# The leveraged ETFs furthest above their multiple

> GEMG leads the leveraged ETFs furthest above their multiple at +42.1 pts (difference, three months), as of Oct 27, 2026.

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

As of Oct 27, 2026 . Rebuilt every trading night.

## The leveraged ETFs furthest above their multiple

See 15 funds ranked by the fund’s return minus its multiple of the underlying’s move, three months. Updated Oct 27, 2026.

| # | Ticker | Fund | Issuer | Says | Underlying asset | Underlying did | Fund returned | Multiple of that move | Difference |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | GEMG | Leverage Shares 2X Long GEMI Daily ETF | Leverage Shares | +2x | GEMI | −29.7% | −17.3% | −59.4% | +42.1 pts |
| 2 | PUL | GraniteShares 2x Long P Daily ETF | GraniteShares | +2x | P | +90.1% | +208.8% | +180.2% | +28.6 pts |
| 3 | SCO | ProShares UltraShort Bloomberg Crude Oil | ProShares | -2x | OILK | +32.8% | −45.1% | −65.6% | +20.5 pts |
| 4 | MSTZ | T-REX 2X INVERSE MSTR DAILY TARGET ETF | T-REX | -2x | MSTR | +47.0% | −74.8% | −94.0% | +19.2 pts |
| 5 | SMST | Defiance Daily Target 2X Short MSTR ETF | Defiance | -2x | MSTR | +47.0% | −75.8% | −94.0% | +18.2 pts |
| 6 | PONX | Tradr 2X Long PONY Daily ETF | Tradr | +2x | PONY | −33.1% | −48.6% | −66.2% | +17.6 pts |
| 7 | TSLQ | Tradr 2X Short TSLA Daily ETF | Tradr | -2x | TSLA | +32.5% | −49.1% | −65.0% | +15.9 pts |
| 8 | PLTD | Direxion Daily PLTR Bear 1X ETF | Direxion | -1x | PLTR | +60.9% | −45.3% | −60.9% | +15.6 pts |
| 9 | TSDD | GraniteShares 2x Short TSLA Daily ETF | GraniteShares | -2x | TSLA | +32.5% | −49.5% | −65.0% | +15.5 pts |
| 10 | TSLZ | T-REX 2X INVERSE TESLA DAILY TARGET ETF | T-REX | -2x | TSLA | +32.5% | −49.6% | −65.0% | +15.4 pts |
| 11 | CPNX | Tradr 2X Long CPNG Daily ETF | Tradr | +2x | CPNG | −9.9% | −7.1% | −19.8% | +12.7 pts |
| 12 | EO | Corgi EOSE 2x Daily ETF | Corgi | +2x | EOSE | −46.0% | −79.5% | −92.0% | +12.5 pts |
| 13 | EOSU | T-REX 2X LONG EOSE DAILY TARGET ETF | T-REX | +2x | EOSE | −46.0% | −80.5% | −92.0% | +11.5 pts |
| 14 | OSSL | Defiance Daily Target 2X Long OSS ETF | Defiance | +2x | OSS | −42.5% | −74.1% | −85.0% | +10.9 pts |
| 15 | KBAB | KraneShares 2x Long BABA Daily ETF | KraneShares | +2x | BABA | −13.0% | −15.3% | −26.0% | +10.7 pts |

### Method

Compounding a levered daily return does not always cost the holder: in a steady run in one direction it pays them. These are the funds that finished above their multiple of the underlying’s move. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.

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### Sources

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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 leveraged ETFs furthest above their multiple, ranked by the fund’s return minus its multiple of the underlying’s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-closest-to-the-label
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.
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