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25 Best Long ETFs (Bullish ETFs) in 2024

December 22, 2023

Exchange-traded funds, or ETFs, are a great way to invest in the stock market as a whole, a specific industry, or an index. ETFs trade like stocks, meaning their price fluctuates each day as buyers and sellers trade shares. Thus, the value of an ETF is not calculated like a mutual fund.

Long ETFs are a great way for investors to go long on different sectors or indices without having to actually buy physical shares of stock.

With leveraged ETFs, Ultra (2x) and UltraPro (3x), the return is twice and triple the regular performance of the benchmark index the ETF tracks. Note this is twice the DAILY return; leveraged ETFs should not be traded long, only day traded, to avoid pricing differentiation. Read this article from ETFDB, 7 Risks of Trading Leveraged ETFs and How to Avoid Them for important education on leveraged ETFs.

Following up on our popular post Inverse / Short ETFs For Bearish Investors, here is a full list of the best long and leveraged ETFs, including 2x and 3x long (bullish) ETFs.

Long / Bullish S&P 500 ETFs (1x, 2x, 3x)

ETF NAME TICKER LEVERAGE BENCHMARK INDEX
Long S&P 500 SPY 1x S&P 500
UltraLong S&P 500 SSO 2x S&P 500
Direxion S&P 500 Bull 2x SPUU 2x S&P 500 Index
UltraPro Long S&P 500 UPRO 3x S&P 500
Direxion S&P 500 Bull 3x SPXL 3x S&P 500 Index
Long Mid Cap 400 IJH 1x S&P Mid Cap 400
UltraLong Mid Cap 400 MVV 2x S&P Mid Cap 400
Direxion Mid Cap Bull 2x MDLL 2x S&P Mid Cap 400 Index
UltraPro Long Mid Cap 400 UMDD 3x S&P Mid Cap 400
Direxion Mid Cap Bull 3x MIDU 3x S&P Mid Cap 400 Index
UltraPro Long Small Cap 600 SAA 3x S&P Small Cap 600

Long / Bullish NASDAQ 100 ETFs (1x, 2x, 3x)

ETF NAME TICKER LEVERAGE BENCHMARK INDEX
Long QQQ QQQ 1x Nasdaq 100
UltraLong QQQ QLD 2x Nasdaq 100
UltraPro Long QQQ TQQQ 3x Nasdaq 100

Long / Bullish Russell ETFs (1x, 2x, 3x)

ETF NAME TICKER LEVERAGE BENCHMARK INDEX
Long Russell 2000 IWM 1x Russell 2000
UltraLong Russell 2000 UWM 2x Russell 2000
Direxion Small Cap Bull 2x SMLL 2x Russell 2000
UltraPro Long Russell 2000 URTY 3x Russell 2000
Direxion Small Cap Bull 3x TNA 3x Russell 2000
Direxion Financial Long 3x FAS 3x Russell 1000 Financial Services
Direxion Retail Long 3x RETL 3x Russell 1000 Retail
Direxion Energy Long 3x ERX 3x Russell 1000 Energy

Long / Bullish Dow Jones ETFs (1x, 2x, 3x)

ETF NAME TICKER LEVERAGE BENCHMARK INDEX
Long Dow 30 DIA 1x Dow Jones Industrial Average
UltraLong Dow 30 DDM 2x Dow Jones Industrial Average
UltraPro Long Dow 30 UDOW 3x Dow Jones Industrial Average

See how leveraged and unleveraged ETFs (exchange-traded funds) trade differently in this demo using Webull’s trading platform.

What is an ETF?

An exchange-traded fund, or ETF, is a basket of individual securities held under one product that tracks an index, group of stocks, commodity, etc. but is traded like a stock on a stock exchange. The first big point to note is that an ETF is NOT a mutual fund; ETFs prices change throughout the day just like a stock. You can read more about ETFs and how they work in this article.

The most popular ETFs are the index funds. Want to invest in the NASDAQ? Then buy shares of ETF "QQQ". Want to be short the NASDAQ? Then buy some shares of "PSQ", which is the 1x inverse of the Nasdaq 100. There are also ETFs that track the S & P 500, e.g. "SPY", and the Dow Jones Industrials has the "DIA".

Bottom line: Every major stock market index has an ETF representing both long and short.

What is a bullish ETF?

A bullish ETF is an exchange-traded fund that moves more in the same direction than its reference stock or index. Though these investments are called “bullish,” note that they are just leveraged in the same direction as the reference stock or index. That can lead to significant losses when the reference declines.

What is a 3x Bull ETF?

A 3x Bull ETF uses leverage to provide its investors three times the daily (or some other period’s) performance of an underlying stock, index, or other financial asset. For example, if the Dow moves up by 2% in a day, a corresponding 3x daily Bull ETF should increase in value by 6%.

What is 2x leverage?

An investment with 2x leverage should experience twice the performance of an underlying financial asset, which could be an index, a stock, or virtually any financial asset. Be sure to read the fine print to determine how that leverage is obtained and what it costs.

Read Next

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About the Editorial Team

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Sam Levine, CFA, CMT
Sam Levine, CFA, CMT

Sam Levine is a writer, investor and educator with nearly three decades of experience in the investing industry. His specialty is making even the most complicated investing concepts easy to understand for beginning and intermediate investors. He holds two of the most widely recognized certifications in the investment management industry, the Chartered Financial Analyst and the Chartered Market Technician designations. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is Managing Editor for Reink Media Group and the lead editor for content on investor.com. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis has led research at Reink Media Group since 2016 and brings over 20 years of experience with the online brokerage industry. Steven has served as a registered commodity futures representative for domestic and internationally regulated brokerages and holds a Series III license in the US as a Commodity Trading Advisor (CTA).

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