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

Sector Volatility Pairs

Trade entire sectors with leveraged instruments

Sector Name	Core ETF	Bull 3x	Bear 3x
Semiconductors	SOXX	SOXL	SOXS
Technology	XLK	TECL	TECS
Biotech	XBI	LABU	LABD
Financials	XLF	FAS	FAZ
Regional Banks	KRE	DPST	DPEN
Real Estate	XLRE	DRN	DRV
Retail	XRT	RETL	-