Ranked by net assets, as of . Rebuilt every trading night.
Every leveraged ETF on TLT, largest first
Same underlying, different multiples and different issuers. Two funds stating the same multiple on TLT have still finished points apart.
| # | Ticker | Fund | Says | Net assets | Fee | Fund returned | Label implied | Difference |
|---|---|---|---|---|---|---|---|---|
| 1 | TMF | Direxion Daily 20+ Year Treasury Bull | +3x | $2.7bn | 0.90% | −15.8% | −13.9% | −1.9 pts |
| 2 | TBT | ProShares UltraShort 20+ Year Treasury | -2x | $315m | 0.93% | +11.9% | +9.2% | +2.6 pts |
| 3 | TMV | Direxion Daily 20+ Year Treasury Bear | -3x | $176m | 0.97% | +18.0% | +13.9% | +4.1 pts |
| 4 | TBF | ProShares Short 20+ Year Treasury | -1x | $133m | not published | +6.1% | +4.6% | +1.5 pts |
| 5 | UBT | ProShares Ultra 20+ Year Treasury | +2x | $58m | 0.95% | −9.7% | −9.2% | −0.5 pts |
| 6 | TTT | ProShares UltraPro Short 20+ Year Trea | -3x | $20m | 0.95% | +16.9% | +13.9% | +3.1 pts |
Method
The 6 leveraged and inverse ETFs ETFIQ measures on 20+ Year Treasury, of which 6 publish net assets. Between them they state -3x, -2x, -1x, +2x, +3x. Each fund’s difference is its own return minus what its stated multiple implies over the same days, which is a different number for every multiple on the list. Over the same days 20+ Year Treasury itself returned −4.6%. Of each difference the part that is compounding rather than the fund is the same for every fund stating a given multiple, −0.2 at -3x, −0.1 at -2x, 0.0 at -1x, 0.0 at +2x, +0.1 at +3x, in percentage points. What is left is the fund. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
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Where these figures came from
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Cite this page. ETFIQ, Every leveraged ETF on TLT, largest first, ranked by net assets, data as of Sep 11, 2026. https://etfiq.com/rankings/leverage-largest-on-tlt Free to use with attribution; the underlying files are at Open data.