# XLB Leveraged ETFs: 2x & Inverse, Compared

> 3 leveraged and inverse ETFs on XLB: 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 .

## XLB leveraged and inverse ETFs

As of Oct 27, 2026, 3 ETFs aim to return −2x to 2x the daily move in XLB. 2 issuers sell them. Over three months they finished from −3.3 to +0.7 percentage points against what their stated multiples implied.

### Browse leveraged ETFs

### All 3 leveraged and inverse ETFs on XLB

| 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| UYM | ProShares Ultra Materials | ProShares | −0.4 pts | −2.0 pts | −8.2 pts | $38m | Oct 27, 2026 | 0.95% | +7.6% | −3.2% | +24.2% | +28.8% | +62.1% | +127.3% | +2x |
| SMN | ProShares UltraShort Materials | ProShares | +0.7 pts | +0.7 pts | +8.5 pts | $3.9m | Oct 27, 2026 | 0.95% | −7.3% | +1.9% | −25.2% | −28.5% | −49.4% | −99.8% | -2x |
| XLBX | Corgi U.S. Materials 2x Daily ETF | Corgi | −0.9 pts | −3.3 pts | not available | $362,895 | Oct 27, 2026 | 0.45% | +7.1% | −4.5% | not available | not available | not available | −3.5% since Jun 2026 | +2x |

What XLB itself did over the same days: +4.0% over one month, −0.6% over three months, +18.5% over one year.

### Questions people ask

Which 2x XLB ETFs are there? As of Oct 27, 2026, 2 ETFs set out to return 2x the daily move in XLB : UYM and XLBX. Which inverse XLB ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return the opposite of the daily move in XLB , at −2x: SMN. Which XLB leveraged ETF is largest? UYM , ProShares Ultra Materials, at $38m in net assets on Oct 27, 2026, the largest of the 3 on XLB with a published size.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, XLB leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/xlb-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/xlb-leveraged-etfs