{"url":"https://etfiq.com/questions/what-is-a-leveraged-etf","section":"questions","title":"What is a leveraged ETF? | ETFIQ","description":"A fund that sets out to return a stated multiple of another thing\u2019s move, each day. Answered from ETFIQ data as of Oct 28, 2026.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is a leveraged ETF?","acceptedAnswer":{"@type":"Answer","text":"A fund that sets out to return a stated multiple of another thing\u2019s move, each day. ETFIQ tracks 734 of them: 533 long and 201 inverse, on single companies, sectors, broad indices and asset classes. The multiple applies to a day, not to however long it is held."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Questions","item":"https://etfiq.com/questions/"},{"@type":"ListItem","position":3,"name":"What is a leveraged ETF?","item":"https://etfiq.com/questions/what-is-a-leveraged-etf"}]},{"@type":"WebPage","name":"What is a leveraged ETF?","description":"A fund that sets out to return a stated multiple of another thing\u2019s move, each day. Answered from ETFIQ data as of Oct 28, 2026.","url":"https://etfiq.com/questions/what-is-a-leveraged-etf","dateModified":"2026-10-28","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3750,"truncated":false,"content":"ETFIQ / Questions / What is a leveraged ETF? \n \n Answered from ETFIQ data as of Oct 28, 2026 .\n What is a leveraged ETF?\n A fund that sets out to return a stated multiple of another thing\u2019s move, each day. ETFIQ tracks 734 of them: 533 long and 201 inverse, on single companies, sectors, broad indices and asset classes. The multiple applies to a day, not to however long it is held.\n The fund holds swaps or futures rather than the thing itself, sized each morning so that a one percent move in the underlying that day produces the stated multiple. At the close it resets and does it again from wherever it now stands.\n The reset is the mechanism and the problem. Over one day the fund does what the name says. Over a week it is usually close. Over a quarter it can be far off, and which way depends on whether the underlying trended or thrashed about.\n An inverse fund works the same way with the sign reversed. It is not a way to hold a short position. The same compounding applies, and the fund rebuilds its position every night.\n On ETFIQ today\n Ticker Fund Says Underlying asset Segment Fund returned Difference \n UDOW ProShares UltraPro Dow30 +3x DIA us large cap +2.9% \u22123.4 pts \n SDOW ProShares UltraPro Short Dow30 -3x DIA us large cap \u22124.1% +2.2 pts \n EDC Direxion Daily MSCI Emerging Markets Bul +3x EEM country +5.7% \u22126.3 pts \n EDZ Direxion Daily MSCI Emerging Markets Bea -3x EEM country \u221214.2% \u22122.2 pts \n MEXX Direxion Daily MSCI Mexico Bull 3X ETF +3x EWW country \u22128.2% \u22124.6 pts \n WEBL Direxion Daily Dow Jones Internet Bull 3 +3x FDN sector +11.6% \u22124.9 pts \n WEBS Direxion Daily Dow Jones Internet Bear 3 -3x FDN sector \u221217.8% \u22121.3 pts \n YINN Direxion Daily FTSE China Bull 3X ETF +3x FXI country \u221230.8% \u22120.5 pts \n YANG Direxion Daily FTSE China Bear 3X ETF -3x FXI country +37.1% +6.8 pts \n TYD Direxion Daily 7-10 Year Treasury Bull 3 +3x IEF bond \u22127.1% \u22122.6 pts \n TYO Direxion Daily 7-10 Year Treasury Bear 3 -3x IEF bond +8.0% +3.5 pts \n DFEN Direxion Daily Aerospace & Defense Bull +3x ITA sector \u221235.3% +0.7 pts \n NAIL Direxion Daily Homebuilders & Supplies B +3x ITB sector \u221226.4% \u22125.1 pts \n TNA Direxion Daily Small Cap Bull 3X ETF +3x IWM us small cap \u221210.2% \u22123.3 pts \n URTY ProShares UltraPro Russell2000 +3x IWM us small cap \u221210.2% \u22123.3 pts \n SRTY ProShares UltraPro Short Russell2000 -3x IWM us small cap +7.8% +0.9 pts \n TZA Direxion Daily Small Cap Bear 3X ETF -3x IWM us small cap +7.9% +1.0 pts \n TPOR Direxion Daily Transportation Bull 3X ET +3x IYT sector \u221219.1% \u22122.3 pts \n DPST Direxion Daily Regional Banks Bull 3X ET +3x KRE sector \u221217.4% \u22123.0 pts \n MIDU Direxion Daily Mid Cap Bull 3X ETF +3x MDY us mid cap \u22127.9% \u22123.1 pts \n \n Where to next\n Sources\n The multiple each fund states in its own registered name, from the SEC investment company series and class file SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, What is a leveraged ETF?, data as of Oct 28, 2026. https://etfiq.com/questions/what-is-a-leveraged-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 a leveraged ETF?, data as of Oct 28, 2026. https://etfiq.com/questions/what-is-a-leveraged-etf APA ETFIQ. (Oct 28, 2026). What is a leveraged ETF?. Retrieved from https://etfiq.com/questions/what-is-a-leveraged-etf Markdown [What is a leveraged ETF? (ETFIQ, Oct 28, 2026)](https://etfiq.com/questions/what-is-a-leveraged-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 a leveraged ETF?, data as of Oct 28, 2026. https://etfiq.com/questions/what-is-a-leveraged-etf"}