How many trading--leveraged commodities ETFs are there?

MetaCap tracks 7 US-listed trading--leveraged commodities ETFs with about $2.8B in combined assets.

What is the largest trading--leveraged commodities ETF?

ProShares Ultra Silver (AGQ) is the largest, with about $1.3B in assets under management.

Which Trading--Leveraged Commodities ETF has the lowest expense ratio?

Among the funds shown, ProShares Ultra Gold (UGL) has the lowest expense ratio at 1.19% per year, or $119 a year on a $10,000 investment.

What does AUM mean for an ETF?

Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

Trading--Leveraged Commodities ETFs

7 trading--leveraged commodities ETFs ranked by assets under management. Updated October 9, 2026.

Total assets

$2.8B

MetaCap lists 7 US-listed ETFs in the Trading--Leveraged Commodities category, holding a combined $2.8B in assets. The largest by assets are AGQ ($1.3B), UGL ($765.5M) and UCO ($402.2M). Expense ratios range from 1.19% to 1.47% (median 1.34%); UGL is the lowest-cost fund shown at 1.19% a year. On the latest trading day, 2 of 4 funds were higher, with an average move of +0.28%.

Summary generated from market data by MetaCap's automated system. Methodology

Largest trading--leveraged commodities ETFs by assets

Trading--Leveraged Commodities ETFs by assets under management
#	Symbol	Fund Name	Price	% Change	AUM	Expense Ratio
1	AGQ	ProShares Ultra Silver	64.14	-1.54%	$1.27B	1.29%
2	UGL	ProShares Ultra Gold	45.08	+1.46%	$765.47M	1.19%
3	UCO	ProShares Ultra Bloomberg Crude Oil	57.05	+4.49%	$402.17M	1.47%
4	BOIL	ProShares Ultra Bloomberg Natural Gas	21.41	-3.30%	$305.23M	1.39%

Frequently asked questions

How many trading--leveraged commodities ETFs are there?: MetaCap tracks 7 US-listed trading--leveraged commodities ETFs with about $2.8B in combined assets.
What is the largest trading--leveraged commodities ETF?: ProShares Ultra Silver (AGQ) is the largest, with about $1.3B in assets under management.
Which Trading--Leveraged Commodities ETF has the lowest expense ratio?: Among the funds shown, ProShares Ultra Gold (UGL) has the lowest expense ratio at 1.19% per year, or $119 a year on a $10,000 investment.
What does AUM mean for an ETF?: Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

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Prices as of Oct 9, 7:58 AM EDT. Market data is delayed at least 15 minutes and provided for informational purposes only. Not investment advice. Full disclaimer