{"url":"https://etfiq.com/rankings/leverage-cheapest","section":"rankings","title":"The cheapest leveraged and inverse ETFs | ETFIQ","description":"SPDN leads the cheapest leveraged and inverse ETFs at 0.48% (fee), as of Oct 27, 2026. 15 funds from ETFIQ\u2019s own published data.","as_of":"Oct 27, 2026","structured_data":[{"@type":"ItemList","name":"The cheapest leveraged and inverse ETFs","numberOfItems":15,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"SPDN","url":"https://etfiq.com/funds/spdn"},{"@type":"ListItem","position":2,"name":"SPUU","url":"https://etfiq.com/funds/spuu"},{"@type":"ListItem","position":3,"name":"CBRG","url":"https://etfiq.com/funds/cbrg"},{"@type":"ListItem","position":4,"name":"GLWG","url":"https://etfiq.com/funds/glwg"},{"@type":"ListItem","position":5,"name":"SKHX","url":"https://etfiq.com/funds/skhx"},{"@type":"ListItem","position":6,"name":"SNDG","url":"https://etfiq.com/funds/sndg"},{"@type":"ListItem","position":7,"name":"SOXL","url":"https://etfiq.com/funds/soxl"},{"@type":"ListItem","position":8,"name":"SPCH","url":"https://etfiq.com/funds/spch"},{"@type":"ListItem","position":9,"name":"SSPC","url":"https://etfiq.com/funds/sspc"},{"@type":"ListItem","position":10,"name":"NBIG","url":"https://etfiq.com/funds/nbig"},{"@type":"ListItem","position":11,"name":"CRWG","url":"https://etfiq.com/funds/crwg"},{"@type":"ListItem","position":12,"name":"UNHG","url":"https://etfiq.com/funds/unhg"},{"@type":"ListItem","position":13,"name":"ARMG","url":"https://etfiq.com/funds/armg"},{"@type":"ListItem","position":14,"name":"CRCG","url":"https://etfiq.com/funds/crcg"},{"@type":"ListItem","position":15,"name":"TQQQ","url":"https://etfiq.com/funds/tqqq"}]},{"@type":"Dataset","name":"The cheapest leveraged and inverse ETFs","description":"SPDN leads the cheapest leveraged and inverse ETFs at 0.48% (fee), as of Oct 27, 2026. 15 funds from ETFIQ\u2019s own published data.","url":"https://etfiq.com/rankings/leverage-cheapest","dateModified":"2026-10-27","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"The cheapest leveraged and inverse ETFs","item":"https://etfiq.com/rankings/leverage-cheapest"}]},{"@type":"WebPage","name":"The cheapest leveraged and inverse ETFs","description":"SPDN leads the cheapest leveraged and inverse ETFs at 0.48% (fee), as of Oct 27, 2026. 15 funds from ETFIQ\u2019s own published data.","url":"https://etfiq.com/rankings/leverage-cheapest","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3416,"truncated":false,"content":"ETFIQ / Rankings / The cheapest leveraged and inverse ETFs \n \n As of Oct 27, 2026 . Rebuilt every trading night.\n The cheapest leveraged and inverse ETFs\n See 15 funds ranked by net expense ratio, after any fee waivers. Updated Oct 27, 2026. A cheaper leveraged fund is not a cheaper trade. Two funds on the same underlying with the same multiple have finished points apart in this category.\n The cheapest leveraged and inverse ETFs, ranked by net expense ratio, after any fee waivers, as of Oct 27, 2026. Source: ETFIQ. # Ticker Fund Says Underlying asset Fee Net assets \n 1 SPDN Direxion Daily S&P 500 Bear 1X ETF -1x SPY 0.48% $298m \n 2 SPUU Direxion Daily S&P 500 Bull 2X ETF +2x SPY 0.60% $285m \n 3 CBRG Leverage Shares 2X Long CBRS Daily ETF +2x CBRS 0.75% $51m \n 4 GLWG Leverage Shares 2X Long GLW Daily ETF +2x GLW 0.75% $80m \n 5 SKHX Leverage Shares 2X Long SK Hynix Daily E +2x SKHY 0.75% $76m \n 6 SNDG Leverage Shares 2X Long SNDK Daily ETF +2x SNDK 0.75% $68m \n 7 SOXL Direxion Daily Semiconductor Bull 3X ETF +3x SOXX 0.75% $23.0bn \n 8 SPCH Leverage Shares 2X Long SPCX Daily ETF +2x SPCX 0.75% $429m \n 9 SSPC Leverage Shares 2X Short SPCX Daily ETF -2x SPCX 0.75% $112m \n 10 NBIG Leverage Shares 2X Long NBIS Daily ETF +2x NBIS 0.76% $77m \n 11 CRWG Leverage Shares 2X Long CRWV Daily ETF +2x CRWV 0.77% $124m \n 12 UNHG Leverage Shares 2X Long UNH Daily ETF +2x UNH 0.77% $63m \n 13 ARMG Leverage Shares 2X Long ARM Daily ETF +2x ARM 0.78% $53m \n 14 CRCG Leverage Shares 2X Long CRCL Daily ETF +2x CRCL 0.78% $99m \n 15 TQQQ ProShares UltraPro QQQ +3x QQQ 0.78% $36.9bn \n \n Method\n The expense ratio each fund files, for funds above $50mn in net assets. It is what the fund charges to run, and it is not the cost of holding a levered position: that is decided by the daily reset, which ETFIQ measures separately for every fund. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.\n Where to next\n The widest gap between leveraged ETFs on one trade Every leveraged ETF 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 A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, The cheapest leveraged and inverse ETFs, ranked by net expense ratio, after any fee waivers, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-cheapest 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, The cheapest leveraged and inverse ETFs, ranked by net expense ratio, after any fee waivers, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-cheapest APA ETFIQ. (Oct 27, 2026). The cheapest leveraged and inverse ETFs, ranked by net expense ratio, after any fee waivers. Retrieved from https://etfiq.com/rankings/leverage-cheapest Markdown [The cheapest leveraged and inverse ETFs, ranked by net expense ratio, after any fee waivers (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/leverage-cheapest)","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, The cheapest leveraged and inverse ETFs, ranked by net expense ratio, after any fee waivers, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-cheapest"}