If you are looking to invest in leveraged 📈 or inverse ETFs from Europe/U.K., you’ll soon find that popular American products are not generally available through European brokers. Below I have compiled an overview of European leveraged and inverse ETFs, as alternatives to their popular 🦅 U.S. counterparts.
Though providers such as Direxion, ProShares, and VelocityShares offer many leveraged products for indexes, sectors, and commodities, such ETFs (and ETNs) cannot be offered to Europeans due to ⚖️ PRIIPs regulations.
If no suitable European variants exist for your purposes, you can instead buy the U.S. ETFs directly through a U.S. based broker, even while residing in 🌍 Europe. Follow this link to learn more about this method.
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Overview of European leveraged and inverse ETFs
Please find below a compilation of popular U.S. leveraged and inverse ETFs along with their European alternatives.
| Equities | Leverage | U.S. ETF | European alternative |
|---|---|---|---|
| S&P 500 | 3x Long | SPXL, UPRO | WisdomTree IE00B7Y34M31 |
| 2x Long | SPUU, SSO | Xtrackers LU0411078552 | |
| 1x Short | SPDN, SH | Xtrackers LU0322251520 | |
| 2x Short | SDS | Xtrackers LU0411078636 | |
| 3x Short | SPXS, SPXU | WisdomTree IE00B8K7KM88 | |
| Nasdaq 100 | 3x Long | TQQQ | WisdomTree IE00BLRPRL42 |
| 2x Long | QLD | Lyxor FR0010342592 | |
| 3x Short | SQQQ | WisdomTree IE00BLRPRJ20 | |
| Europe | 3x Long | EURL | WisdomTree IE00B7SD4R47 |
| 2x Long | UPV | Lyxor FR0010468983 | |
| 1x Short | N/A | Lyxor FR0010424135 | |
| 2x Short | EPV | Lyxor FR0010424143 | |
| 3x Short | N/A | WisdomTree IE00B8JF9153 | |
| Emerging Markets | 3x Long | EDC | WisdomTree IE00BYTYHN28 |
| 3x Short | EDZ | WisdomTree IE00BYTYHM11 | |
| FANG+ | 3x Long | FNGU | GraniteShares XS2305050804 |
| 1x Short | GNAF | GraniteShares XS2305051109 | |
| 3x Short | FNGD | GraniteShares XS2305051018 | |
| FTSE 100 | 3x Long | N/A | WisdomTree IE00B88D2999 |
| 2x Long | N/A | WisdomTree IE00B94QKC83 | |
| 1x Short | N/A | WisdomTree IE00B94QKG22 | |
| 2x Short | N/A | WisdomTree IE00B94QKF15 | |
| 3x Short | N/A | WisdomTree IE00B7VB3908 | |
| DAX 30 | 3x Long | N/A | WisdomTree IE00B878KX55 |
| 2x Long | N/A | Xtrackers LU0411075376 | |
| 1x Short | N/A | Xtrackers LU0292106241 | |
| 2x Short | N/A | Xtrackers LU0411075020 | |
| 3x Short | N/A | WisdomTree IE00B8GKPP93 | |
| CAC 40 | 2x Long | N/A | Lyxor FR0010592014 |
| 1x Short | N/A | Lyxor FR0010591362 | |
| 2x Short | N/A | Lyxor FR0010411884 | |
| MIB 40 | 3x Long | N/A | WisdomTree IE00B8NB3063 |
| 2x Long | N/A | Lyxor FR0010446658 | |
| 1x Short | N/A | Lyxor FR0010446146 | |
| 2x Short | N/A | Lyxor FR0010446666 | |
| 3x Short | N/A | WisdomTree IE00B873CW36 |
| Bonds | Leverage | U.S. ETF | European alternative |
|---|---|---|---|
| 10Y U.S. Bonds | 3x Long | TYD | WisdomTree IE00BKT09032 |
| 2x Short | PST | Lyxor FR0011607084 | |
| 3x Short | TYO | WisdomTree IE00BKS8QT65 | |
| 10Y U.K. Bonds | 3x Long | N/A | WisdomTree IE00BKT09479 |
| 1x Short | N/A | WisdomTree IE00BF4TW560 | |
| 3x Short | N/A | WisdomTree IE00BKS8QQ35 | |
| 10Y German Bunds | 3x Long | N/A | WisdomTree IE00BKT09255 |
| 1x Short | N/A | Lyxor LU0530119774 | |
| 2x Short | N/A | Lyxor FR0010869578 | |
| 3x Short | N/A | WisdomTree IE00BKS8QN04 | |
| 10Y Italian BTP | 3x Long | N/A | WisdomTree IE00BKT09149 |
| 1x Short | N/A | Lyxor LU1523098561 | |
| 2x Short | N/A | Lyxor FR0011023621 | |
| 3x Short | N/A | WisdomTree IE00BKT09149 |
Unfortunately, there aren’t nearly as many products available to Europeans as to Americans. Thus many specific variants (such as 2x inverse) may be unavailable, sector ETFs are missing altogether, expense ratios 💶 may be higher in Europe, and you may have to deal with lower volume and ETFs only being offered on specific exchanges.
Alternative options for Europeans
Personally I am a big fan of leveraged ETFs, as I got inspired by Hedgefundie’s Excellent Adventure which utilizes ETFs such as TQQQ, UPRO, and TMF.
Additionally, I occasionally buy sector specific ETFs such as DFEN, 💻 SOXL, FAS, and YINN. Since none of these are available in Europe, I developed a method of buying them directly through a U.S. based broker. This will allow you to buy any U.S. domiciled ETF, even if you live in Europe. If you are interested in this method, you can find the guide here.
To obtain leverage on otherwise unleveraged stocks and ETFs, one could also consider the use of CFDs. For more information on that, check out my CFD guide.
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Do you know of any other suitable European alternatives? Leave a comment below and share your 🧠 knowledge!
Thanks for sharing!!!! Was indeed stumped with my broker for the TQQQ/
nice list. you saved me alot of work to find this
Hello! Thank you first of all for this page, you can’t imagine how useful it is! I have a couple of questions:
1. I can’t find the Graniteshares fngu ETF on my broker (Degiro). Do you know of other ETFs for 3x or 2x long faang+ that can be bought in Europe?
2. Are you aware of European leveraged ETFs that target specific sectors? For example the equivalent of SOXL, FAS, PILL, LABU…
3. How did you find out the ETFs that you’ve mentioned in this page? When it comes to US ETFs i generally start from Google search, but your page is literally the only one on the topic…
Thanks a lot!
Hi Simone, as for DeGiro, it’s quite common for certain products to be missing from their platform. Best would be to request it be added. You can send them an email with the following details: ISIN, currency, ticker symbol, and exchange. Keep in mind that some products cannot be offered in certain countries (or are available to institutional clients only). Generally it takes a few weeks for them to add a newly requested product.
Should it not be possible to have the product added, then I can recommend using the justETF screener to search for alternatives. Here you can filter on leveraged ETFs, among other things. Another good resource is the Morningstar screener.
I did look into leveraged sector ETFs, but there don’t really seem to be any UCITS alternatives for those, unfortunately… Personally I use Tastyworks to get around these restrictions.
Indeed it took me quite some effort to compile the entire list. You’d expect such information to be more readily available, but alas. Very happy to hear it’s been valuable to you!
QQQ3 (WISDOMTREE
IE00BLRPRL42) has just been removed from Degiro. Do you have any alternative? Thanks!
Hi Fernando, are you sure it got removed? Perhaps it wasn’t available to begin with? You can request DeGiro to add missing ETFs if you shoot them an email. I’ve done it a few times myself. If they did remove it, then that would be really unfortunate. Perhaps you can try Interactive Brokers?
Sector ETPs just added, along with some “Ark” Trackers and 3x All-World:
https://leverageshares.com/en/insights/leverage-shares-launches-record-42-new-etps/
Hi, good tip, I’ll look into updating the list!
Do some of the European leveraged ETFs also have options?
Anyone got a European option for playing LABU? Struggling to find. Many thanks.
You can get it on Tastyworks, just checked for you. Don’t think there’s a European alternative, but you can try checking justETF.
Thanks very helpful. I can buy all the US-based ETFs, but for my corporate account, I want to buy EU-based ETFs for tax purposes. Very helpful!
THANKS
Im in the EU I would like to buy TSLY… KLIP.. OARK.. Can I get them on Tasty Trade
Thanks
I checked for you and no problem; you can buy all of these fancy ETFs! 🙂
This is great, thanks so much.