Give me a strong Nasdaq etf leveraged
11/8/2024 00:44am
Given your interest in a strong, leveraged Nasdaq ETF, we should focus on leveraged ETFs that track the Nasdaq-100 index. Here's a breakdown of the options available:
1. **ProShares UltraPro QQQ (TQQQ)**:
- **Leverage**: 3X
- **Benchmark**: NASDAQ-100
- **AUM**: $21.9 billion
- **Expense Ratio**: 0.88%
- **Daily Volume**: 67.3 million shares
- **Risk**: High volatility and daily rebalancing effects, suitable for short-term trading and experienced traders.
2. **Direxion Nasdaq-100 Equal Weighted ETF (QQQE)**:
- **Leverage**: 1X (no leverage)
- **Benchmark**: NASDAQ-100 Equal Weighted Index
- **AUM**: Not available
- **Expense Ratio**: Not available
- **Risk**: Lower volatility compared to leveraged ETFs, suitable for long-term investment and those who want exposure to the Nasdaq-100 without amplifying returns.
For leveraged exposure, **TQQQ** is the strongest option with a 3X multiplier, making it suitable for traders looking to amplify gains in line with the Nasdaq-100. However, it comes with higher risk and volatility, as discussed in **[2]**. If you are considering a leveraged ETF for the first time, it's crucial to understand the compounding effect of leverage and the potential for significant losses as well as gains in a shorter period.