If you've been looking at Amazon stock but want something more exciting, you're not alone. I've been in the same situation—seeing Amazon's long-term appreciation and thinking, "What if I could double those returns?" That's where Amazon leveraged ETFs are useful. They allow you to double Amazon's price fluctuations—some by 2x or even 3x.
If you are a bull or want to be ahead in a flat market, knowing the best Amazon leveraged ETFs may actually be a huge advantage to your 2025 investments.
In this article, I will present you with the Top 5 Amazon leveraged ETFs to watch this year. We will look into Amazon 2x leveraged ETFs, 3x Amazon ETFs, and even an inverse Amazon ETF if you think the retail giant will perform poorly. All of this is based on research, not hype—and yes, there are practical strategies as well.
What is an Amazon Leveraged ETF?
Let's keep it simple. A leveraged Amazon ETF is an ETF that will attempt to give you a higher return based on Amazon stock. When Amazon stock rises by 1%, a 2x Amazon leveraged ETF might rise by 2%. A 3x Amazon ETF might rise by 3%.
But—there is a catch. Leverage is a two-way street. If Amazon falls, your losses are also amplified. That's why I always advise investors: leverage is not for the faint of heart or the passive holder. These are short-term trading vehicles, not long-term "set and forget" investments.
Best 5 Amazon Leveraged ETFs to Track in 2025
After digging deep into fund strategies, performance charts, and prospectuses, these are my top 5 Amazon leveraged ETF picks for 2025—listed by risk, strategy, and growth potential.
1. Direxion Daily AMZN Bull 2X Shares (Ticker: AMZU)
Focus: 2 times daily exposure to Amazon
Symbol: Amazon 2x leveraged ETF
| Metric | Value |
|---|---|
| Previous Close | 29.09 |
| Open | 29.56 |
| Bid | 29.33 x 200 |
| Ask | 29.40 x 400 |
| Day's Range | 28.79 - 29.81 |
| 52 Week Range | 21.28 - 50.61 |
| Volume | 923,689 |
| Avg. Volume | 1,418,641 |
| Net Assets | 192.62M |
| NAV | 29.09 |
| PE Ratio (TTM) | 36.38 |
| Yield | 3.78% |
| YTD Daily Total Return | -30.38% |
| Beta (5Y Monthly) | 0.00 |
| Expense Ratio (net) | 0.99% |
Why Watch in 2025:
If you want a clean leverage play on Amazon, AMZU is the way to go. It gives 200% daily returns of Amazon's stock move. In 2024, it ran up more than +50% in Amazon's big Q4—showing just how responsive it is to earnings and sentiment.
AMZU is not to be held for weeks. The compounding effect can hurt returns in volatile markets. Use it when you are highly confident about Amazon's short-term trend.
Also Read: The 10 Best Strategies for Trading 3x NVIDIA ETF
2. FNGU – MicroSectors FANG+ Index 3X Leveraged ETN
Concentration: 3x leverage on FANG+ index (Amazon included)
Type: 3 times Amazon ETF exposure
| Metric | Value |
|---|---|
| Last Price (At close: Feb 28) | 523.50 (+24.33 / +4.87%) |
| Previous Close | 499.17 |
| Open | 494.89 |
| Day's Range | 477.00 - 525.00 |
| 52 Week Range | 252.33 - 697.87 |
| Volume | 1,219,671 |
| Avg. Volume | 768,367 |
| Net Assets | 6.47B |
| NAV | 369.32 |
| PE Ratio (TTM) | 38.55 |
| Yield | 0.00% |
| YTD Daily Total Return | -36.31% |
| Beta (5Y Monthly) | 3.59 |
| Expense Ratio (net) | 0.95% |
Why Watch in 2025:
Things are going to get interesting. FNGU provides 3x leveraged exposure to Amazon, Apple, Meta, and others. It is not a clean 3x Amazon ETF but still provides decent exposure with Amazon contributing about 10-15% of the portfolio.
FNGU has returned over 150% in some favorable tech cycles. It's uncertain, dangerous, and extremely exciting.
Important Alert: This is an ETN (not an ETF). It carries credit risk. But if you seek 3x leveraged ETF-like Amazon performance in a package, this is it.
3. TQQQ – ProShares UltraPro QQQ
Focus: 3 times leveraged exposure to Nasdaq 100
Type: Indirect Amazon leveraged ETF
Expense Ratio: 0.84% (from table, text says ~0.95%)
| Metric | Value |
|---|---|
| Last Price (At close) | 58.97 (-0.14 / -0.24%) |
| After Hours | 58.95 (-0.02 / -0.03%) |
| Previous Close | 59.11 |
| Open | 59.85 |
| Bid | 58.95 x 4100 |
| Ask | 59.14 x 29200 |
| Day's Range | 58.33 - 60.27 |
| 52 Week Range | 35.00 - 93.79 |
| Volume | 72,846,962 |
| Avg. Volume | 113,303,524 |
| Net Assets | 21.09B |
| NAV | 59.09 |
| PE Ratio (TTM) | 31.97 |
| Yield | 1.79% |
| YTD Daily Total Return | -25.07% |
| Beta (5Y Monthly) | 3.41 |
| Expense Ratio (net) | 0.84% |
Why Watch in 2025:
I understand what you're saying: "TQQQ isn't just Amazon." That's correct. Amazon is, though, one of the top five Nasdaq 100 stocks. And so, when you purchase TQQQ, you're getting some profit from Amazon, even if not just that.
TQQQ performs well when tech performs well—and come on, Amazon is a tech stock. In 2023 and 2024, TQQQ performed significantly better than the S&P 500.
Use Case: You believe Amazon and the tech sector will do well. You want a mixed strategy using an Amazon leveraged ETF that has great potential for profit.
4. AMZN Options-Backed Leveraged ETFs (New ETFs to Watch - Example AMZ3.L)
| Metric | Value (for AMZ3.L example) |
|---|---|
| Previous Close | 6.65 |
| Open | 6.74 |
| Bid | 6.70 x -- |
| Ask | 6.72 x -- |
| Day's Range | 6.63 - 6.93 |
| 52 Week Range | 4.10 - 16.55 |
| Volume | 14,318 |
| Avg. Volume | 14,914 |
| Net Assets | 5.51M |
| NAV | 6.66 |
| PE Ratio (TTM) | 0.37 |
| Yield | 0.00% |
| YTD Daily Total Return | -49.91% |
| Beta (5Y Monthly) | 0.00 |
| Expense Ratio (net) | 0.00% |
There are discussions about new leveraged ETFs targeting Amazon gaining SEC approval in 2025. Many managers are considering ETFs employing options strategy leverage—offering 2x or 3x daily returns without being entirely dependent on derivatives like swaps or futures.
These do not exist yet (in the US directly targeting AMZN with 2x/3x daily via options as a primary strategy, AMZ3.L is an LSE example of an options-based ETP), but look for them. If they come out, they will give another means to trade Amazon 3x leveraged ETF exposure with better information.
Prediction: The second type of leveraged ETF that Amazon might use would employ options and actively rebalance. If they debut in 2025, early investors can profit a lot.
Also Read: Top 5 Bitcoin Short ETF to Watch in 2025
5. PSQ – ProShares Short QQQ
Market Concentration: Inverse exposure of the Nasdaq 100
Type: Indirect Amazon ETF (not direct)
Expense Ratio: 0.95%
| Metric | Value |
|---|---|
| Last Price (At close) | 38.29 (+0.04 / +0.10%) |
| After Hours | 38.32 (+0.03 / +0.09%) |
| Previous Close | 38.25 |
| Open | 38.13 |
| Bid | 38.25 x 41800 |
| Ask | 38.33 x 42300 |
| Day's Range | 38.03 - 38.44 |
| 52 Week Range | 35.57 - 46.98 |
| Volume | 3,622,189 |
| Avg. Volume | 6,507,830 |
| Net Assets | 651.4M |
| NAV | 38.27 |
| Yield | 6.31% |
| YTD Daily Total Return | 3.16% |
| Beta (5Y Monthly) | -1.11 |
| Expense Ratio (net) | 0.95% |
Why Watch in 2025:
Maybe you're not so bullish on Amazon. Maybe you think the e-commerce giant is too expensive. Enter: inverse ETFs.
Though PSQ isn't Amazon-centric, it counteracts the Nasdaq 100. As Amazon falls, PSQ increases. It's a hedge for the bearish trader.
⚠️ Note: This is not a leveraged -1x ETF, but it's worth mentioning if you want to hedge an Amazon-biased portfolio.
Strategy: How to Use Amazon Leveraged ETFs Most Effectively
This is what I've learned after years in the market:
- Implement close stop losses – These ETFs move rapidly. Don't "hope" your position returns.
- Understand your time horizon – These are short-term reset funds, not long-term investments.
- Usage during earnings or events – Amazon's earnings season tends to make dramatic fluctuations. That's the ideal time.
- Apply technical analysis – Momentum oscillators such as RSI and MACD prove extremely useful in this case.
And most importantly: Don't bet the farm. These are tools, not solutions.
Final Thoughts: Should You Buy an Amazon Leveraged ETF?
Only if:
- You understand how leverage works.
- You have a short-term orientation.
- You closely monitor your trades.
Amazon is a big company—but even big companies make mistakes. If you're a short-term trend believer and want to increase your returns, Amazon leveraged ETFs can be very useful. But beware. As I always say: if the reward is greater, the risk is greater as well.
Case Study: AMZU vs. AMZN in 2024 – A Dive Into Action Leverage
Quarterly Performance Overview
| Quarter | AMZN Return | AMZU Return | Observations |
|---|---|---|---|
| Q1 2024 | +12% | +24% | Strong Amazon rally; AMZU mirrors expected 2x gain |
| Q2 2024 | -6% | -12% | Negative return amplified; downside risk evident |
| Q3 2024 | +9% | +18% | Sideways-to-bullish; compounding benefits |
| Q4 2024 | +15% | +30% | Blowout earnings; leverage works effectively |
Compounding Effect Example
Day 1
AMZN +3% → AMZU +6%
Day 2
AMZN -3% → AMZU -6%
Net Result:
AMZN: -0.09%
AMZU: -0.36%
Advanced Insights
Daily Rebalancing
Exposure reset daily to maintain 2x leverage
Volatility Impact
Sequence of returns affects long-term performance
Compounding Risk
Geometric returns differ from simple multiplication
