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Data as of Oct 27, 2026.

Leveraged and inverse ETFs · 2,026 funds

IWM leveraged and inverse ETFs

As of Oct 27, 2026, 7 ETFs aim to return −3x to 3x the daily move in the Russell 2000 (IWM).

IQ · Oct 27, 2026
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2 issuers sell them. Over three months they finished from −3.1 to +2.0 percentage points against what their stated multiples implied.

All 7 leveraged and inverse ETFs on IWM

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All 7 leveraged and inverse ETFs on IWM
TickerFundIssuer1M vs multiple3M vs multiple1Y vs multipleNet assets ↓Net assets as ofFeeTotal return 1MTotal return 3MTotal return YTDTotal return 1YTotal return 3YTotal return since launchMultiple
TNADirexion Daily Small Cap Bull 3X ETFDirexion−1.5 pts−3.1 pts−20.3 pts$1.3bnOct 26, 20261.05%−3.3%−15.7%+28.4%+19.0%+174.9%+1,082.5%+3x
URTYProShares UltraPro Russell2000ProShares−1.5 pts−3.1 pts−20.5 pts$281mOct 27, 20260.95%−3.3%−15.7%+28.1%+18.8%+172.7%+579.9%+3x
TZADirexion Daily Small Cap Bear 3X ETFDirexion+0.3 pts+2.0 pts+4.8 pts$235mOct 26, 20260.99%+2.1%+14.6%−36.3%−34.5%−87.0%−100.0%−3x
UWMProShares Ultra Russell2000ProShares−0.7 pts−1.7 pts−8.8 pts$218mOct 27, 20260.95%−1.9%−10.1%+22.4%+17.4%+133.4%+252.4%+2x
RWMProShares Short Russell2000ProShares+0.5 pts+1.5 pts+4.3 pts$136mOct 27, 20260.95%+1.1%+5.7%−10.5%−8.8%−38.3%−91.4%−1x
SRTYProShares UltraPro Short Russell2000ProShares+0.4 pts+1.9 pts+4.7 pts$68mOct 27, 20260.95%+2.2%+14.5%−36.5%−34.6%−87.3%−100.0%−3x
TWMProShares UltraShort Russell2000ProShares+0.5 pts+1.8 pts+4.6 pts$60mOct 27, 20260.95%+1.7%+10.2%−23.8%−21.6%−70.4%−99.8%−2x
7 funds, sorted by net assets. IWM leveraged and inverse ETFs, 7 funds. Source: ETFIQ. CSV
More about this table

Each fund’s return minus what its stated multiple would have produced over the same days, in percentage points, to Oct 27, 2026; largest first. What IWM itself did over the same days: −0.6% over one month, −4.2% over three months, +13.1% over one year.

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Questions people ask

Which 3x IWM ETFs are there?
As of Oct 27, 2026, 2 ETFs set out to return 3x the daily move in the Russell 2000 (IWM): TNA and URTY.
Which 2x IWM ETFs are there?
As of Oct 27, 2026, 1 ETF sets out to return 2x the daily move in the Russell 2000 (IWM): UWM.
Which inverse IWM ETFs are there?
As of Oct 27, 2026, 4 ETFs set out to return the opposite of the daily move in the Russell 2000 (IWM), from −3x to −1x: TZA, RWM, SRTY and TWM.
Which IWM leveraged ETF is largest?
TNA, Direxion Daily Small Cap Bull 3X ETF, at $1.3bn in net assets on Oct 26, 2026, the largest of the 7 on IWM with a published size.
Where to next
TNA vs URTY→TNA vs TZA→TNA vs UWM→RWM vs TNA→SRTY vs TNA→TNA vs TWM→Broad index leveraged and inverse ETFs→Sold by more than one issuer→Every leveraged and inverse ETF→What these words mean→Method→Take the data→

Ask IQ about leveraged and inverse ETFs
Explain this: As of Oct 27, 2026, 7 ETFs aim to return −3x to 3x the daily move in the Russell 2000 (IWM).Which numbers on this page matter most?How does ETFIQ measure these numbers?
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ETFIQ, IWM leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/iwm-leveraged-etfs

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Every number dated. Not investment advice.