraShort Small Cap 600 ProShares ETF
  • SDP: UltraShort Utilities ProShares ETF
  • SDS: UltraShort S&P500 ProShares ETF
  • SDYL: Etracs Monthly Pay 2x Leveraged S&P Dividend ETN
  • SIJ: UltraShort Industrials ProShares ETF
  • SKF: UltraShort Financials ProShares ETF
  • SMLL: Direxion Daily Small Cap Bull 2X Shares ETF
  • SMN: UltraShort Basic Materials ProShares ETF
  • SMHD: $100,000,000 ETRACS Monthly Pay 2x Leveraged US Small Cap High Dividend ETN due February 6, 2045
  • SRS: UltraShort Real Estate ProShares ETF
  • SSG: UltraShort Semiconductor ProShares ETF
  • SSO: Ultra S&P 500 ProShares ETF
  • SZK: UltraShort Consumer Goods ProShares ETF
  • TBT: UltraShort 20+ Year Treasury ProShares ETF
  • TVIX: VelocityShares Daily 2x VIX Short Term ETN
  • TWM: UltraShort Russell 2000 ProShares ETF
  • UBR: Ultra MSCI Brazil ETF
  • UBT: Ultra 20+ Year Treasury ETF
  • UCC: Ultra Consumer Services ProShares ETF
  • UCO: Ultra DJ-UBS Crude Oil ProShares ETF
  • UGE: Ultra Consumer Goods ProShares ETF
  • UGL: Ultra Gold ProShares ETF
  • UJB: ProShares Ultra High Yield Bond ETF
  • ULE: Ultra Euro ProShares ETF
  • UPV: Ultra MSCI Europe ETF
  • UPW: Ultra Utilities ProShares ETF
  • URE: Ultra Real Estate ProShares ETF
  • URR: Market Vectors Double Long Euro ETN
  • USD: Ultra Semiconductor ProShares ETF
  • UST: Ultra 7-10 Year Treasury ETF
  • UVXY: ProShares Ultra VIX Short-Term Futures ETF
  • UWM: Ultra Russell 2000 ProShares ETF
  • UXI: Ultra Industrials ProShares ETF
  • UYG: Ultra Financials ProShares ETF
  • UYM: Ultra Basic Materials ProShares ETF
  • XPP: Ultra FTSE/Xinhua China 25 ProShares ETF
  • YCL: Ultra Yen ProShares ETF
  • YCS: UltraShort Yen ProShares ETF
  • ZSL: ProShares UltraShort Silver ETF

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