How many trading--leveraged debt ETFs are there?

MetaCap tracks 7 US-listed trading--leveraged debt ETFs with about $2.1B in combined assets.

What is the largest trading--leveraged debt ETF?

Direxion Daily 20-Yr Treasury Bull 3x Shrs (TMF) is the largest, with about $2.0B in assets under management.

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

Among the funds shown, Direxion Daily 20-Yr Treasury Bull 3x Shrs (TMF) has the lowest expense ratio at 0.90% per year, or $90 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 Debt ETFs

7 trading--leveraged debt ETFs ranked by assets under management. Updated October 10, 2026.

Total assets

$2.1B

MetaCap lists 7 US-listed ETFs in the Trading--Leveraged Debt category, holding a combined $2.1B in assets. The largest by assets are TMF ($2.0B), UBT ($56.9M) and TYD ($25.8M). Expense ratios range from 0.90% to 1.07% (median 0.95%); TMF is the lowest-cost fund shown at 0.90% a year. On the latest trading day, 4 of 7 funds were higher, with an average move of -0.04%.

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

Largest trading--leveraged debt ETFs by assets

Trading--Leveraged Debt ETFs by assets under management
#	Symbol	Fund Name	Price	% Change	AUM	Expense Ratio
1	TMF	Direxion Daily 20-Yr Treasury Bull 3x Shrs	25.99	+0.35%	$1.96B	0.90%
2	UBT	ProShares Ultra 20+ Year Treasury	13.34	+0.15%	$56.94M	0.95%
3	TYD	Direxion Daily 10-Yr Treasury Bull 3x Shrs	20.05	-0.40%	$25.82M	1.07%
4	UST	ProShares Ultra 7-10 Year Treasury	38.04	-0.38%	$14.56M	0.95%
5	UJB	ProShares Ultra High Yield ETF	74.30	+0.16%	$7.37M	0.95%
6	HYGU	MicroSectors 3x Long High Yield Corporate Bond (HYG) ETNs	22.90	+0.19%	$4.54M	0.95%
7	LQDU	MicroSectors 3x Long Investment Grade Corporate Bond (LQD) ETNs	22.36	-0.32%	$4.42M	0.95%

Frequently asked questions

How many trading--leveraged debt ETFs are there?: MetaCap tracks 7 US-listed trading--leveraged debt ETFs with about $2.1B in combined assets.
What is the largest trading--leveraged debt ETF?: Direxion Daily 20-Yr Treasury Bull 3x Shrs (TMF) is the largest, with about $2.0B in assets under management.
Which Trading--Leveraged Debt ETF has the lowest expense ratio?: Among the funds shown, Direxion Daily 20-Yr Treasury Bull 3x Shrs (TMF) has the lowest expense ratio at 0.90% per year, or $90 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 10, 10:10 PM EDT. Market data is delayed at least 15 minutes and provided for informational purposes only. Not investment advice. Full disclaimer