{"url":"https://etfiq.com/rankings/leverage-largest-on-iwm","section":"rankings","title":"Every leveraged ETF on IWM, largest first | ETFIQ","description":"TNA leads every leveraged ETF on IWM, largest first at $1.3bn (net assets), as of Oct 27, 2026. 7 funds from ETFIQ\u2019s own published data.","as_of":"Oct 27, 2026","structured_data":[{"@type":"ItemList","name":"Every leveraged ETF on IWM, largest first","numberOfItems":7,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"TNA","url":"https://etfiq.com/funds/tna"},{"@type":"ListItem","position":2,"name":"URTY","url":"https://etfiq.com/funds/urty"},{"@type":"ListItem","position":3,"name":"TZA","url":"https://etfiq.com/funds/tza"},{"@type":"ListItem","position":4,"name":"UWM","url":"https://etfiq.com/funds/uwm"},{"@type":"ListItem","position":5,"name":"RWM","url":"https://etfiq.com/funds/rwm"},{"@type":"ListItem","position":6,"name":"SRTY","url":"https://etfiq.com/funds/srty"},{"@type":"ListItem","position":7,"name":"TWM","url":"https://etfiq.com/funds/twm"}]},{"@type":"Dataset","name":"Every leveraged ETF on IWM, largest first","description":"TNA leads every leveraged ETF on IWM, largest first at $1.3bn (net assets), as of Oct 27, 2026. 7 funds from ETFIQ\u2019s own published data.","url":"https://etfiq.com/rankings/leverage-largest-on-iwm","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":"Every leveraged ETF on IWM, largest first","item":"https://etfiq.com/rankings/leverage-largest-on-iwm"}]},{"@type":"WebPage","name":"Every leveraged ETF on IWM, largest first","description":"TNA leads every leveraged ETF on IWM, largest first at $1.3bn (net assets), as of Oct 27, 2026. 7 funds from ETFIQ\u2019s own published data.","url":"https://etfiq.com/rankings/leverage-largest-on-iwm","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":3358,"truncated":false,"content":"ETFIQ / Rankings / Every leveraged ETF on IWM, largest first \n \n As of Oct 27, 2026 . Rebuilt every trading night.\n Every leveraged ETF on IWM, largest first\n See 7 funds ranked by net assets. Updated Oct 27, 2026. Same underlying, different multiples and different issuers. Two funds stating the same multiple on IWM have still finished points apart.\n Every leveraged ETF on IWM, largest first, ranked by net assets, as of Oct 27, 2026. Underlying did, Fund returned, Multiple of that move and Difference are over the 3 months from Jul 28, 2026 to Oct 27, 2026. Source: ETFIQ. # Ticker Fund Says Net assets Fee Fund returned, 3 months Multiple of that move Difference \n 1 TNA Direxion Daily Small Cap Bull 3X ETF +3x $1.3bn 1.05% \u221215.7% \u221212.6% \u22123.1 pts \n 2 URTY ProShares UltraPro Russell2000 +3x $281m 0.95% \u221215.7% \u221212.6% \u22123.1 pts \n 3 TZA Direxion Daily Small Cap Bear 3X ETF -3x $235m 0.99% +14.6% +12.6% +2.0 pts \n 4 UWM ProShares Ultra Russell2000 +2x $218m 0.95% \u221210.1% \u22128.4% \u22121.7 pts \n 5 RWM ProShares Short Russell2000 -1x $136m 0.95% +5.7% +4.2% +1.5 pts \n 6 SRTY ProShares UltraPro Short Russell2000 -3x $68m 0.95% +14.5% +12.6% +1.9 pts \n 7 TWM ProShares UltraShort Russell2000 -2x $60m 0.95% +10.2% +8.4% +1.8 pts \n \n Method\n The 7 leveraged and inverse ETFs ETFIQ measures on the Russell 2000, of which 7 publish net assets. Between them they state -3x, -2x, -1x, +2x, +3x. Each fund\u2019s difference is its own return minus its multiple of the Russell 2000\u2019s move over the same days, which is a different number for every multiple on the list. Over the same days the Russell 2000 itself returned \u22124.2%. Of each difference the part that is compounding rather than the fund is the same for every fund stating a given multiple, \u22122.1 at -3x, \u22121.0 at -2x, \u22120.3 at -1x, \u22120.4 at +2x, \u22120.9 at +3x, in percentage points. What is left is the 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 IWM, the fund itself 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, Every leveraged ETF on IWM, largest first, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-largest-on-iwm 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, Every leveraged ETF on IWM, largest first, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-largest-on-iwm APA ETFIQ. (Oct 27, 2026). Every leveraged ETF on IWM, largest first, ranked by net assets. Retrieved from https://etfiq.com/rankings/leverage-largest-on-iwm Markdown [Every leveraged ETF on IWM, largest first, ranked by net assets (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/leverage-largest-on-iwm)","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, Every leveraged ETF on IWM, largest first, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-largest-on-iwm"}