Taking a Closer Look at Leveraged ETFs

Jim Pyke submits:

Interest in leveraged ETFs has risen along with interest in regular ETFs. These amplified versions of base ETFs provide investors an easy way to gain more exposure with fewer investing dollars. However, leveraged ETFs carry their own risks that might leave unsuspecting investors surprised when the end of the year rolls around. Here is a quick overview of some common leveraged ETFs:

Leveraged ETFs

Ticker	Name	Effective ETF Benchmark	Leverage/ Direction	Assets ($ billions)
SSO	ProShares Ultra S&P500	SPY	2x	1.82
SDS	ProShares UltraShort S&P500	SPY	-2x	2.03
QLD	ProShares Ultra QQQ	QQQ	2x	0.91
QID	ProShares UltraShort QQQ	QQQ	-2x	0.69
TQQQ	ProShares UltraPro QQQ	QQQ	3x	0.17
SQQQ	ProShares UltraPro Short QQQ	QQQ	-3x	0.08
DGP	PowerShares DB Gold Double Long ETN	GLD	2x	0.58
DZZ	PowerShares DB Gold Double Short ETN	GLD	-2x	0.07
XPP	ProShares Ultra FTSE China 25	FXI	2x	0.05
FXP	ProShares UltraShort FTSE

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