ETF Lab
Three kinds of ETF where the name tells you least about what you will get: funds that reset leverage daily, funds that sell options for income, and funds that promise a buffered outcome over a fixed period. Here is what each one has actually delivered, and where it stands now.
Leveraged & inverse
794
$182.3B in assets
Single-stock leveraged
477
Option-income funds
286
$196.5B in assets
Defined-outcome funds
593
$115.0B in assets
Option-income funds
Distribution rate against what happened to the share price.
Payout versus price
| Fund | Type | Distribution rate | Price, 1Y | Price + payouts | Fee | Assets | Pays |
|---|---|---|---|---|---|---|---|
| JEPIJPMorgan Equity Premium Income ETF | Covered Call | 8.0% | −0.3% | +7.8% | 0.35% | $45.8B | Monthly |
| JEPQJ.P. Morgan Nasdaq Equity Premium Income ETF | Covered Call | 11.3% | +5.9% | +17.9% | 0.35% | $44.4B | Monthly |
| QQQINEOS Nasdaq 100 High Income ETF | Covered Call | 13.6% | +2.4% | +16.2% | 0.68% | $15.1B | Monthly |
| SPYINEOS S&P 500 High Income ETF | Covered Call | 11.7% | +2.7% | +14.7% | 0.68% | $12.5B | Monthly |
| QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF | Covered Call | 11.4% | +8.9% | +21.3% | 0.60% | $8.5B | Monthly |
| GPIQGoldman Sachs ETF Trust Goldman Sachs Nasdaq-100 Premium Income ETF | Covered Call | 9.9% | +10.3% | +21.3% | 0.29% | $6.3B | Monthly |
| GPIXGoldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF | Covered Call | 8.1% | +7.9% | +16.7% | 0.29% | $6.1B | Monthly |
| RDVIFT Vest Rising Dividend Achievers Target Income ETF | Covered Call | 8.2% | +9.4% | +18.3% | 0.75% | $3.8B | Monthly |
| XYLDGlobal X S&P 500 Covered Call ETF | Covered Call | 10.3% | +6.1% | +17.1% | 0.60% | $3.4B | Monthly |
| KNGFT Vest S&P 500 Dividend Aristocrats Target Income ETF | Covered Call | 8.6% | −1.2% | +7.3% | 0.74% | $3.3B | Monthly |
| FTHIFirst Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF | Covered Call | 8.8% | +0.8% | +9.7% | 0.75% | $2.6B | Monthly |
| CSHINEOS Enhanced Income 1-3 Month T-Bill ETF | Covered Call | 4.8% | +0.0% | +4.9% | 0.38% | $1.9B | Monthly |
| TLTWiShares 20+ Year Treasury Bond BuyWrite Strategy ETF | Covered Call | 11.9% | −13.7% | −3.4% | 0.35% | $1.7B | Monthly |
| BUYWMain BuyWrite ETF | Covered Call | 5.9% | +2.3% | +8.4% | 0.99% | $1.4B | Monthly |
| BALIiShares U.S. Large Cap Premium Income Active ETF | Covered Call | 7.7% | +9.7% | +18.1% | 0.35% | $1.4B | Monthly |
| BTCINEOS Bitcoin High Income ETF | Covered Call (Bitcoin) | 30.5% | −47.3% | −31.2% | 0.99% | $1.4B | Monthly |
| RYLDGlobal X Russell 2000 Covered Call ETF | Covered Call | 12.0% | +1.8% | +14.1% | 0.60% | $1.3B | Monthly |
| IWMINEOS Russell 2000 High Income ETF | Covered Call | 14.7% | −0.2% | +14.5% | 0.68% | $1.3B | Monthly |
| RSPAInvesco S&P 500 Equal Weight Income Advantage ETF | Covered Call | 9.2% | +2.4% | +11.9% | 0.29% | $1.2B | Monthly |
| ISPYProShares S&P 500 High Income ETF | Covered Call | 5.5% | +6.9% | +12.7% | 0.56% | $1.2B | Monthly |
| CAIECalamos Autocallable Income ETF | Put Write & Other Income | 14.2% | −1.7% | +12.3% | 0.74% | $1.2B | Monthly |
| EIPIFT Energy Income Partners Enhanced Income ETF | Covered Call | 6.8% | +10.8% | +18.3% | 1.11% | $1.1B | Monthly |
| CHPYYieldMax Semiconductor Portfolio Option Income ETF | Covered Call | 40.7% | +16.5% | +63.9% | 1.03% | $1.0B | Weekly |
| FTQIFirst Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF | Covered Call | 11.1% | +7.4% | +19.4% | 0.75% | $1.0B | Monthly |
| QDTERoundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF | Covered Call | 42.6% | −17.6% | +17.5% | 0.96% | $989M | Weekly |
| ACYNFT Vest Laddered Autocallable Barrier & Income ETF | Put Write & Other Income | 5.2% | — | — | 0.75% | $933M | Monthly |
| QQAInvesco QQQ Income Advantage ETF | Covered Call | 9.7% | +8.6% | +19.1% | 0.29% | $913M | Monthly |
| SDVDFT Vest SMID Rising Dividend Achievers Target Income ETF | Covered Call | 8.5% | +2.0% | +10.7% | 0.85% | $885M | Monthly |
| QDVOAmplify CWP Growth & Income ETF | Covered Call | 10.3% | +3.4% | +14.1% | 0.56% | $788M | Monthly |
| FEPIREX FANG & Innovation Equity Premium Income ETF | Covered Call | 24.7% | −8.5% | +14.0% | 0.65% | $737M | Monthly |
| ULTYYieldMax Ultra Option Income Strategy ETF | Covered Call | 72.9% | −54.0% | −20.5% | 1.30% | $709M | Weekly |
| MLPINEOS MLP & Energy Infrastructure High Income ETF | Covered Call | 12.8% | — | — | 0.68% | $676M | Monthly |
| EFAAInvesco MSCI EAFE Income Advantage ETF | Covered Call | 8.5% | +2.0% | +10.6% | 0.39% | $662M | Monthly |
| YYYAmplify CEF High Income ETF | Covered Call | 13.8% | −12.7% | −0.6% | 3.23% | $660M | Monthly |
| TDVIFT Vest Technology Dividend Target Income ETF | Covered Call | 7.5% | +6.6% | +14.6% | 0.75% | $625M | Monthly |
| IGLDFT Vest Gold Strategy Target Income ETF | Covered Call | 24.5% | −17.5% | +2.7% | 0.85% | $613M | Monthly |
| NBOSNeuberger Option Strategy ETF | Covered Call | 8.0% | +6.9% | +15.4% | 0.57% | $582M | Monthly |
| HYBLState Street Blackstone High Income ETF | Covered Call | 7.1% | −3.4% | +3.4% | 0.70% | $565M | Monthly |
| WTPIWisdomTree Equity Premium Income Fund | Covered Call | 12.1% | −0.6% | +11.4% | 0.44% | $559M | Monthly |
| BUCKSimplify Treasury Option Income ETF | Covered Call | 7.0% | −3.3% | +3.5% | 0.35% | $529M | Monthly |
| BUXXStrive Enhanced Income Short Maturity ETF | Covered Call | 4.5% | −0.5% | +3.9% | 0.26% | $527M | Monthly |
| PAPIParametric Equity Premium Income ETF | Covered Call | 7.7% | +2.7% | +10.6% | 0.29% | $489M | Monthly |
| AIPIREX AI Equity Premium Income ETF | Covered Call | 34.3% | −12.2% | +17.9% | 0.65% | $480M | Monthly |
| IAUINEOS Gold High Income ETF | Covered Call | 13.8% | −9.7% | +2.8% | 0.79% | $448M | Monthly |
| KHPIKensington Hedged Premium Income ETF | Covered Call | 8.9% | +1.1% | +10.1% | 0.98% | $441M | Monthly |
| IQQQProShares Nasdaq-100 High Income ETF | Covered Call | 6.0% | +10.1% | +16.7% | 0.55% | $414M | Monthly |
| SBARSimplify Barrier Income ETF | Put Write & Other Income | 12.3% | −3.3% | +8.6% | 0.75% | $393M | Monthly |
| PBPInvesco S and P 500 BuyWrite ETF | Covered Call | 11.2% | +5.3% | +17.2% | 0.29% | $392M | Monthly |
| ROCQJPMorgan Nasdaq Equity Premium Yield ETF | Covered Call | 6.0% | — | — | — | $377M | Monthly |
| YMAXYieldMax Universe Fund of Option Income ETFs | Covered Call | 60.8% | −42.1% | −6.9% | 1.33% | $367M | Weekly |
| TSPYETF Opportunities Trust TappAlpha S&P 500 Growth & Daily Income ETF | Covered Call | 13.9% | +0.2% | +14.2% | 0.71% | $353M | Monthly |
| IVVWiShares S&P 500 BuyWrite ETF | Covered Call | 18.3% | −2.4% | +15.5% | 0.25% | $348M | Monthly |
| LQDWiShares Investment Grade Corporate Bond BuyWrite Strategy ETF | Covered Call | 12.6% | −10.4% | +0.8% | 0.34% | $347M | Monthly |
| XDTERoundhill S&P 500 0DTE Covered Call Strategy ETF | Covered Call | 29.8% | −12.7% | +13.2% | 0.97% | $339M | Weekly |
| IYRINEOS Real Estate High Income ETF | Covered Call | 11.8% | −8.4% | +2.3% | 0.68% | $301M | Monthly |
| YMAGYieldMax Magnificent 7 Fund of Option Income ETFs | Covered Call | 46.9% | −27.0% | +7.2% | 1.34% | $296M | Weekly |
| KBWYInvesco KBW Premium Yield Equity REIT ETF | Covered Call | 9.0% | +6.0% | +15.6% | 0.35% | $294M | Monthly |
| CAIQCalamos Nasdaq Autocallable Income ETF | Put Write & Other Income | 14.6% | — | — | 0.74% | $286M | Monthly |
| TCALT. Rowe Price Capital Appreciation Premium Income ETF | Covered Call | 11.5% | −8.8% | +1.7% | 0.34% | $276M | Monthly |
| LQTIFT Vest Investment Grade & Target Income ETF | Covered Call | 9.6% | −11.4% | −2.9% | 0.65% | $273M | Monthly |
| ROCYJPMorgan Equity Premium Yield ETF | Covered Call | 3.8% | — | — | 0.35% | $256M | Monthly |
| XQQINEOS Boosted Nasdaq-100 High Income ETF | Covered Call | 15.0% | — | — | 0.98% | $253M | Monthly |
| TDAQTappAlpha Innovation 100 Growth & Daily Income ETF | Covered Call | 16.3% | +3.8% | +20.7% | 0.83% | $248M | Monthly |
| DJIAGlobal X Dow 30 Covered Call ETF | Covered Call | 10.2% | +2.3% | +12.7% | 0.60% | $191M | Monthly |
| QQQYTidal Trust II Defiance Nasdaq 100 Weekly Distribution ETF | Covered Call | 32.9% | −12.7% | +16.0% | 1.01% | $189M | Weekly |
| XPAYRoundhill S&P 500 Target 20 Managed Distribution ETF | Covered Call | 20.6% | −3.7% | +16.1% | 0.49% | $186M | Monthly |
| ITWOProShares Russell 2000 High Income ETF | Covered Call | 7.5% | +7.7% | +15.8% | 0.55% | $185M | Monthly |
| QYLGGlobal X Nasdaq 100 Covered Call & Growth ETF | Covered Call | 16.5% | +3.4% | +20.5% | 0.35% | $182M | Monthly |
| NIHINEOS MSCI EAFE High Income ETF | Covered Call | 10.5% | +1.1% | +11.7% | 0.68% | $179M | Monthly |
| RDTERoundhill Russell 2000 0DTE Covered Call Strategy ETF | Covered Call | 43.4% | −22.7% | +10.9% | 0.97% | $177M | Weekly |
| YLDELegg Mason ETF Investment Trust Franklin ClearBridge Enhanced Income ETF | Covered Call | 7.5% | +1.7% | +9.3% | 0.48% | $175M | Monthly |
| ACYSFT Vest Laddered Autocallable Barrier & Resilient Income ETF | Put Write & Other Income | 2.6% | — | — | 0.75% | $161M | Monthly |
| XLEIState Street Energy Select Sector SPDR Premium Income ETF | Covered Call | 18.5% | +14.7% | +36.0% | 0.35% | $157M | Monthly |
| SEPIShelton Equity Premium Income ETF | Covered Call | 7.9% | +12.2% | +21.0% | 0.54% | $152M | Monthly |
| TOPWRoundhill Top WeeklyPay ETF | Covered Call | 20.7% | — | — | 0.32% | $150M | Weekly |
| HOOWRoundhill HOOD WeeklyPay ETF | Covered Call | 111.0% | −69.7% | −36.2% | 0.99% | $146M | Weekly |
| SWPSWP Growth & Income ETF | Covered Call | 9.5% | −0.9% | +8.5% | 0.99% | $145M | Quarterly |
| YBTCRoundhill Bitcoin Covered Call Strategy ETF | Covered Call (Bitcoin) | 57.6% | −57.7% | −33.4% | 0.95% | $141M | Weekly |
| MAGYRoundhill Magnificent Seven Covered Call ETF | Covered Call | 33.1% | −22.6% | +3.1% | 0.99% | $131M | Weekly |
| GPTYYieldMax AI & Tech Portfolio Option Income ETF | Covered Call | 36.6% | −11.8% | +20.5% | 1.06% | $131M | Weekly |
"Price + payouts" approximates total return: the 1-year price change compounded with distributions paid as a share of today's price. A fund whose price fell by about what it paid out returned your own money. Funds listed for less than a year show no 1-year figures.
Defined-outcome (buffer) funds
What is left of the cap and the buffer, worked out from the options each fund holds.
Where each outcome period stands
400 of 593 decoded from filings| Fund | Reference | Period ends | Cap | Buffer | Ref. move | Upside left | To buffer | Assets | Options as of |
|---|---|---|---|---|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $10.9B | — | ||||||
| HELOJPMorgan Hedged Equity Laddered Overlay ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $4.9B | — | ||||||
| BALTInnovator Defined Wealth Shield ETF | SPY | the period in the latest filing ended Sep 30, 2026; the new period's options are not on file yet | $3.0B | Jul 31, 2026 | |||||
| ACIOAptus Collared Investment Opportunity ETF | rolling hedge overlay, not a single outcome period | $2.4B | — | ||||||
| SFLRInnovator Equity Managed Floor ETF | rolling hedge overlay, not a single outcome period | $2.3B | — | ||||||
| BUFDFT Vest Laddered Deep Buffer ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $2.2B | — | ||||||
| BUFQFT Vest Laddered Nasdaq Buffer ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $1.7B | — | ||||||
| FJANFT Vest U.S. Equity Buffer ETF - January | SPY | Jan 15, 2027 (97d) | 14.5% | 10.0% | +12.6% | 1.8% | 11.2% | $1.5B | May 31, 2026 |
| FMAYFT Vest U.S. Equity Buffer ETF - May | SPY | May 21, 2027 (223d) | 17.1% | 10.0% | +5.3% | 11.2% | 5.1% | $1.5B | May 31, 2026 |
| FJUNFT Vest U.S. Equity Buffer ETF - June | SPY | the period in the latest filing ended Jun 18, 2026; the new period's options are not on file yet | $1.4B | May 31, 2026 | |||||
| FAUGFT Vest U.S. Equity Buffer ETF - August | SPY | the period in the latest filing ended Aug 21, 2026; the new period's options are not on file yet | $1.4B | May 31, 2026 | |||||
| PJANInnovator U.S. Equity Power Buffer ETF - January | option positions not on file yet | $1.4B | — | ||||||
| FSEPFT Vest U.S. Equity Buffer ETF - September | SPY | the period in the latest filing ended Sep 18, 2026; the new period's options are not on file yet | $1.4B | May 31, 2026 | |||||
| FJULFT Vest U.S. Equity Buffer ETF - July | SPY | the period in the latest filing ended Jul 17, 2026; the new period's options are not on file yet | $1.4B | May 31, 2026 | |||||
| DRSKAptus Defined Risk ETF | AMZN | the period in the latest filing ended Sep 18, 2026; the new period's options are not on file yet | $1.4B | Jul 31, 2026 | |||||
| FFEBFT Vest U.S. Equity Buffer ETF - February | SPY | Feb 19, 2027 (132d) | 15.0% | 10.0% | +12.9% | 1.8% | 11.4% | $1.4B | May 31, 2026 |
| FAPRFT Vest U.S. Equity Buffer ETF - April | SPY | Apr 16, 2027 (188d) | 15.2% | 10.0% | +9.6% | 5.0% | 8.8% | $1.3B | May 31, 2026 |
| FDECFT Vest U.S. Equity Buffer ETF - December | SPY | Dec 18, 2026 (69d) | 14.8% | 10.0% | +14.4% | 0.3% | 12.6% | $1.3B | May 31, 2026 |
| PJULInnovator U.S. Equity Power Buffer ETF - July | option positions not on file yet | $1.3B | — | ||||||
| FNOVFT Vest U.S. Equity Buffer ETF - November | SPY | Nov 20, 2026 (41d) | 16.6% | 10.0% | +18.1% | 0.0% | 15.3% | $1.3B | May 31, 2026 |
| PSEPInnovator U.S. Equity Power Buffer ETF - September | SPY | the period in the latest filing ended Aug 31, 2026; the new period's options are not on file yet | $1.2B | Jul 31, 2026 | |||||
| FOCTFT Vest U.S. Equity Buffer ETF - October | SPY | Oct 16, 2026 (6d) | 15.1% | 10.0% | +17.2% | 0.0% | 14.7% | $1.2B | May 31, 2026 |
| FMARFT Vest U.S. Equity Buffer ETF - March | SPY | Mar 19, 2027 (160d) | 17.2% | 10.0% | +20.0% | 0.0% | 16.7% | $1.2B | May 31, 2026 |
| BUFCAB Conservative Buffer ETF | SPX | the period in the latest filing ended Aug 31, 2026; the new period's options are not on file yet | $1.1B | May 31, 2026 | |||||
| BUFZFT Vest Laddered Moderate Buffer ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $1.1B | — | ||||||
| BUFFInnovator Laddered Allocation Power Buffer ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $1.1B | — | ||||||
| PAUGInnovator U.S. Equity Power Buffer ETF - August | option positions not on file yet | $1.1B | — | ||||||
| FHEQFidelity Hedged Equity ETF | rolling hedge overlay, not a single outcome period | $1.0B | — | ||||||
| PDECInnovator U.S. Equity Power Buffer ETF - December | SPY | Nov 30, 2026 (51d) | 13.1% | 15.0% | +13.9% | 0.0% | 12.2% | $999M | Jul 31, 2026 |
| POCTInnovator U.S. Equity Power Buffer ETF - October | SPY | the period in the latest filing ended Sep 30, 2026; the new period's options are not on file yet | $968M | Jul 31, 2026 | |||||
| PAPRInnovator U.S. Equity Power Buffer ETF - April | SPY | Mar 31, 2027 (172d) | 14.0% | 15.0% | +19.7% | 0.0% | 16.5% | $964M | Jul 31, 2026 |
| PFEBInnovator U.S. Equity Power Buffer ETF - February | SPY | Jan 29, 2027 (111d) | 12.4% | 15.0% | +12.5% | 0.0% | 11.1% | $902M | Jul 31, 2026 |
| PJUNInnovator U.S. Equity Power Buffer ETF - June | SPY | May 28, 2027 (230d) | 13.8% | 15.0% | +2.9% | 10.6% | 2.8% | $887M | Jul 31, 2026 |
| PNOVInnovator U.S. Equity Power Buffer ETF - November | option positions not on file yet | $844M | — | ||||||
| PMAYInnovator U.S. Equity Power Buffer ETF - May | SPY | Apr 30, 2027 (202d) | 13.0% | 15.0% | +8.3% | 4.3% | 7.7% | $821M | Jul 31, 2026 |
| ZALTInnovator U.S. Equity 10 Buffer ETF - Quarterly | SPY | the period in the latest filing ended Sep 30, 2026; the new period's options are not on file yet | $802M | Jul 31, 2026 | |||||
| PMARInnovator U.S. Equity Power Buffer ETF - March | SPY | Feb 26, 2027 (139d) | 12.8% | 15.0% | +13.5% | 0.0% | 11.9% | $752M | Jul 31, 2026 |
| HEGDSwan Hedged Equity US Large Cap ETF | rolling hedge overlay, not a single outcome period | $749M | — | ||||||
| QJUNFT Vest Growth-100 Buffer ETF - June | QQQ | the period in the latest filing ended Jun 18, 2026; the new period's options are not on file yet | $742M | May 31, 2026 | |||||
| QSPTFT Vest Nasdaq-100 Buffer ETF - September | QQQ | the period in the latest filing ended Sep 18, 2026; the new period's options are not on file yet | $721M | May 31, 2026 | |||||
| QDECFT Vest Growth-100 Buffer ETF - December | QQQ | Dec 18, 2026 (69d) | 18.2% | 10.0% | +21.8% | 0.0% | 17.9% | $697M | May 31, 2026 |
| PSFFPacer Swan SOS Fund of Funds ETF | option positions not on file yet | $626M | — | ||||||
| QMARFT Vest Growth-100 Buffer ETF - March | QQQ | Mar 19, 2027 (160d) | 20.9% | 10.0% | +29.1% | 0.0% | 22.5% | $615M | May 31, 2026 |
| SIXHETC 6 Meridian Hedged Equity Index Option ETF | rolling hedge overlay, not a single outcome period | $604M | — | ||||||
| QFLRInnovator Nasdaq-100 Managed Floor ETF | rolling hedge overlay, not a single outcome period | $531M | — | ||||||
| GJUNFT Vest U.S. Equity Moderate Buffer ETF - June | SPY | the period in the latest filing ended Jun 18, 2026; the new period's options are not on file yet | $516M | May 31, 2026 | |||||
| BUFMAB Moderate Buffer ETF | SPX | the period in the latest filing ended Jul 31, 2026; the new period's options are not on file yet | $490M | May 31, 2026 | |||||
| DJULFT Vest U.S. Equity Deep Buffer ETF - July | SPY | the period in the latest filing ended Jul 17, 2026; the new period's options are not on file yet | $490M | May 31, 2026 | |||||
| BSEPInnovator U.S. Equity Buffer ETF - September | option positions not on file yet | $467M | — | ||||||
| DMARFT Vest U.S. Equity Deep Buffer ETF - March | SPY | Mar 19, 2027 (160d) | 19.0% | 26.3% | +26.4% | 0.0% | 20.9% | $466M | May 31, 2026 |
| MAYWAllianzIM U.S. Equity Buffer20 May ETF | SPX | Apr 30, 2027 (202d) | — | 100.0% | +35.9% | — | 26.4% | $458M | Jul 31, 2026 |
| DJANFT Vest U.S. Equity Deep Buffer ETF - January | SPY | Jan 15, 2027 (97d) | 17.5% | 26.3% | +18.5% | 0.0% | 15.6% | $455M | May 31, 2026 |
| DFEBFT Vest U.S. Equity Deep Buffer ETF - February | SPY | Feb 19, 2027 (132d) | 17.8% | 26.3% | +18.9% | 0.0% | 15.9% | $452M | May 31, 2026 |
| GMAYFT Vest U.S. Equity Moderate Buffer ETF - May | SPY | May 21, 2027 (223d) | 13.8% | 15.0% | +5.3% | 8.1% | 5.1% | $450M | May 31, 2026 |
| GJANFT Vest U.S. Equity Moderate Buffer ETF - January | SPY | Jan 15, 2027 (97d) | 11.8% | 15.0% | +12.6% | 0.0% | 11.2% | $446M | May 31, 2026 |
| DAUGFT Vest U.S. Equity Deep Buffer ETF - August | SPY | the period in the latest filing ended Aug 21, 2026; the new period's options are not on file yet | $443M | May 31, 2026 | |||||
| DDECFT Vest U.S. Equity Deep Buffer ETF - December | SPY | Dec 18, 2026 (69d) | 17.9% | 26.3% | +20.4% | 0.0% | 17.0% | $432M | May 31, 2026 |
| HEDGEquable Shares Hedged Equity ETF | rolling hedge overlay, not a single outcome period | $427M | — | ||||||
| GAUGFT Vest U.S. Equity Moderate Buffer ETF - August | SPY | the period in the latest filing ended Aug 21, 2026; the new period's options are not on file yet | $424M | May 31, 2026 | |||||
| BAPRInnovator U.S. Equity Buffer ETF - April | option positions not on file yet | $420M | — | ||||||
| GJULFT Vest U.S. Equity Moderate Buffer ETF - July | SPY | the period in the latest filing ended Jul 17, 2026; the new period's options are not on file yet | $415M | May 31, 2026 | |||||
| QQQHNEOS Nasdaq-100 Hedged Equity Income ETF | rolling hedge overlay, not a single outcome period | $410M | — | ||||||
| DNOVFT Vest U.S. Equity Deep Buffer ETF - November | SPY | Nov 20, 2026 (41d) | 18.9% | 26.3% | +24.4% | 0.0% | 19.6% | $407M | May 31, 2026 |
| GMARFT Vest U.S. Equity Moderate Buffer ETF - March | SPY | Mar 19, 2027 (160d) | 14.1% | 15.0% | +20.0% | 0.0% | 16.7% | $404M | May 31, 2026 |
| DOCTFT Vest U.S. Equity Deep Buffer ETF - October | SPY | Oct 16, 2026 (6d) | 17.6% | 26.3% | +23.4% | 0.0% | 18.9% | $401M | May 31, 2026 |
| DSEPFT Vest U.S. Equity Deep Buffer ETF - September | SPY | the period in the latest filing ended Sep 18, 2026; the new period's options are not on file yet | $392M | May 31, 2026 | |||||
| SIXDAllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF | SPX | Nov 30, 2026 (51d) | — | 100.0% | +14.7% | — | 12.8% | $389M | Jul 31, 2026 |
| DMAYFT Vest U.S. Equity Deep Buffer ETF - May | SPY | May 21, 2027 (223d) | 19.5% | 26.3% | +10.9% | 7.8% | 9.8% | $388M | May 31, 2026 |
| GDECFT Vest U.S. Equity Moderate Buffer ETF - December | SPY | Dec 18, 2026 (69d) | 12.1% | 15.0% | +14.4% | 0.0% | 12.6% | $386M | May 31, 2026 |
| JUNWAllianzIM U.S. Equity Buffer20 Jun ETF | SPX | May 28, 2027 (230d) | — | 100.0% | +29.1% | — | 22.5% | $384M | Jul 31, 2026 |
| GFEBFT Vest U.S. Equity Moderate Buffer ETF - February | SPY | Feb 19, 2027 (132d) | 12.1% | 15.0% | +12.9% | 0.0% | 11.4% | $375M | May 31, 2026 |
| DJUNFT Vest U.S. Equity Deep Buffer ETF - June | SPY | the period in the latest filing ended Jun 18, 2026; the new period's options are not on file yet | $367M | May 31, 2026 | |||||
| GSEPFT Vest U.S. Equity Moderate Buffer ETF - September | SPY | the period in the latest filing ended Sep 18, 2026; the new period's options are not on file yet | $363M | May 31, 2026 | |||||
| BJULInnovator U.S. Equity Buffer ETF - July | option positions not on file yet | $363M | — | ||||||
| JANWAllianzIM U.S. Equity Buffer20 Jan ETF | SPX | Dec 31, 2026 (82d) | — | 100.0% | +43.2% | — | 30.2% | $358M | Jul 31, 2026 |
| BJANInnovator U.S. Equity Buffer ETF - January | option positions not on file yet | $354M | — | ||||||
| ONEZTrueShares Seasonality Laddered Buffered ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $353M | — | ||||||
| NJANInnovator Growth-100 Power Buffer ETF - January | option positions not on file yet | $350M | — | ||||||
| BUFBInnovator Laddered Allocation Buffer ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $344M | — | ||||||
| BUFGFT Vest Buffered Allocation Growth ETF | option positions not on file yet | $338M | — | ||||||
| DBAWXtrackers MSCI All World ex US Hedged Equity ETF | rolling hedge overlay, not a single outcome period | $328M | — | ||||||
| DAPRFT Vest U.S. Equity Deep Buffer ETF - April | SPY | Apr 16, 2027 (188d) | 17.9% | 26.3% | +15.4% | 2.2% | 13.3% | $327M | May 31, 2026 |
| HEQTSimplify Hedged Equity ETF | rolling hedge overlay, not a single outcome period | $325M | — | ||||||
| OCTWAllianzIM U.S. Equity Buffer20 Oct ETF | SPX | the period in the latest filing ended Sep 30, 2026; the new period's options are not on file yet | $320M | Jul 31, 2026 | |||||
| KJANInnovator U.S. Small Cap Power Buffer ETF - January | option positions not on file yet | $318M | — | ||||||
| UJULInnovator U.S. Equity Ultra Buffer ETF - July | VOO | Jun 30, 2027 (263d) | 20.2% | 31.6% | +9.7% | 9.6% | 8.8% | $304M | Jul 31, 2026 |
| JAJLInnovator Equity Defined Protection ETF - 6mo Jan/Jul | VOO | Dec 31, 2026 (82d) | 4.1% | 100.0% | +4.2% | 0.0% | 4.0% | $303M | Jul 31, 2026 |
| GNOVFT Vest U.S. Equity Moderate Buffer ETF - November | SPY | Nov 20, 2026 (41d) | 13.3% | 15.0% | +18.1% | 0.0% | 15.3% | $300M | May 31, 2026 |
| GAPRFT Vest U.S. Equity Moderate Buffer ETF - April | SPY | Apr 16, 2027 (188d) | 12.3% | 15.0% | +9.6% | 2.5% | 8.8% | $297M | May 31, 2026 |
| BOCTInnovator U.S. Equity Buffer ETF - October | option positions not on file yet | $292M | — | ||||||
| NJULInnovator Growth-100 Power Buffer ETF - July | option positions not on file yet | $286M | — | ||||||
| BAUGInnovator U.S. Equity Buffer ETF - August | option positions not on file yet | $274M | — | ||||||
| BUFPPGIM Laddered S&P 500 Buffer 12 ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $269M | — | ||||||
| JULWAllianzIM U.S. Equity Buffer20 Jul ETF | SPX | Jun 30, 2027 (263d) | — | 100.0% | +30.8% | — | 23.5% | $257M | Jul 31, 2026 |
| UJANInnovator U.S. Equity Ultra Buffer ETF - January | option positions not on file yet | $256M | — | ||||||
| GOCTFT Vest U.S. Equity Moderate Buffer ETF - October | SPY | Oct 16, 2026 (6d) | 12.1% | 15.0% | +17.2% | 0.0% | 14.7% | $255M | May 31, 2026 |
| IJULInnovator International Developed Power Buffer ETF - July | option positions not on file yet | $250M | — | ||||||
| UAUGInnovator U.S. Equity Ultra Buffer ETF - August | SPY | the period in the latest filing ended Jul 31, 2026; the new period's options are not on file yet | $248M | Jul 31, 2026 | |||||
| BJUNInnovator U.S. Equity Buffer ETF - June | SPY | May 28, 2027 (230d) | 18.1% | 9.0% | +2.9% | 14.7% | 2.8% | $246M | Jul 31, 2026 |
| UDECInnovator U.S. Equity Ultra Buffer ETF - December | option positions not on file yet | $244M | — | ||||||
| MAYTAllianzIM U.S. Equity Buffer10 May ETF | SPX | Apr 30, 2027 (202d) | — | 100.0% | +20.8% | — | 17.2% | $241M | Jul 31, 2026 |
| BMAYInnovator U.S. Equity Buffer ETF - May | SPY | Apr 30, 2027 (202d) | 16.9% | 9.0% | +8.3% | 7.9% | 7.7% | $241M | Jul 31, 2026 |
| USEPInnovator U.S. Equity Ultra Buffer ETF - September | SPY | the period in the latest filing ended Aug 31, 2026; the new period's options are not on file yet | $238M | Jul 31, 2026 | |||||
| ZSEPInnovator Equity Defined Protection ETF - 1 Yr September | SPY | the period in the latest filing ended Aug 31, 2026; the new period's options are not on file yet | $237M | Jul 31, 2026 | |||||
| SCEPSterling Capital Hedged Equity Premium Income ETF | rolling hedge overlay, not a single outcome period | $235M | — | ||||||
| IJANInnovator International Developed Power Buffer ETF - January | option positions not on file yet | $232M | — | ||||||
| NOCTInnovator Growth-100 Power Buffer ETF- October | option positions not on file yet | $231M | — | ||||||
| DECWAllianzIM U.S. Equity Buffer20 Dec ETF | SPX | Nov 30, 2026 (51d) | — | 100.0% | +42.9% | — | 30.0% | $230M | Jul 31, 2026 |
| KJULInnovator U.S. Small Cap Power Buffer ETF - July | option positions not on file yet | $227M | — | ||||||
| PBFRPGIM Laddered S&P 500 Buffer 20 ETF | holds a ladder of funds with staggered periods, so there is no single cap or buffer | $227M | — | ||||||
| BDECInnovator U.S. Equity Buffer ETF - December | SPY | Nov 30, 2026 (51d) | 17.4% | 9.0% | +13.9% | 3.1% | 12.2% | $216M | Jul 31, 2026 |
| EJULInnovator Emerging Markets Power Buffer ETF - July | option positions not on file yet | $216M | — | ||||||
| KAPRInnovator U.S. Small Cap Power Buffer ETF - April | option positions not on file yet | $214M | — | ||||||
| NAPRInnovator Growth-100 Power Buffer ETF - April | option positions not on file yet | $211M | — | ||||||
| VSDAVictoryShares Dividend Accelerator ETF | option positions not on file yet | $210M | — | ||||||
| BFEBInnovator U.S. Equity Buffer ETF - February | option positions not on file yet | $209M | — | ||||||
| XDECFT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | SPY | Dec 18, 2026 (69d) | 5.0% | 15.0% | +14.4% | 0.0% | 12.6% | $209M | May 31, 2026 |
| APRWAllianzIM U.S. Equity Buffer20 Apr ETF | SPX | Mar 31, 2027 (172d) | — | 100.0% | +50.1% | — | 33.4% | $207M | Jul 31, 2026 |
| BMARInnovator U.S. Equity Buffer ETF - March | option positions not on file yet | $206M | — | ||||||
| FEBWAllianzIM U.S. Equity Buffer20 Feb ETF | SPX | Jan 29, 2027 (111d) | — | 100.0% | +41.1% | — | 29.1% | $201M | Jul 31, 2026 |
Cap and buffer are derived from the strikes of the options in each fund's latest SEC filing, relative to the at-the-money strike set when the period began; the remaining figures use the reference asset's latest close. They describe the full-period outcome before fees. Buying after the period has started gives a different cap and buffer than the name suggests, which is the point of this table. The sponsor's own daily figures are authoritative.
Leveraged and inverse funds
Daily-reset products hold their target multiple for one day, not for any longer period. Full decay dashboard
Largest leveraged and inverse funds
| Fund | Target | Tracks | 1M | 3M | 1Y | Vol | Max DD | Fee | Assets |
|---|---|---|---|---|---|---|---|---|---|
| TQQQProShares UltraPro QQQ | 3x | Nasdaq-100 | +17.4% | +11.9% | +49.3% | 43.8% | −37.2% | 0.84% | $39.5B |
| SOXLDirexion Daily Semiconductor Bull 3X ETF | 3x | Semiconductors | +20.7% | −15.5% | +226.7% | 107.0% | −69.4% | — | $22.6B |
| QLDProShares Ultra QQQ | 2x | Nasdaq-100 | +11.8% | +9.2% | +38.5% | 29.3% | −25.2% | 0.95% | $15.5B |
| SSOProShares Ultra S&P500 | 2x | S&P 500 | +5.3% | +6.6% | +26.2% | 19.9% | −18.3% | 0.89% | $8.8B |
| SPXLDirexion Daily S&P 500 Bull 3x ETF | 3x | S&P 500 | +7.9% | +9.3% | +36.6% | 29.7% | −26.9% | — | $7.4B |
| TECLDirexion Daily Technology Bull 3x ETF | 3x | Technology | +22.2% | +23.3% | +78.8% | 53.5% | −49.8% | — | $6.9B |
| UPROProShares UltraPro S&P 500 | 3x | S&P 500 | +7.8% | +9.1% | +35.7% | 29.7% | −27.0% | 0.91% | $5.6B |
| TSLLDirexion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF | 2x | TSLA | +8.1% | −15.2% | −48.8% | 81.7% | −70.7% | — | $4.4B |
| MUUDirexion Shares ETF Trust Direxion Daily MU Bull 2X ETF | 2x | MU | +6.1% | −0.5% | +1091.2% | 92.8% | −68.1% | — | $4.0B |
| NVDLGraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF | 2x | NVDA | +8.9% | +20.1% | +15.4% | 58.0% | −42.2% | 1.05% | $3.7B |
| USDProShares Ultra Semiconductors | 2x | Semiconductors | +11.7% | +6.3% | +76.7% | 58.5% | −39.4% | 0.95% | $2.9B |
| TMFDirexion Daily 20+ Year Treasury Bull 3X ETF | 3x | 20+ Year Treasury | −11.3% | −20.8% | −35.6% | 27.9% | −42.9% | — | $2.0B |
| FASDirexion Daily Financial Bull 3x ETF | 3x | Financials | −11.7% | −9.8% | −13.6% | 39.3% | −41.2% | — | $2.0B |
| SQQQProShares UltraPro Short QQQ | −3x | Nasdaq-100 | −17.4% | −17.5% | −54.4% | 43.1% | −64.4% | 0.95% | $2.0B |
| SOXSDirexion Daily Semiconductor Bear 3X ETF | −3x | Semiconductors | −26.4% | −26.0% | −95.8% | 108.9% | −97.0% | — | $1.9B |
| ROMProShares Ultra Technology | 2x | Technology | +14.4% | +17.0% | +66.4% | 35.4% | −32.4% | — | $1.4B |
| SNXXTradr 2X Long SNDK Daily ETF | 2x | SNDK | −16.6% | −34.7% | — | 136.3% | −85.1% | 1.49% | $1.4B |
| AMDLGraniteShares 2x Long AMD Daily ETF | 2x | AMD | +40.6% | +13.4% | +272.8% | 102.3% | −56.1% | 1.07% | $1.3B |
| TNADirexion Daily Small Cap Bull 3x ETF | 3x | — | −9.4% | −16.6% | +21.6% | 35.5% | −32.6% | — | $1.3B |
| AGQProShares Ultra Silver | 2x | Silver | −10.3% | +5.3% | −17.9% | 77.4% | −85.1% | — | $1.3B |
| BITX2x Bitcoin ETF | 2x | Bitcoin | +11.2% | +63.6% | −70.3% | 79.6% | −83.2% | 2.75% | $1.3B |
| KORUDirexion Daily MSCI South Korea Bull 3X ETF | 3x | South Korea | −15.7% | −14.8% | +193.2% | 127.5% | −80.9% | — | $1.2B |
| GGLLDirexion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | 2x | GOOGL | +9.6% | −6.1% | +62.4% | 47.6% | −40.6% | — | $1.1B |
| ETHU2x Ether ETF | 2x | Ether | −2.1% | +78.3% | −83.1% | 89.9% | −92.0% | 2.97% | $1.1B |
| NUGTDirexion Daily Gold Miners Index Bull 2X ETF | 2x | Gold Miners | −15.2% | +38.1% | −8.0% | 79.6% | −67.5% | — | $1.0B |
| MVLLGraniteShares 2x Long MRVL Daily ETF | 2x | MRVL | +41.8% | +31.3% | +306.6% | 121.4% | −78.9% | 1.50% | $1.0B |
| SHProShares Short S&P500 | −1x | — | −3.3% | −3.5% | −13.2% | 9.7% | −18.7% | 0.89% | $970M |
| SCOProShares UltraShort Bloomberg Crude Oil | −2x | WTI Crude Oil | −8.4% | −36.0% | −73.4% | 38.7% | −78.0% | — | $965M |
| UDOWProShares UltraPro Dow 30 | 3x | Dow Jones | −3.4% | −7.4% | +20.8% | 31.7% | −28.3% | — | $910M |
| MSTUT-Rex 2X Long MSTR Daily Target ETF | 2x | MSTR | +35.2% | +123.0% | −91.7% | 185.6% | −96.7% | 1.05% | $801M |
| UGLProShares Ultra Gold | 2x | Gold | −6.6% | +7.1% | −7.8% | 47.3% | −50.0% | — | $752M |
| UYGProShares Ultra Financials | 2x | Financials | −7.3% | −5.5% | −10.1% | 26.1% | −33.8% | — | $739M |
| MULLGraniteShares 2x Long MU Daily ETF | 2x | MU | +6.3% | −0.0% | +1093.9% | 94.3% | −68.2% | 1.50% | $694M |
| ASTXTradr 2X Long ASTS Daily ETF | 2x | ASTS | −32.0% | −55.4% | −90.0% | 156.0% | −93.1% | — | $601M |
| YINNDirexion Daily FTSE China Bull 3X ETF | 3x | China | −4.6% | +0.1% | −53.0% | 55.9% | −59.3% | — | $590M |
| PSQProShares Short QQQ | −1x | — | −6.4% | −5.5% | −19.8% | 14.5% | −27.4% | 0.95% | $580M |
| BITUProShares Ultra Bitcoin ETF | 2x | Bitcoin | +11.1% | +62.4% | −76.1% | 79.5% | −86.2% | 0.95% | $577M |
| MSFUDirexion Shares ETF Trust Direxion Daily MSFT Bull 2X ETF | 2x | MSFT | +15.7% | +76.3% | −20.2% | 46.4% | −64.8% | — | $574M |
| TSMXDirexion Shares ETF Trust Direxion Daily TSM Bull 2X ETF | 2x | TSM | +10.5% | +9.5% | +59.2% | 56.5% | −39.9% | — | $560M |
| LABUDirexion Daily S&P Biotech Bull 3X ETF | 3x | Biotech | −8.6% | −10.9% | +123.0% | 81.8% | −34.7% | — | $553M |
| PLTUDirexion Shares ETF Trust Direxion Daily PLTR Bull 2X ETF | 2x | PLTR | +55.4% | +125.7% | −31.6% | 85.9% | −83.3% | — | $544M |
| METUDirexion Shares ETF Trust Direxion Daily META Bull 2X ETF | 2x | META | +20.6% | +10.9% | −26.2% | 96.8% | −59.5% | — | $539M |
| NVDUDirexion Shares ETF Trust Direxion Daily NVDA Bull 2X ETF | 2x | NVDA | +8.6% | +19.9% | +9.0% | 58.0% | −45.0% | — | $534M |
| DDMProShares Ultra Dow30 | 2x | Dow Jones | −2.2% | −4.5% | +16.4% | 21.3% | −19.6% | 0.95% | $513M |
| CONLGraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF | 2x | COIN | +2.3% | +8.5% | −89.2% | 157.1% | −91.9% | 1.04% | $510M |
| NVDXT-Rex 2X Long NVIDIA Daily Target ETF | 2x | NVDA | +8.4% | +19.0% | +6.1% | 57.6% | −45.5% | 1.05% | $485M |
| NAILDirexion Daily Homebuilders & Supplies Bull 3X ETF | 3x | Homebuilders | −11.4% | −35.9% | −61.0% | 70.1% | −66.8% | — | $482M |
| SHYDVanEck Short High Yield Muni ETF | −1x | — | −1.0% | −3.2% | −3.2% | 5.1% | −5.8% | 0.32% | $478M |
| LITXTradr 2X Long LITE Daily ETF | 2x | LITE | +32.3% | +60.6% | — | 148.8% | −74.0% | 1.49% | $470M |
| INTWGraniteShares 2x Long INTC Daily ETF | 2x | INTC | +3.6% | −11.9% | +290.5% | 135.4% | −69.2% | 1.50% | $451M |
| PTIRGraniteShares 2x Long PLTR Daily ETF | 2x | PLTR | +56.4% | +126.6% | −19.6% | 86.2% | −80.4% | 1.04% | $440M |
| UCOProShares Ultra Bloomberg Crude Oil | 2x | WTI Crude Oil | +8.8% | +46.6% | +154.9% | 39.2% | −38.5% | — | $414M |
| SNDUT-REX 2X Long SNDK Daily Target ETF | 2x | SNDK | −17.2% | −37.1% | — | 135.4% | −85.5% | 1.50% | $413M |
| JNUGDirexion Daily Junior Gold Miners Index Bull 2X ETF | 2x | Junior Gold Miners | −17.3% | +32.6% | −18.0% | 92.3% | −70.9% | — | $409M |
| BOILProShares Ultra Bloomberg Natural Gas | 2x | Natural Gas | +14.9% | +1.4% | −63.3% | 76.5% | −78.6% | — | $400M |
| SPXUProShares UltraPro Short S&P 500 | −3x | S&P 500 | −8.7% | −10.9% | −37.6% | 29.0% | −47.3% | 0.89% | $398M |
| AMZUDirexion Shares ETF Trust Direxion Daily AMZN Bull 2X ETF | 2x | AMZN | +6.4% | +5.2% | +2.8% | 53.5% | −45.6% | — | $376M |
| TBTProShares Trust UltraShort Lehman 20+ Year Treasury | −2x | 20+ Year Treasury | +6.4% | +14.3% | +24.6% | 19.2% | −10.5% | 0.91% | $358M |
| SDSProShares UltraShort S&P500 | −2x | S&P 500 | −6.2% | −7.4% | −26.1% | 19.2% | −34.5% | 0.89% | $357M |
| NEBXTradr 2X Long NBIS Daily ETF | 2x | NBIS | −10.4% | −26.5% | −6.6% | 135.3% | −78.6% | 1.30% | $353M |
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.