{"url":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf","section":"learn","title":"What is the difference between a 2x and 3x ETF? | ETFIQ","description":"As of Nov 4, 2026, ETFIQ covers 632 leveraged ETFs at two times and 51 at three times, among 726 leveraged and inverse funds. Updated every trading night.","as_of":"Nov 4, 2026","structured_data":[{"@type":"Article","@id":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf#article","headline":"What is the difference between a 2x and 3x ETF?","description":"As of Nov 4, 2026, ETFIQ covers 632 leveraged ETFs at two times and 51 at three times, among 726 leveraged and inverse funds.","url":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf","mainEntityOfPage":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf","dateModified":"2026-11-04","datePublished":"2026-11-04","author":{"@type":"Organization","name":"ETFIQ Research","url":"https://etfiq.com"},"publisher":{"@type":"Organization","name":"ETFIQ Research","url":"https://etfiq.com"},"about":"What is the difference between a 2x and 3x ETF?","inLanguage":"en"},{"@type":"FAQPage","@id":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf#questions","mainEntity":[{"@type":"Question","name":"Is a 3x ETF three times the return over a year?","acceptedAnswer":{"@type":"Answer","text":"No. It resets every day, so the result over a long period can differ widely from three times."}},{"@type":"Question","name":"What is an inverse ETF?","acceptedAnswer":{"@type":"Answer","text":"A fund that aims for the opposite of the daily move, such as minus one or minus two times."}},{"@type":"Question","name":"Where do I see a fund\u2019s gap?","acceptedAnswer":{"@type":"Answer","text":"On its fund page and the leveraged ETFs desk."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Learn","item":"https://etfiq.com/learn/"},{"@type":"ListItem","position":3,"name":"What is the difference between a 2x and 3x ETF?","item":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf"}]},{"@type":"WebPage","name":"What is the difference between a 2x and 3x ETF?","description":"As of Nov 4, 2026, ETFIQ covers 632 leveraged ETFs at two times and 51 at three times, among 726 leveraged and inverse funds. Updated every trading night.","url":"https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2191,"truncated":false,"content":"ETFIQ / Learn / What is the difference between a 2x and 3x ETF? \n \n What is the difference between a 2x and 3x ETF?\n Data as of Nov 4, 2026. Rebuilt every trading night.\n As of Nov 4, 2026, ETFIQ covers 632 leveraged ETFs at two times and 51 at three times, among 726 leveraged and inverse funds.\n \n In plain words\n A 2x ETF aims to return twice an underlying\u2019s move in one day; a 3x ETF three times. Both reset daily, so their return over weeks or months is not twice or three times the underlying\u2019s. \n Two times is the most common (632 funds); three times has 51. 145 are inverse and 475 follow a single stock. A higher multiple means bigger daily swings and bigger drift when the underlying moves up and down. ETFIQ measures what each fund returned against its daily multiple over the same days; the gap is compounding, borrowing costs and fees.\n Questions\n Is a 3x ETF three times the return over a year? No. It resets every day, so the result over a long period can differ widely from three times.\n What is an inverse ETF? A fund that aims for the opposite of the daily move, such as minus one or minus two times.\n Where do I see a fund\u2019s gap? On its fund page and the leveraged ETFs desk.\n Where to next\n Leveraged ETFs Leveraged ETF costs Screener: filter every ETF What is an ETF? How much does a leveraged ETF cost? What is a swap-based ETF? All ETF explainers How ETFIQ computes these numbers \n Cite this page. ETFIQ, What is the difference between a 2x and 3x ETF?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, What is the difference between a 2x and 3x ETF?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf APA ETFIQ. (Nov 4, 2026). What is the difference between a 2x and 3x ETF?. Retrieved from https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf Markdown [What is the difference between a 2x and 3x ETF? (ETFIQ, Nov 4, 2026)](https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, What is the difference between a 2x and 3x ETF?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-the-difference-between-a-2x-and-3x-etf"}