# The largest leveraged and inverse ETFs

> TQQQ leads the largest leveraged and inverse ETFs at $36.9bn (net assets), as of Oct 27, 2026. 15 funds from ETFIQ’s own published data.

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

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.

All 738 leveraged and inverse ETFs

| # | 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 |

### Method

Ranked on the most recent net assets ETFIQ can source for each fund, with the kind of source named beside it. 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.

### Where to next

### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, The largest leveraged and inverse ETFs, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-biggest
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/rankings/leverage-biggest