Leveraged ETF Love Machine 16 years ago Leveraged ETF ETF (exchange-traded fund) that amplifies the returns of an underlying index by using financial derivatives and debt. The strategy used is to maintain a constant leverage during the investment period, such as 2:1 or 3:1 ratio. Recommended for you: Leveraged Equity Leveraged Beta Leveraged Buyout (LBO) Leveraged Required Return