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Leveraged (Ultra) Traded Funds (ETFs)

Leveraged ETFs seek to deliver multiples of the performance of the index or benchmark they track.

The SEC issued an Alert about the risks associated with leveraged and inverse ETFs. Read the Alert.

As the name implies, these ETFs provide leveraged returns based on the performance of an underlying index. It's important to note that these leveraged returns are generated on a daily (occasionally monthly) basis. Due to the impact of what is known as daily compounding, investors should not expect the promised daily leverage of these returns to persist over periods longer than a day. This is especially true if the leveraged fund is tracking a very volatile underlying index. Leveraged funds provide daily returns that are generally 3x, 2x, -2x, or -3x of the underlying index performance. Leveraged ETFs generate their leverage through the use of derivative positions. Because derivatives are taxed differently from equity or fixed-income securities, investors should be aware that these funds may not have the same tax efficiencies that investors have come to expect from many ETF products.

*click on the symbol to view the fund's chart & profile on Yahoo Finance (opens a new window)

    Index    
Symbol (*)

Name

 Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
QLD Ultra QQQ ProShares NASDAQ-100 2x long
QID UltraShort QQQ ProShares NASDAQ-100 2x short
TQQQ UltraPro QQQ ProShares NASDAQ-100 3x long
SQQQ UltraPro Short QQQ ProShares NASDAQ-100 3x short
SSO Ultra S&P500 ProShares S&P 500 2x long
SDS UltraShort S&P500 ProShares S&P 500 2x short
RSW Inverse 2x S&P 500 Rydex S&P 500 2x short
SPXU UltraPro Short S&P500 ProShares S&P 500 3x short
DXD UltraShort Dow30 ProShares Dow30 2x short
SFK UltraShort Russell1000 Growth ProShares Russell1000 2x short
SJF UltraShort Russell1000 Value ProShares Russell1000 Value 2x short
UWM ProShares Ultra Russell2000 ProShares Russell 2000 2x long
TWM UltraShort Russell2000 ProShares Russell2000 2x short
RRZ Inverse 2x Russell 2000 Rydex Russell 2000 2x short
SRTY UltraPro Short Russell2000 ProShares Russell 2000 3x short
SJH UltraShort Russell2000 Value ProShares Russell2000 Value 2x short
SKK UltraShort Russell2000 Growth ProShares Russell2000 Growth 2x short
TWQ UltraShort Russell3000 ProShares Russell3000 2x short
SDK UltraShort Russell MidCap Gr ProShares Russell MidCap Growth index 2x short
SJL UltraShort Russell MidCap Value ProShares Russell Midcap value 2x short
TNA Daily Small Cap Bull 3X Direxion Small Cap 3x long
TZA Daily Small Cap Bear 3X Direxion Small Cap 3x short
SDD UltraShort SmallCap600 ProShares SmallCap 600 2x short
RMS Inverse 2x S&P MidCap 400 Rydex S&P MidCap 400 2x short
UMDD ProShares UltraPro MidCap400 ProShares S&P MidCap 400 Index

3x long
MVV ProShares Ultra MidCap400 ProShares S&P MidCap 400 Index

2x long
MZZ UltraShort MidCap400 ProShares S&P MidCap 400 Index 2x short
MWJ Daily Mid Cap Bull 3X Direxion Mid Cap 3x long
MWN Daily Mid Cap Bear 3X Direxion Mid Cap 3x short
BGU Daily Large Cap Bull 3X Direxion Large Cap 3x long
BGZ Daily Large Cap Bear 3X Direxion Large Cap 3x short
         
    Financial    
Symbol (*)

Name

 Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
UYG Ultra Financials ProShares Financial 2x long
SKF UltraShort Financials ProShares  Financial 2x short
RFL Rydex 2x S&P Select Sector Financial Rydex Financial 2x long
RFN Inverse 2x S&P Select Sector Financial Rydex Financial Select Sector Index 2x short
FAZ Daily Financial Bear 3X Direxion Russell 1000 Financial Services Index 3x long
FAS Daily Financial Bull 3X Direxion Russell 1000 Financial Services Index 3x short
TYD Daily 10 Yr Trs Bear 3X Direxion 10 Yr  Treasury 3x short
TYO Daily 10 Yr Trs Bear 3X Direxion 10 Yr  Treasury 3x short
TBT UltraShort 20+ Year Treasury ProShares 20+ Year Treasury 2x short
PST UltraShort 7-10 Year Treasury ProShares 7-10 Year Treasury 2x short
TMF Daily 30 Yr Treasury Bull 3X Direxion 30 Yr Treasury 3x long
TMV Daily 30 Yr Treasury Bear 3X Direxion 30 Yr Treasury 3x short
    Consumer    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
UGE Ultra Consumer Goods ProShares Consumer Staples 2x long
SZK UltraShort Consumer Goods ProShares Consumer Staples 2x short
UCC Ultra Consumer Services ProShares Consumer Discretionary 2x long
SCC UltraShort Consumer Services ProShares Consumer Discretionary 2x short
         
    Health Care    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
RXL ProShares Ultra Health Care ProShares Health Care 2x long
RXD UltraShort Health Care ProShares Health Care 2x short
RHM Rydex 2x S&P Select Sector Health Care Rydex Health Care 2x long
RHO Rydex 2x S&P Select Sector Health Care Rydex Health Care 2x short
         
    Energy    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
DIG Ultra Oil & Gas ProShares ProShares Oil & Gas 2x long
DUG UltraShort Oil & Gas ProShares Oil & Gas 2x short
UCO Ultra DJ-AIG Crude Oil ProShares ProShares Crude Oil 2x long
SCO UltraShort DJ-AIG Crude Oil ProShares Crude Oil 2x short
DTO Crude Oil Dble Short ETN PowerShares Crude Oil 2x short
REA Rydex 2x S&P Select Sector Energy Rydex Energy 2x long
REC Rydex 2x S&P Select Sector Energy Rydex Energy 2x short
ERX Daily Energy Bull 3X Direxion Energy 3x long
ERY Daily Energy Bear 3X Direxion Energy 3x short
UXI Ultra Industrials ProShares ProShares Industrials 2x long
SIJ UltraShort Industrials ProShares Industrials 2x short
         
    Precious Metals    
Symbol (*)

Name

 Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
DGP PowerShares DB Gold Double Long ETN PowerShares Gold 2x long
DZZ DB Gold Double Short ETN PowerShares Gold 2x short
UGL Ultra Gold ProShares Gold 2x long
GLL Ultra Short Gold ProShares Gold 2x short
AGQ Ultra Silver ProShares Silver 2x long
ZSL UltraShort Silver ProShares Silver 2x short

NUGT

 Daily Gold Miners Bull 2x Direxion gold miners

2x long
DUST Daily Gold Miners Bear 2x Direxion gold miners

2x short
         
    Industrial Metals  
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
BDD PowerShares DB Base Metals Dble Long ETN PowerShares Base Metals (aluminum, zinc and copper)

2x long
BOM Base Metals Dble Shrt ETN PowerShares Base Metals (aluminum, zinc and copper)

2x short
         
    Basic Materials    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
UYM Ultra Basic Materials ProShares ProShares Basic Materials 2x long
SMN UltraShort Basic Materials ProShares Basic Materials 2x short
SIJ UltraShort Industrials ProShares ProShares Industrials 2x short
         
    Utilities    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
UPW Ultra Utilities ProShares ProShares Utilities 2x long
SDP UltraShort Utilities ProShares Utilities 2x short 
         
    Agriculture & Commodity    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
DAG PowerShares DB Agriculture Dble Long ETN PowerShares Agriculture 2x long

(corn, wheat, soybean, and sugar futures).

 2x long
AGA Agriculture Dble Shrt ETN PowerShares 2x Agriculture (equal percentages of corn, wheat, soybean, and sugar futures contracts 2x short
DYY PowerShares DB Commodity Dble Long ETN PowerShares crude oil, heating oil, corn, wheat, gold and aluminum 2x long
DEE Commodity Double Short ETN PowerShares crude oil, heating oil, corn, wheat, gold and aluminum 2x short
UCD Ultra DJ-AIG Commodity ProShares ProShares Broad Basket; 2x Dow Jones UBS Commodity Index 2x long
CMD UltraShort DJ-AIG Commodity ProShares Commodity (19 commodities) 2x short
         
    Real Estate    
Symbol (*)

Name

Fund Family

Investment Objective

Leverage (2x or 3x) Long / Short
URE Ultra Real Estate ProShares ProShares Real Estate 2x long
SRS UltraShort Real Estate ProShares Real Estate 2x short
DRN Daily Real Estate Bull 3X Direxion Real Estate 3x long
DRV Daily Real Estate Bear 3X Direxion Real Estate 3x short
         
 

 

 Technology    
Symbol (*)

Name

Fund Family

Investment Objective