As of Oct 27, 2026. Rebuilt every trading night.
Every leveraged ETF on SPY, largest first
See 10 funds ranked by net assets. Updated Oct 27, 2026. Same underlying, different multiples and different issuers. Two funds stating the same multiple on SPY have still finished points apart.
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All 10, highest first
10 of 10 · click a column to sort| # | Ticker | Fund | Says | Net assets ↓ | Fee | Fund returned, 3 months | Multiple of that move | Difference |
|---|---|---|---|---|---|---|---|---|
| 1 | SSO | ProShares Ultra S&P500 | +2x | $8.7bn | 0.84% | +6.7% | +8.2% | −1.5 pts |
| 2 | SPXL | Direxion Daily S&P 500 Bull 3X ETF | +3x | $6.9bn | 0.84% | +9.2% | +12.3% | −3.1 pts |
| 3 | UPRO | ProShares UltraPro S&P500 | +3x | $5.5bn | 0.88% | +9.1% | +12.3% | −3.2 pts |
| 4 | SH | ProShares Short S&P500 | −1x | $948m | 0.88% | −2.6% | −4.1% | +1.5 pts |
| 5 | SPXU | ProShares UltraPro Short S&P500 | −3x | $410m | 0.90% | −9.9% | −12.3% | +2.4 pts |
| 6 | SDS | ProShares UltraShort S&P500 | −2x | $367m | 0.91% | −6.2% | −8.2% | +2.0 pts |
| 7 | SPXS | Direxion Daily S&P 500 Bear 3X ETF | −3x | $329m | 1.04% | −9.8% | −12.3% | +2.5 pts |
| 8 | SPDN | Direxion Daily S&P 500 Bear 1X ETF | −1x | $298m | 0.48% | −2.5% | −4.1% | +1.6 pts |
| 9 | SPUU | Direxion Daily S&P 500 Bull 2X ETF | +2x | $285m | 0.60% | +6.8% | +8.2% | −1.4 pts |
| 10 | SPYQ | Tradr 2X Long SPY Quarterly ETF | +2x | $13m | 1.00% | +6.5% | per quarter | per quarter |
The 10 leveraged and inverse ETFs ETFIQ measures on the S&P 500, of which 10 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 S&P 500’s move over the same days, which is a different number for every multiple on the list. Over the same days the S&P 500 itself returned +4.1%. Of each difference the part that is compounding rather than the fund is the same for every fund stating a given multiple, −0.8 at -3x, −0.5 at -2x, −0.2 at -1x, −0.1 at +2x, −0.4 at +3x, in percentage points.
The rest of the method
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.
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ETFIQ, Every leveraged ETF on SPY, largest first, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-largest-on-spy
ETFIQ. (Oct 27, 2026). Every leveraged ETF on SPY, largest first, ranked by net assets. Retrieved from https://etfiq.com/rankings/leverage-largest-on-spy
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