Explore ETFs

Leveraged & Inverse ETFs

Pioneering Geared Investing

Leveraged (2x, 3x) and inverse (-1x, -2x, -3x) ETFs let investors magnify bullish or bearish views on indexes, sectors, single stocks, and more. These ETFs were first introduced by ProShares in 2006.

why leverage?

Magnify a bullish view with leveraged ETFs

Overweight holdings within a sector

Track broad market indexes, or narrow sectors or industries

Designed to magnify the one day returns of a benchmark

why inverse?

Express a bearish view with inverse ETFs

Designed to increase in value as the benchmark or stock they follow falls

Hedge against a company or sector decline

Seeks the inverse of the one day return of a benchmark

Go Further

Explore ProShares Leveraged and Inverse Nasdaq-100 ETFs

Looking for a Nasdaq-100 ETF? Only ProShares offers a range of leveraged and inverse ETFs exclusively indexed to the Nasdaq-100 and related indexes, enabling investors to express bullish or bearish views with a single ETF trade.

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Geared Investing Resources

Browse All Insights

How to hedge market risk while staying invested
Explore research from Dr. Mark Flannery, Bank of America Eminent Scholar in Finance at the University of Florida, on how inverse ETFs can help effectively hedge equity market exposure.
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insight-image Hedging Interest-Rate Risk with Inverse Treasury Bond ETFs

Learn how to measure interest rate risk in your bond portfolio and use inverse Treasury ETFs to reduce duration and hedge against rising rates.

Read the article
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Some ProShares ETFs seek daily investment results that correspond, before fees and expenses, to a multiple of (e.g. 2x or -2x) the daily performance of its underlying benchmark (the “Daily Target”). While the Funds have a daily investment objective, you may hold a Fund’s shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Investing involves risk, including the possible loss of principal. Geared ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks or indexes rise. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Spearate ProShares Trust II prospectuses are available for Volatility, Commodity, and Currency ProShares.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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