For you lovers of lots of risk with the potential for much greater reward, the Direxion 3x leveraged ETF’s may be right up your rally. Since debuting in 2008 they have proven to be extremely popular, particularly with shorter term traders looking for a good hedging instrument or just a good old fashioned day trade. Granted, there is considerable risk such as the fact they are leveraged 3x and the performance deteriorates over time in a non trending market. That is they amplify returns on a daily basis only using complex financial instruments such as swaps and futures which are reset each day. Over time, in a non-trending volatile market, returns can deviate quite a bit from the underlying index. Suffice it to say that these are not buy and hold investments and should only be used by experienced traders who are able to monitor the market closely.
With that being said, here’s a list of the most popular Direxion 3x ETFs. The lists are separated into two sections – bull and bear funds.
Direxion 3x Bull ETF Funds
These ETFs attempt to return 3x the daily move of the underlying index
Ticker |
Direxion 3x ETF |
Avg Shares Traded/Day |
Trend Analysis |
FAS |
Financial Bull 3x |
25 million |
|
TNA |
Small Caps Bull 3x |
8 million |
|
BGU |
Large Caps Bull 3x |
5 million |
|
ERX |
Energy 3x Bull |
2.8 million |
|
EDC |
Emerging Markets Bull 3x |
900K |
|
DRN |
Real Estate Bull 3x |
600K |
|
TYH |
Technology Bull 3x |
435K |
|
MWJ |
Mid Cap Bull 3x |
60K |
|
CZM |
China Bull 3x |
45K |
|
LBJ |
Latin American Bull3x |
45K |
|
TMF |
30 Yr Treasury Bull |
35K |
Direxion 3x Bear ETF Funds
These ETFs attempt to return 3x the daily inverse move of the underlying index
Ticker |
Direxion 3x ETF |
Avg Shares Traded/Day |
Trend Analysis |
FAZ |
Financial Bear 3x |
57 million |
|
TZA |
Small Caps Bear 3x |
26 million |
|
BGZ |
Large Caps Bear 3x |
7.5 million |
|
EDZ |
Emerging Markets Bear 3x |
6.6 million |
|
ERY |
Energy Bear 3x |
2.8 million |
|
DRV |
Real Estate Bear 3x |
2.6 million |
|
TYP |
Technology Bear 3x |
800K |
|
TMV |
30 Year Treasury Bear 3x |
100K |
|
MWN |
Mid Cap Bear 3x |
55K |
|
CZI |
China Bear 3x |
17K |