List of Leveraged Foreign Currency ETFs

2x and 3x Leveraged Currency Funds

World currency notes
Robert Clare/Taxi/Getty Images

There is a lot of controversy surrounding leveraged ETFs and ETNs. However, if you are an advanced or innovative investor and want to include them in your ETF trading strategy, you've come to the right place. I've already compiled a full list of the many leveraged ETFs available. Both 2x (list of 2x Leveraged ETFs) and 3x ETFs (list of 3x Leveraged  ETFs).

But for investors who are looking for more specific types of leveraged ETFs, I have quite a few lists for you...

However, this list focuses on currency funds. Currency ETFs can give your portfolio the exposure you desire to foreign currencies without all the complexities. Currency ETFs are like pre-packaged investments that track a certain currency, similar to how a normal ETF tracks a correlating index.

A currency ETF is designed to follow a very specific currency or in some cases a basket of currencies, allowing an investor access to more than one foreign currency. 

If you look under the hood of a currency ETF, you’ll find one of two things. Either a series of currency futures contracts designed to emulated the price of a particular currency or in some cases the exchange traded fund consists of actual cash deposits of the currency being tracked.

Either way, the currency ETF is put together with the goal of emulating the price and performance of a certain foreign currency, without trying to outperform it.

So if you are looking to add a leveraged foreign currency ETF to your portfolio, or want to learn more about these types of funds, I have you covered. Here is your full.

List of Leveraged Currency ETFs and ETNs

  • YCL - Pro Shares Ultra Yen ETF
  • YCS - Pro Shares Ultra Short Yen ETF
  • ULE - Pro Shares Ultra Euro ETF
  • EUO - Pro Shares Ultra Short Euro ETF
  • URR - Market Vectors Double Long Euro ETN
  • DRR - Market Vectors Double Short Euro ETN
  • GDAY - Pro Shares Ultra Australian Dollar ETF (recently closed)
  • CROC - Pro Shares Ultra Short Australian Dollar ETF
  • HEGE - Direxion Daily MSCI Europe Currency Hedged Bull 2x Shares ETF (recently closed)
  • HEGJ - Direxion Daily MSCI Japan Currency Hedged Bull 2x Shares ETF (recently closed)

And for my bearish investors who like to target leveraged and inverse currency ETFs, I have you covered there as well...

List of Inverse Leveraged Currency ETFs

  • YCS - Pro Shares Ultra Short Yen ETF
  • EUO - Pro Shares Ultra Short Euro ETF
  • DRR - Market Vectors Double Short Euro ETN
  • CROC - Pro Shares Ultra Short Australian Dollar ETF

And just in case I have any readers who want some inverse currency ETFs or ETNs (that aren't leveraged, I have those researched for you, too...

List of Inverse Currency ETFs

  • UDN - Power Shares US Dollar Bearish ETF
  • CROC - Pro Shares Ultra Short Australian Dollar ETF
  • EUFX - Pro Shares Short Euro ETF
  • EUO – Pro Shares Ultra Short Euro ETF
  • DRR - Market Vectors Double Short Euro ETN
  • YCS – Pro Shares Ultra Short Yen ETF

Keep in mind that no investment is without risk and that includes the above inverse and leveraged foreign currency ETFs.

So before making any trades, be sure to research each one of these exchange traded funds (and notes) individually. Watch how they react to different market conditions, learn what is in the ETF and understand how they will impact your portfolio. And if you have any questions or concerns, be sure to consult a financial professional such as your broker or a financial advisor.

And be aware that the returns of foreign currency leveraged ETFs are based on daily performance not annual. A big distinction that most people are not aware of or understand. But very important to know. However, once you have completed your due diligence, then good luck with all of your trades!

Disclaimer: At the time of publication of this article, I do not have any open positions in any of the above-leveraged exchange traded funds.  - Mark Kennedy