List of all the Inverse ETFs
What Are Inverse ETFs?
Inverse ETFs are built to move opposite to an index or asset: when the benchmark falls, the ETF rises. That makes them useful for hedging a portfolio or taking a short-side position without selling anything short yourself.
How They Work
To do this, they hold derivatives such as futures and swaps that gain value when the benchmark drops. Roughly, a 1% fall in the S&P 500 produces about a 1% gain in a 1x inverse S&P 500 ETF.
Leverage Options
They come in a few leverage levels: 1x (plain inverse), 2x, and 3x. The higher the multiple, the bigger the gain when the market falls, and the bigger the loss and daily swing when it doesn't.
Key Considerations
- Market timing: These are short-term instruments, so getting the entry and exit wrong costs you quickly.
- Decay: The daily reset can grind down returns in choppy, sideways markets, even when your overall call was right.
- Risk management: A position can lose value fast in a rally, so most traders set stop-losses and keep their size small.
- Hedging: They work best as a short-term hedge against a drop, not a buy-and-hold.
The table below lists every inverse ETF, with its leverage ratio, underlying asset, AUM, expense ratio, and fund family.
Note: For full dataset, please visit our main table. This page shows a pre-filtered view of inverse ETFs only.
Most popular Inverse ETFs in the US
SH (ProShares Short S&P500): The best-known inverse ETF and one of the largest. It gives 1x inverse exposure to the S&P 500, so investors use it to hedge a broad US stock position or bet against large caps.
PSQ (ProShares Short QQQ): It applies the same approach to the Nasdaq-100, so it leans heavily toward big tech. Investors use it to hedge a tech-heavy portfolio or bet against a tech rally.