Investing Assets & Markets Exchange-Traded Funds List of 2x Leveraged ETFs and ETNs By Mark Kennedy Updated on July 31, 2021 Reviewed by Charles Potters Photo: Jamie Grill / Getty Images Leveraged exchange-traded funds (ETFs) and exchange-traded notes (ETNs) have only been around since 1993, but interest in them received a big boost from the prolonged bull market. These investment vehicles are not for amateur investors, but for those considering taking the plunge, below is a comprehensive list of ETFs and ETNs available. Defining a Leveraged ETF and ETN A leveraged ETF is designed to mirror an index such as the S&P 500, but the fund uses financial derivatives and debt to amplify the returns of that underlying index. The funds aim to keep a constant amount of leverage during the investment time frame, typically a 2–3x ratio. In other words, a leveraged 2x ETF will maintain a $2 exposure to the index for every $1 of investor capital, in hopes of getting twice the return of investors in the underlying index. An ETN is issued as a senior debt note, not a stake in an underlying commodity, and like bonds, they are unsecured debt. Leveraged index ETFs are often marketed as bull or bear funds. For example, a leveraged bull ETF might attempt to achieve daily returns that are 2x or 3x more pronounced than the Dow Jones Industrial Average or the S&P 500. As with any leveraged ETF, you need to know that the targeted leveraged return is on the daily performance, not the annual return. List of Funds AGQ: Ultra Silver ProShares ETF AMJL: Credit Suisse X-Links Monthly Pay 2x Leveraged Alerian MLP Index ETN BDCL: UBS 2X Leveraged Long Wells Fargo Business Development Company ETN BIB: Ultra NASDAQ Biotechnology ETF BIS: Ultra Short NASDAQ Biotechnology ETF BOIL: ProShares Ultra DJ-UBS Natural Gas ETF BZQ: UltraShort MSCI Brazil ProShares ETF CEFL: Etracs Monthly Pay 2x Leveraged Closed-End Fund ETN CHAU: Direxion Daily CSI 300 China A Share Bull 2x ETF CROC: ProShares UltraShort Australian Dollar ETF DDM: Ultra Dow 30 ProShares ETF DGP: PDB Gold Double Long ETN DIG: Ultra Oil & Gas ProShares ETF DRR: Market Vectors Double Short Euro ETN DSXJ: JP Morgan 2X Short US 10 Year Treasury Futures ETN DTO: DB Crude Oil Double Short ETN DUG: UltraShort Oil & Gas ProShares ETF DVYL: Etracs Monthly Pay 2x Leveraged Dow Jones Select Dividend Index ETN DXD: UltraShort Dow 30 ProShares ETF DZZ: DB Gold Double Short ETN EET: Ultra MSCI Emerging Mkts ProShares ETF EEV: UltraShort MSCI Emerging Markets ProShares ETF EFO: Ultra MSCI EAFE ProShares ETF EFU: UltraShort MSCI EAFE ProShares ETF EPV: UltraShort MSCI Europe ProShares EUO: ProShares UltraShort Euro ETF EWV: UltraShort MSCI Japan ProShares ETF EZJ: Ultra MSCI Japan ProShares ETF FXP: UltraShort FTSE/Xinhua China25 Proshares ETF GLL: UltraShort Gold ProShares ETF HOML: Etracs Monthly Reset 2x Leveraged ISE Exclusively Homebuilders ETN KOLD: UltraShort DJ-UBS Natural Gas ETF LTL: Ultra Telecommunications ProShares ETF LRET: Etracs Monthly Pay 2xLeveraged MSCI US REIT Index ETN MLPQ: Etracs 2x Monthly Leveraged Alerian MLP Infrastructure ETN Series B MLPZ: Etracs 2x Monthly Leveraged S&P MLP Index ETN Series B MVV: Ultra Mid Cap 400 ProShares ETF MZZ: UltraShort Mid Cap 400 ProShares ETF PILL: Direxion Daily Pharmaceutical & Medical Bull 2X Shares ETF PST: UltraShort 7-10 Year Treasury ProShares ETF QID: UltraShort QQQ ProShares ETF QLD: Ultra QQQ ProShares ETF RETL: Direxion Daily Retail Bull 2X Shares ETF REW: UltraShort Technology ProShares ETF ROM: Ultra Technology ProShares ETF RXD: UltraShort Health Care ProShares ETF RXL: Ultra Health Care ProShares ETF SAA: Ultra Small Cap 600 ProShares ETF SCC: UltraShort Consumer Services ProShares ETF SCO: UltraShort DJ-UBS Crude Oil ProShares ETF SDD: UltraShort Small Cap 600 ProShares ETF SDP: UltraShort Utilities ProShares ETF SDS: UltraShort S&P500 ProShares ETF SDYL: Etracs Monthly Pay 2x Leveraged S&P Dividend ETN SIJ: UltraShort Industrials ProShares ETF SKF: UltraShort Financials ProShares ETF SMLL: Direxion Daily Small Cap Bull 2X Shares ETF SMN: UltraShort Basic Materials ProShares ETF SMHD: $100,000,000 ETRACS Monthly Pay 2x Leveraged US Small Cap High Dividend ETN due February 6, 2045 SRS: UltraShort Real Estate ProShares ETF SSG: UltraShort Semiconductor ProShares ETF SSO: Ultra S&P 500 ProShares ETF SZK: UltraShort Consumer Goods ProShares ETF TBT: UltraShort 20+ Year Treasury ProShares ETF TVIX: VelocityShares Daily 2x VIX Short Term ETN TWM: UltraShort Russell 2000 ProShares ETF UBR: Ultra MSCI Brazil ETF UBT: Ultra 20+ Year Treasury ETF UCC: Ultra Consumer Services ProShares ETF UCO: Ultra DJ-UBS Crude Oil ProShares ETF UGE: Ultra Consumer Goods ProShares ETF UGL: Ultra Gold ProShares ETF UJB: ProShares Ultra High Yield Bond ETF ULE: Ultra Euro ProShares ETF UPV: Ultra MSCI Europe ETF UPW: Ultra Utilities ProShares ETF URE: Ultra Real Estate ProShares ETF URR: Market Vectors Double Long Euro ETN USD: Ultra Semiconductor ProShares ETF UST: Ultra 7-10 Year Treasury ETF UVXY: ProShares Ultra VIX Short-Term Futures ETF UWM: Ultra Russell 2000 ProShares ETF UXI: Ultra Industrials ProShares ETF UYG: Ultra Financials ProShares ETF UYM: Ultra Basic Materials ProShares ETF XPP: Ultra FTSE/Xinhua China 25 ProShares ETF YCL: Ultra Yen ProShares ETF YCS: UltraShort Yen ProShares ETF ZSL: ProShares UltraShort Silver ETF Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Securities and Exchange Commission. "A Quarter Century of Exchange-Traded Fun!" ETF.com. "AGQ." ETF.com. "AMJL." ETF.com. "BDCL." ETF.com. "BIB." ETF.com. "BIS." ETF.com. "BOIL." ETF.com. "BZQ." ETF.com. "CEFL." ETF.com. "CHAU." ETF.com. "CROC." ETF.com. "DDM." ETF.com. "DGP." ETF.com. "DIG." ETF.com. "DRR." ETF Database. "DSXJ." ETF.com. "DTO." ETF.com. "DUG." ETF.com. "DVYL." ETF.com. "DXD." ETF.com. "DZZ." ETF.com. "EET." ETF.com. "EEV." ETF.com. "EFO." ETF.com. "EFU." ETF.com. "EPV." ETF.com. "EUO." ETF.com. "EWV." ETF.com. "EZJ." ETF.com. "FXP." ETF.com. "GLL." ETF.com. "HOML." ETF.com. "KOLD." ETF.com. "LTL." ETF.com. "LRET." ETF.com. "MLPQ." ETF.com. "MLPZ." ETF.com. "MVV." ETF.com. "MZZ." ETF.com. "PILL." ETF.com. "PST." ETF.com. "QID." ETF.com. "QLD." ETF.com. "RETL." ETF.com. "REW." ETF.com. "ROM." ETF.com. "RXD." ETF.com. "RXL." ETF.com. "SAA." ETF.com. "SCC." ETF.com. "SCO." ETF.com. "SDD." ETF.com. "SDP." ETF.com. "SDS." ETF.com. "SDYL." ETF.com. "SIJ." ETF.com. "SKF." ETF.com. "SMLL." ETF.com. "SMN." ETF.com. "SMHD." ETF.com. "SRS." ETF.com. "SSG." ETF.com. "SSO." ETF.com. "SZK." ETF.com. "TBT." ETF.com. "TVIX." ETF.com. "TWM." ETF.com. "UBR." ETF.com. "UBT." ETF.com. "UCC." ETF.com. "UCO." ETF.com. "UGE." ETF.com. "UGL." ETF.com. "UJB." ETF.com. "ULE." ETF.com. "UPV." ETF.com. "UPW." ETF.com. "URE." ETF.com. "URR." ETF.com. "USD." ETF.com. "UST." ETF.com. "UVXY." ETF.com. "UWM." ETF.com. "UXI." ETF.com. "UYG." ETF.com. "UYM." ETF.com. "XPP." ETF.com. "YCL." ETF.com. "YCS." ETF.com. "ZSL."