Top Performing Levered/Inverse ETFs Last Week
These were last week’s top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework.
|Ticker||Name||1 Week Return|
|(BNKD)||MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs||28.00%|
|(SOXS )||Direxion Daily Semiconductor Bear 3x Shares||24.58%|
|(HIBS)||Direxion Daily S&P 500 High Beta Bear 3X Shares||21.63%|
|(WEBS)||Direxion Daily Dow Jones Internet Bear 3X Shares||21.43%|
|(FAZ )||Direxion Daily Financial Bear 3X Shares||21.22%|
|(BZQ )||ProShares UltraShort MSCI Brazil Capped||20.62%|
|(TECS )||Direxion Daily Technology Bear 3X Shares||20.12%|
|(DRV )||Direxion Daily Real Estate Bear 3X Shares||19.22%|
|(SQQQ )||ProShares UltraPro Short QQQ||17.85%|
|(SSG )||Proshares Ultrashort Semiconductors||17.54%|
1. BERZ – MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
The BERZ ETF, which provides daily -3x inverse exposure to an index of FANG and technology companies, topped the top-performing inverse ETFs list with 24% weekly returns. Technology stocks toppled over rising US inflation reports, the expectation of another Fed interest rate hike later in the week, and prominent recession fears.
2. SOGU – Short De-Spac ETF
The SOGU ETF was one of the top-performing ETFs with ~22.5% weekly returns. The ETF which provides inverse exposure to the daily performance of The De-SPAC Index, focusing on US-listed companies that recently completed a business combination transaction with a special purpose acquisition company, ranked second on the list on concerns about the financials of at least ~25 SPACs.
3. MJIN – ETFMG 2X Daily Inverse Alternative Harvest ETF
MJIN, which offers inverse exposure to a market-cap-weighted index of cannabis firms located globally, was one of the top-performing inverse ETFs in the last week, as Cannabis major Aurora faced an unfavorable financing environment in the last week. Canopy Growth also posted higher-than-expected losses.
4. PFIX – Simplify Interest Rate Hedge ETF
The PFIX ETF that offers investors a hedge against a sharp increase in long-term interest rates was one of the top-performing ETFs last week as the interest rate on U.S. 20-year Treasury bond sharply increased to 3.6% from 3.35% five days ago.
5. KWEB – KraneShares CSI China Internet ETF
KWEB which offers exposure to Chinese software and information technology stocks was one of the top-performing ETFs with more than 7% returns in the last week, on hopes of easing crackdowns in the wake of Didi Global’s regulatory probe closures.
6. VIXY – ProShares VIX Short-Term Futures ETF
ProShares VIX Short-Term Futures ETF featured on the list of top-performing ETFs list as VIX, the CBOE market volatility index increased significantly to 34 from 25.6 five days ago.
7. VXX – iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX was another equity market volatility ETF that made it to the list returning over 6.5% in the last week.
8. PGJ – Invesco Golden Dragon China ETF
PGJ ETF tracks the performance of US-listed companies having substantial exposure to China, rose on easing crackdown fears as China nears end of Didi probe.
9. PGM – iPath Series B Bloomberg Platinum Subindex Total Return ETN
PGM ETF featured on the list of best performing ETFs as platinum prices rise on increasing supply concerns due to the continuing Russia-Ukraine conflict.
10. VCLO – Simplify Volt Cloud and Cybersecurity Disruption ETF
VCLO ETF providing exposure to cloud technology and cybersecurity companies was one of the best performing ETFs with over 6% returns last week with increasing trends of technology infrastructure shifting from hardware and software to the cloud and shared technology.
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