# Every leveraged ETF on SPY, largest first

> SSO leads every leveraged ETF on SPY, largest first at $8.7bn (net assets), as of Oct 27, 2026. 10 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 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.

| # | 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 |

### Method

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. 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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### 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 SPY, largest first, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-largest-on-spy
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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