Leveraged ETF

Leveraged ETFs are securities that attempt to replicate multiples of the performance of an underlying financial index. So if the index X goes up 10%, then a possible leveraged ETF of index X could see 30% returns.

A Leveraged ETF can also come in the form of an inverse where returns are based on the opposite returns of the index it is tracking.

Also see exchange-traded fund (ETF).

The Wild Investor: A Leveraged ETF. Is It A Good Investment?