What is a gold leveraged ETF?

A gold leveraged ETF is a type of exchange-traded fund that leverages the performance of gold assets, allowing investors to gain exposure to the gold market with amplified returns. These ETFs typically use derivatives, such as futures or options, to achieve their leverage. The leverage ratio, which can be greater than 1 or less than -1, determines the magnification factor by which the ETF's returns are multiplied relative to the underlying gold assets. ETFs with Gold Theme; Leverage Ratio > 1 or < -1 |code|market_code|etf code|etf name|Last Price|Last Change|Theme|Leverage Ratio|absolute(Leverage Ratio)| |---|---|---|---|---|---|---|---|---| |GDXU|169|GDXU.P|MicroSectors Gold Miners 3X Leveraged ETNs|304.99|-6.447654999999999||3|3| |SHNY|169|SHNY.P|MicroSectors Gold 3X Leveraged ETNs|19.64|-0.808081||3|3| |JNUG|169|JNUG.P|Direxion Daily Junior Gold Miners Index Bull 2X ETF|265.72|-5.0389539999999995||2|2| |NUGT|169|NUGT.P|Direxion Daily Gold Miners Index Bull 2X ETF|236.98|-3.7097230000000003||2|2| |DGP|169|DGP.P|DB Gold Double Long ETN|226.9549|-1.148517||2|2| |UGL|169|UGL.P|ProShares Ultra Gold|76.38|-0.63744||2|2| |DZZ|169|DZZ.P|DB Gold Double Short ETN|2.5702|7.9915970000000005||-2|2| |JDST|169|JDST.P|Direxion Daily Junior Gold Miners Index Bear 2X ETF|30.06|4.884857||-2|2| |GLL|169|GLL.P|ProShares UltraShort Gold|16.88|0.5959479999999999||-2|2| |DUST|169|DUST.P|Direxion Daily Gold Miners Index Bear 2X ETF|45.05|3.9695359999999997||-2|2|