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|
|2x Long||SPUU, SSO||Xtrackers|
|1x Short||SPDN, SH||Xtrackers|
|3x Short||SPXS, SPXU||WisdomTree|
|Nasdaq 100||3x Long||TQQQ||WisdomTree|
|Emerging Markets||3x Long||EDC||WisdomTree|
|FTSE 100||3x Long||N/A||WisdomTree|
|DAX 30||3x Long||N/A||WisdomTree|
|CAC 40||2x Long||N/A||Lyxor|
|MIB 40||3x Long||N/A||WisdomTree|
|Bonds||Leverage||U.S. ETF||European alternative|
|10Y U.S. Bonds||3x Long||TYD||WisdomTree|
|10Y U.K. Bonds||3x Long||N/A||WisdomTree|
|10Y German Bunds||3x Long||N/A||WisdomTree|
|10Y Italian BTP||3x Long||N/A||WisdomTree|
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!
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:
Hi, good tip, I’ll look into updating the list!
Do some of the European leveraged ETFs also have options?
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!