2x & 3x Leveraged ETF Cheat Sheet

The ultimate reference for leveraged instruments, volatility pairs, and strategic hedging tools.

System Metadata & Rules

Essential rules for trading leveraged instruments

Leverage Rules

Daily reset: targets ±2x or ±3x of the UNDERLYING'S DAILY return. Single-day 'move to ~0' math (approx): 3x bull needs ~-33.3% day; 3x bear needs ~+33.3% day. 2x bull ~-50% day; 2x bear ~+50% day. Multi-day returns can deviate due to compounding/volatility drag.

Instrument Types

ETF: Asset-backed
ETN: Note-based (Credit Risk)

Primary Issuers

Direxion

ProShares

MicroSectors

GraniteShares

T-Rex

Leverage Shares

Treasury 20Y

Bet on Rates DOWN vs Rates UP

Bull 3x

TMF

Bear 3x

TMV

Treasury 7-10Y

Bull 3x

TYD

Bear 3x

TYO

2x & 3x Leveraged ETF Cheat Sheet

The ultimate reference for leveraged instruments, volatility pairs, and strategic hedging tools.

System Metadata & Rules

Essential rules for trading leveraged instruments

Leverage Rules

Instrument Types

ETF: Asset-backed
ETN: Note-based (Credit Risk)

Primary Issuers

Direxion

ProShares

MicroSectors

GraniteShares

T-Rex

Leverage Shares

Treasury 20Y

Bet on Rates DOWN vs Rates UP

Bull 3x

TMF

Bear 3x

TMV

Treasury 7-10Y

Bull 3x

TYD

Bear 3x

TYO