These ETFs track the Dow Jones U.S. Oil & Gas Index. They are double leveraged ETFs with expense ratios of 0.95%. The high volatility in this sector can give investors 10-15% returns in a week.
ProShares Ultra Basic Materials (NYSEArca: UYM) & ProShares UltraShort Basic Materials ETF (NYSEArca: SMN)
If you have the stomach for risk, then a leveraged ETF in the materials sector can potentially take you for the ride of your life.
ProShares Ultra Semiconductors ProShares (NYSEArca: USD) & ProShares UltraShort Semiconductor (NYSEArca: SSG)
Finally, if you are bullish on the tech sector, then you may want a hand in these leveraged ETFs. The tech sector is not as volatile as the energy or materials sector. In addition, USD is one of the few leveraged ETFs that actually has positions in the relevant stocks it follows.
These are just a sample of the types of leveraged ETFs you can invest in. Remember, if you decide to play your hand in these types of funds, invest with caution. [All About Leveraged ETFs.]
You can find leveraged and inverse ETFs by using our ETF Analyzer and selecting which type of ETF you’d like to see from our drop-down menu.
For more information on long and short ETFs, visit our long-short category.
Sumin Kim contributed to this article.