What Are Leveraged and Inverse ETFs, and Are They Available on Pluang?
Leveraged ETFs aim for a multiple, such as 2x or 3x, of an index's daily return, inverse ETFs aim for the opposite, and Pluang offers some, such as SPXL, SOXL and SOXS. US Stocks and ETFs on Pluang are facilitated by PT PG Berjangka, a Financial Derivatives Trading Intermediary for derivative products with securities as the underlying asset, licensed and supervised by OJK. Both reset every trading day, so over longer periods their returns can drift far from the multiple you might expect. They are different from Pluang's own leverage feature, which lets you open a position with borrowed buying power.
Examples of leveraged and inverse ETFs on Pluang
| ETF | Daily target | What it follows |
|---|---|---|
| SPXL | 3x the daily return | The S&P 500 |
| SOXL | 3x the daily return | A US semiconductor index |
| SOXS | Minus 3x the daily return (inverse) | A US semiconductor index |
| TMF | 3x the daily return | US Treasuries maturing in over 20 years |
| YINN | 3x the daily return | Large Chinese companies |
| CWEB | 2x the daily return | Chinese internet companies |
| BOIL | 2x the daily return | Natural gas futures |
The list in the app can change, so search the ticker in US Stocks to check what is available.
Why the daily reset matters
Say an index rises 10% one day and falls 10% the next: it ends about 1% lower. A 3x fund on the same index would rise 30% and then fall 30%, ending about 9% lower, before fund costs. The longer you hold, and the more the market swings, the further the result can move from three times the index.
Leveraged ETFs versus Pluang's leverage feature
| Leveraged or inverse ETF | Pluang leverage (2x or 4x Day Trade) | |
|---|---|---|
| Where the leverage sits | Inside the fund | In your position, through borrowed buying power |
| Account used | Your regular US Stocks balance | Your USD Margin balance |
| Daily Leverage Fee | No | Yes on 2x positions held past the market close; not on 4x Day Trade |
| Margin calls | No | Yes: if your margin level drops too low you get a margin call, and below 30% positions are sold automatically |
| Most you can lose | The amount you put in | Losses come out of your USD Margin balance |
Buying or selling a leveraged or inverse ETF carries the regular US Stocks fees, the same as any other ETF.
Learn more: what leverage on US Stocks is and why leverage is risky.
Related questions:
Q: Are leveraged ETFs suited to long-term investing?
Generally not. Because they reset every day, their results over weeks or months can differ sharply from the stated multiple, especially in a choppy market. They are designed for short holding periods by people who follow the market closely.
Q: How is an inverse ETF different from short selling?
You buy an inverse ETF like any other ETF, and it gains when its index falls on that day. You don't borrow shares or open a short position yourself, and the most you can lose is the amount you put in.
Q: Is there a Daily Leverage Fee on a leveraged ETF?
No. The Daily Leverage Fee applies only to Pluang's own 2x leverage positions held past the market close. A leveraged ETF bought without Pluang leverage carries the regular US Stocks fees, and the fund's own costs are built into its price.
Q: Where do I find leveraged and inverse ETFs on Pluang?
Search the ticker, such as SPXL or SOXS, in the US Stocks section of the app. The list can change over time.
Last updated: 6 November 2026