Leveraged ETF Love Machine 14 years ago Leveraged ETFETF (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 EquityLeveraged BetaLeveraged Buyout (LBO)Leveraged Required Return