# SLV Leveraged ETFs: 2x & Inverse, Compared

> 3 leveraged and inverse ETFs on SLV: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## SLV leveraged and inverse ETFs

As of Oct 27, 2026, 3 ETFs aim to return −2x to 2x the daily move in silver (SLV). 2 issuers sell them. Over three months they finished from −5.9 to −4.3 percentage points against what their stated multiples implied.

### Browse leveraged ETFs

### All 3 leveraged and inverse ETFs on SLV

| Ticker | Fund | Issuer | 1M vs multiple | 3M vs multiple | 1Y vs multiple | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Multiple |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| AGQ | ProShares Ultra Silver | ProShares | +0.8 pts | −4.3 pts | −59.9 pts | $1.0bn | Oct 27, 2026 | 0.95% | −30.0% | −14.1% | −65.5% | −28.1% | +103.1% | +17.4% | +2x |
| ZSL | ProShares UltraShort Silver | ProShares | +5.9 pts | −5.9 pts | −45.0 pts | $67m | Oct 27, 2026 | 0.95% | +36.7% | +3.9% | −37.4% | −76.8% | −95.7% | −100.0% | -2x |
| USLV | Direxion Daily Silver Bull 2X ETF | Direxion | +0.7 pts | −5.6 pts | not available | $24m | Oct 26, 2026 | 1.10% | −30.1% | −15.4% | not available | not available | not available | −54.4% since May 2026 | +2x |

What SLV itself did over the same days: −15.4% over one month, −4.9% over three months, +15.9% over one year.

### Questions people ask

Which 2x SLV ETFs are there? As of Oct 27, 2026, 2 ETFs set out to return 2x the daily move in silver ( SLV ): AGQ and USLV. Which inverse SLV ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return the opposite of the daily move in silver ( SLV ), at −2x: ZSL. Which SLV leveraged ETF is largest? AGQ , ProShares Ultra Silver, at $1.0bn in net assets on Oct 27, 2026, the largest of the 3 on SLV with a published size.

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, SLV leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/slv-leveraged-etfs
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/leverage/slv-leveraged-etfs