{"url":"https://etfiq.com/leverage/tlt-leveraged-etfs","section":"leverage","title":"TLT Leveraged ETFs: 2x, 3x & Inverse, Compared | ETFIQ","description":"6 leveraged and inverse ETFs on TLT: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.","as_of":"Oct 27, 2026","structured_data":[{"@type":"ItemList","name":"TLT Leveraged ETFs: 2x, 3x & Inverse, Compared","numberOfItems":6,"itemListElement":[{"@type":"ListItem","position":1,"item":{"@type":"FinancialProduct","name":"Direxion Daily 20+ Year Treasury Bull 3X ETF","alternateName":"TMF","url":"https://etfiq.com/funds/tmf","category":"Exchange-traded fund, leveraged and inverse","provider":{"@type":"Organization","name":"Direxion","sameAs":["https://www.direxion.com/"]}}},{"@type":"ListItem","position":2,"item":{"@type":"FinancialProduct","name":"ProShares UltraShort 20+ Year Treasury","alternateName":"TBT","url":"https://etfiq.com/funds/tbt","category":"Exchange-traded fund, leveraged and inverse","provider":{"@type":"Organization","name":"ProShares","sameAs":["https://www.proshares.com/"]}}},{"@type":"ListItem","position":3,"item":{"@type":"FinancialProduct","name":"Direxion Daily 20+ Year Treasury Bear 3X ETF","alternateName":"TMV","url":"https://etfiq.com/funds/tmv","category":"Exchange-traded fund, leveraged and inverse","provider":{"@type":"Organization","name":"Direxion","sameAs":["https://www.direxion.com/"]}}},{"@type":"ListItem","position":4,"item":{"@type":"FinancialProduct","name":"ProShares Short 20+ Year Treasury","alternateName":"TBF","url":"https://etfiq.com/funds/tbf","category":"Exchange-traded fund, leveraged and inverse","provider":{"@type":"Organization","name":"ProShares","sameAs":["https://www.proshares.com/"]}}},{"@type":"ListItem","position":5,"item":{"@type":"FinancialProduct","name":"ProShares Ultra 20+ Year Treasury","alternateName":"UBT","url":"https://etfiq.com/funds/ubt","category":"Exchange-traded fund, leveraged and inverse","provider":{"@type":"Organization","name":"ProShares","sameAs":["https://www.proshares.com/"]}}},{"@type":"ListItem","position":6,"item":{"@type":"FinancialProduct","name":"ProShares UltraPro Short 20+ Year Treasury","alternateName":"TTT","url":"https://etfiq.com/funds/ttt","category":"Exchange-traded fund, leveraged and inverse","provider":{"@type":"Organization","name":"ProShares","sameAs":["https://www.proshares.com/"]}}}]},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which 3x TLT ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"As of Oct 27, 2026, 1 ETF sets out to return 3x the daily move in 20-year Treasuries (TLT): TMF."}},{"@type":"Question","name":"Which 2x TLT ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"As of Oct 27, 2026, 1 ETF sets out to return 2x the daily move in 20-year Treasuries (TLT): UBT."}},{"@type":"Question","name":"Which inverse TLT ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"As of Oct 27, 2026, 4 ETFs set out to return the opposite of the daily move in 20-year Treasuries (TLT), from \u22123x to \u22121x: TBT, TMV, TBF and TTT."}},{"@type":"Question","name":"Which TLT leveraged ETF is largest?","acceptedAnswer":{"@type":"Answer","text":"TMF, Direxion Daily 20+ Year Treasury Bull 3X ETF, at $2.0bn in net assets on Oct 26, 2026, the largest of the 6 on TLT with a published size."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leverage","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TLT leveraged and inverse ETFs","item":"https://etfiq.com/leverage/tlt-leveraged-etfs"}]},{"@type":"WebPage","name":"TLT Leveraged ETFs: 2x, 3x & Inverse, Compared","description":"6 leveraged and inverse ETFs on TLT: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.","url":"https://etfiq.com/leverage/tlt-leveraged-etfs","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3578,"truncated":false,"content":"ETFIQ / Leverage / TLT leveraged and inverse ETFs \n \n Data as of Oct 27, 2026 .\n TLT leveraged and inverse ETFs\n As of Oct 27, 2026, 6 ETFs aim to return \u22123x to 3x the daily move in 20-year Treasuries (TLT). 2 issuers sell them. Over three months they finished from \u22123.2 to +2.3 percentage points against what their stated multiples implied.\n Browse leveraged ETFs\n Single-stock leveraged and inverse ETFs Sector and country leveraged ETFs Broad index leveraged and inverse ETFs Commodity, crypto and bond leveraged ETFs Two times long Three times long Two times inverse Three times inverse Inverse ETFs All 6 leveraged and inverse ETFs on TLT\n TLT leveraged and inverse ETFs, 6 funds. Each fund\u2019s return minus what its stated multiple would have produced over the same days, in percentage points, to Oct 27, 2026; largest first. Source: ETFIQ. 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 \n TMF Direxion Daily 20+ Year Treasury Bull 3X ETF Direxion \u22121.0 pts \u22123.2 pts \u22128.4 pts $2.0bn Oct 26, 2026 0.90% +8.9% \u22128.9% \u221218.3% \u221229.1% \u221219.0% \u221270.1% +3x \n TBT ProShares UltraShort 20+ Year Treasury ProShares +0.6 pts +1.9 pts +9.7 pts $290m Oct 27, 2026 0.93% \u22126.0% +5.7% +12.0% +23.5% +0.7% \u221283.2% -2x \n TMV Direxion Daily 20+ Year Treasury Bear 3X ETF Direxion +1.2 pts +2.3 pts +15.8 pts $191m Oct 26, 2026 0.97% \u22128.7% +8.0% +18.3% +36.5% \u22125.1% \u221292.7% -3x \n TBF ProShares Short 20+ Year Treasury ProShares +0.3 pts +1.1 pts +5.9 pts $122m Oct 27, 2026 0.95% \u22123.0% +3.0% +7.2% +12.8% +7.6% \u221238.4% -1x \n UBT ProShares Ultra 20+ Year Treasury ProShares \u22120.5 pts \u22121.3 pts \u22123.8 pts $71m Oct 27, 2026 0.95% +6.1% \u22125.1% \u22129.9% \u221217.6% \u22121.1% +2.2% +2x \n TTT ProShares UltraPro Short 20+ Year Treasury ProShares +1.0 pts +1.5 pts +11.9 pts $19m Oct 27, 2026 0.95% \u22128.9% +7.2% +15.5% +32.6% \u221212.6% \u221273.7% -3x \n\n What TLT itself did over the same days: +3.3% over one month, \u22121.9% over three months, \u22126.9% over one year.\n Questions people ask\n Which 3x TLT ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return 3x the daily move in 20-year Treasuries ( TLT ): TMF. Which 2x TLT ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return 2x the daily move in 20-year Treasuries ( TLT ): UBT. Which inverse TLT ETFs are there? As of Oct 27, 2026, 4 ETFs set out to return the opposite of the daily move in 20-year Treasuries ( TLT ), from \u22123x to \u22121x: TBT , TMV , TBF and TTT. Which TLT leveraged ETF is largest? TMF , Direxion Daily 20+ Year Treasury Bull 3X ETF, at $2.0bn in net assets on Oct 26, 2026, the largest of the 6 on TLT with a published size. Where to next\n TBT vs TMF TMF vs TMV TBF vs TMF TMF vs UBT TMF vs TTT Commodity, crypto and bond leveraged ETFs Sold by more than one issuer Every leveraged and inverse ETF What these words mean Method Take the data \n Cite this page. ETFIQ, TLT leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/tlt-leveraged-etfs 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, TLT leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/tlt-leveraged-etfs APA ETFIQ. (Oct 27, 2026). TLT leveraged and inverse ETFs. Retrieved from https://etfiq.com/leverage/tlt-leveraged-etfs Markdown [TLT leveraged and inverse ETFs (ETFIQ, Oct 27, 2026)](https://etfiq.com/leverage/tlt-leveraged-etfs)","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, TLT leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/tlt-leveraged-etfs"}