25 Best Long ETFs (Bullish ETFs) in 2024 (2024)

25 Best Long ETFs (Bullish ETFs) in 2024 (1)

Written by Blain Reinkensmeyer, Sam Levine, CFA, CMT
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis

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 NAMETICKERLEVERAGEBENCHMARK 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 NAMETICKERLEVERAGEBENCHMARK 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 NAMETICKERLEVERAGEBENCHMARK 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 NAMETICKERLEVERAGEBENCHMARK 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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  • Why Day Trading Is a Losing Game
  • How to Invest (Beginner's Guide)
25 Best Long ETFs (Bullish ETFs) in 2024 (2024)

FAQs

25 Best Long ETFs (Bullish ETFs) in 2024? ›

Grayscale Bitcoin Trust (NYSE:GBTC)

The standout ETF in terms of performance over the last five years has been GBTC(GBTC), boasting a remarkable five-year trailing return of 59.17% as of March 31.

What is the best performing ETF in the last 5 years? ›

Grayscale Bitcoin Trust (NYSE:GBTC)

The standout ETF in terms of performance over the last five years has been GBTC(GBTC), boasting a remarkable five-year trailing return of 59.17% as of March 31.

What is the best ETF to invest $1000 in? ›

Vanguard S&P 500 ETF

ETFs are convenient and effective, to say the least. If you're interested in investing in an ETF and have $1,000 that you can spare to invest -- meaning you already have an emergency fund saved and have paid down any high-interest debt -- the Vanguard S&P 500 ETF (VOO 0.09%) is a great option.

How to pick long term ETFs? ›

Long-term investors generally look for ETFs they can hold for several years, or their full investment time horizon, which may be decades. Therefore, the best ETFs for the long term may include a diverse set of ETFs with low expenses, high assets under management and a long-term performance history.

Is VOO or VTI better long term investment? ›

Both have the same expense ratio and similar dividend yield, so you should choose whichever one you prefer based on the fund's strategy. If you only want to own the biggest and safest companies, choose VOO. If you want broader exposure and more diversification, choose VTI.

How many ETFs should I own? ›

Experts agree that for most personal investors, a portfolio comprising 5 to 10 ETFs is perfect in terms of diversification.

What is a 5 to 10 year bond ETF? ›

The iShares Core 5-10 Year USD Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated bonds that are rated either investment-grade or high yield with remaining effective maturities between five and ten years.

Is qqq better than voo? ›

Average Return

In the past year, QQQ returned a total of 39.07%, which is significantly higher than VOO's 30.88% return. Over the past 10 years, QQQ has had annualized average returns of 18.80% , compared to 12.96% for VOO. These numbers are adjusted for stock splits and include dividends.

What is the equity market outlook for 2024? ›

Global equity markets are likely to remain challenged in 2024 as the world transitions to a regime of higher trend inflation and interest rates. This transition could generate shifts in earnings growth expectations, triggering volatility. Close attention to risk management will be needed.

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