An inverse fund (SQQQ, SPXU, SOXS) rises when its index falls. A bullish lean on SQQQ is a bet that SQQQ goes up, which means a bet that the Nasdaq-100 goes down.
A leveraged fund (TQQQ, SOXL, UPRO) moves about 2 or 3 times its index each day, in the same direction. It resets daily, so over several days it can drift away from that multiple.
A volatility fund (UVXY, VXX) tracks market fear. It usually jumps when stocks fall and slowly loses value while markets stay calm. A short-volatility fund (SVXY) does the opposite. Cards for all of these carry a tag saying what the fund does.
Related terms
- Bias (bullish / bearish / neutral) — Our read of which way the flow leans. Context, not a guarantee.
See it in the flow
Open the dashboard to watch real options flow free, or read the beginner guides. Watch-only — not financial advice.