12 New Leveraged Commodity and Currency ETFs

Here's a quick list of some new ETFs hitting the markets:

• ProShares Ultra DJ-AIG Commodity (UCD)
• ProShares Ultra Short DJ-AIG Commodity (CMD)
• ProShares Ultra DJ-AIG Crude Oil (UCO)
• ProShares Ultra Short DJ-AIG Crude Oil (SCO)
• ProShares Ultra Euro (ULE)
• ProShares UltraShort Euro (EUO)
• ProShares Ultra Yen (YCL)
• ProShares UltraShort Yen (YCS)
• ProShares Ultra Gold (UGL)
• ProShares UltraShort Gold (GLL)
• Proshares Ultra Silver (AGQ)
• Proshares UltraShort Silver (ZSL)

I find it highly ironic that in a time where everyone is deleveraging and is concerned about leverage, that we continually see more and more leveraged ETFs popping up -just what we needed!

Oh, and if you missed it, the new triple levered ETFs take the cake!

Disclosure: None

Comments

[Stock Gambler:]

Didn't you mean UCO (the Ultra) instead of USO (just a 1X fund)?

2008 Dec 12 09:20 PM

[rayman:]

wow? nice......

2008 Dec 12 09:53 PM

[rayman:]

yeah, he got the ticker wrong......DXO is double leverage crude also
the Gold ETNs were left out as well
(DZZ/DGP)


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2008 Dec 12 09:54 PM

[kurt walter:]

Awesome. More possibilities for the casino.

2008 Dec 13 04:14 PM

[Kunst:]

Watch out for these leveraged ETFs. ProShares' existing ones (DDM, DXD, .... SKF, SRS, etc) do not do what they are supposed to, match double the (inverse of) their indexes, even on a day basis. Over not very long a time, both halves of their ultra/ultrashort pairs (e.g., UYG/SKF) will tend to underperform their goals, sometimes to the point that BOTH are negative in as little as a few days. Run some comparison charts and you'll see what's happening. These are dangerous vehicles, suitable for only very short-term trading/gambling.

2008 Dec 14 02:54 AM

[Market Folly:]

the tickers for these etf's are correctly listed on my original blog post: www.marketfolly.com/20...

somehow SA messed up the tickers when going through and altering the format

2008 Dec 16 12:51 PM