Direxion’s triple leverage ETFs debuted this week: Large Cap (Russell 1K) Bull 3X Shares (BGU) Small Cap (Russell 2K) Bull 3X Shares (TNA) Energy (Russell 1K Energy) Bull 3X Shares (ERX) Financial (Russell 1K Financial Services) Bull 3X Shares (FAS) Large Cap Bear 3X Shares (BGZ) Small Cap Bear 3X Shares (TZA) Energy Bear 3X Shares (ERY) Financial Bear 3X Shares (FAZ) Is there a limit to the amount of leverage ETFs will be able to achieve? An investor buying a 3x ETF using margin is really leveraging their investment 6x. The industry still has quite a way to go before it reaches the lofty 35x leverage of Wall Street IBs. They’re tracking pretty accurate today although the jury is still out on the long term tracking accuracy of the 2x leverage funds.