As of Oct 27, 2026. Rebuilt every trading night.
The largest leveraged and inverse ETFs
See 15 funds ranked by net assets. Updated Oct 27, 2026. These are the funds most people are holding. What each of them returned against its own stated multiple is a separate question, and one ETFIQ answers fund by fund.
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All 15, highest first
15 of 15 · click a column to sort| # | Ticker | Fund | Says | Underlying asset | Net assets ↓ | Fee | Source |
|---|---|---|---|---|---|---|---|
| 1 | TQQQ | ProShares UltraPro QQQ | +3x | QQQ | $36.9bn | 0.78% | Issuer page, Oct 27, 2026 |
| 2 | SOXL | Direxion Daily Semiconductor Bull 3X ETF | +3x | SOXX | $23.0bn | 0.75% | Issuer page, Oct 26, 2026 |
| 3 | QLD | ProShares Ultra QQQ | +2x | QQQ | $14.6bn | 0.89% | Issuer page, Oct 27, 2026 |
| 4 | SSO | ProShares Ultra S&P500 | +2x | SPY | $8.7bn | 0.84% | Issuer page, Oct 27, 2026 |
| 5 | SPXL | Direxion Daily S&P 500 Bull 3X ETF | +3x | SPY | $6.9bn | 0.84% | Issuer page, Oct 26, 2026 |
| 6 | TECL | Direxion Daily Technology Bull 3X ETF | +3x | XLK | $5.6bn | 0.87% | Issuer page, Oct 26, 2026 |
| 7 | UPRO | ProShares UltraPro S&P500 | +3x | SPY | $5.5bn | 0.88% | Issuer page, Oct 27, 2026 |
| 8 | SOXS | Direxion Daily Semiconductor Bear 3X ETF | −3x | SOXX | $4.4bn | 1.00% | Issuer page, Oct 26, 2026 |
| 9 | NVDL | GraniteShares 2x Long NVDA Daily ETF | +2x | NVDA | $3.8bn | 1.05% | Issuer page, Oct 26, 2026 |
| 10 | TSLL | Direxion Daily TSLA Bull 2X ETF | +2x | TSLA | $3.7bn | 0.83% | Issuer page, Oct 26, 2026 |
| 11 | MUU | Direxion Daily MU Bull 2X ETF | +2x | MU | $2.9bn | 1.01% | Issuer page, Oct 26, 2026 |
| 12 | USD | ProShares Ultra Semiconductors | +2x | $2.5bn | 0.94% | Issuer page, Oct 27, 2026 | |
| 13 | FAS | Direxion Daily Financial Bull 3X ETF | +3x | XLF | $2.1bn | 0.88% | Issuer page, Oct 26, 2026 |
| 14 | TMF | Direxion Daily 20+ Year Treasury Bull 3X | +3x | TLT | $2.0bn | 0.90% | Issuer page, Oct 26, 2026 |
| 15 | SQQQ | ProShares UltraPro Short QQQ | −3x | QQQ | $1.8bn | 0.94% | Issuer page, Oct 27, 2026 |
Ranked on the most recent net assets ETFIQ can source for each fund, with the kind of source named beside it.
The rest of the method
Size shows where the money is, not what a fund did. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, The largest leveraged and inverse ETFs, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-biggest
ETFIQ. (Oct 27, 2026). The largest leveraged and inverse ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/leverage-biggest
[The largest leveraged and inverse ETFs, ranked by net assets (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/leverage-biggest)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.