# Every leveraged ETF on IWM, largest first

> TNA leads every leveraged ETF on IWM, largest first at $1.3bn (net assets), as of Oct 27, 2026. 7 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.

## Every leveraged ETF on IWM, largest first

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.

| # | Ticker | Fund | Says | Net assets | Fee | Fund returned, 3 months | Multiple of that move | Difference |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | TNA | Direxion Daily Small Cap Bull 3X ETF | +3x | $1.3bn | 1.05% | −15.7% | −12.6% | −3.1 pts |
| 2 | URTY | ProShares UltraPro Russell2000 | +3x | $281m | 0.95% | −15.7% | −12.6% | −3.1 pts |
| 3 | TZA | Direxion Daily Small Cap Bear 3X ETF | -3x | $235m | 0.99% | +14.6% | +12.6% | +2.0 pts |
| 4 | UWM | ProShares Ultra Russell2000 | +2x | $218m | 0.95% | −10.1% | −8.4% | −1.7 pts |
| 5 | RWM | ProShares Short Russell2000 | -1x | $136m | 0.95% | +5.7% | +4.2% | +1.5 pts |
| 6 | SRTY | ProShares UltraPro Short Russell2000 | -3x | $68m | 0.95% | +14.5% | +12.6% | +1.9 pts |
| 7 | TWM | ProShares UltraShort Russell2000 | -2x | $60m | 0.95% | +10.2% | +8.4% | +1.8 pts |

### Method

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’s difference is its own return minus its multiple of the Russell 2000’s 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 −4.2%. Of each difference the part that is compounding rather than the fund is the same for every fund stating a given multiple, −2.1 at -3x, −1.0 at -2x, −0.3 at -1x, −0.4 at +2x, −0.9 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.

### 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, 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
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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