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 |
|---|---|---|
| (MJXL) | ETFMG 2X Daily Alternative Harvest ETF | 34.65% |
| (BOIL ) | ProShares Ultra Bloomberg Natural Gas | 27.40% |
| (OILU ) | MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN | 26.07% |
| (GUSH ) | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares | 23.27% |
| (NRGU) | MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 20.09% |
| (UBR ) | ProShares Ultra MSCI Brazil Capped | 18.89% |
| (BRZU ) | Direxion Daily MSCI Brazil Bull 2X Shares | 18.31% |
| (DIG ) | ProShares Ultra Oil & Gas | 15.99% |
| (ERX ) | Direxion Daily Energy Bull 2X Shares | 15.51% |
| (UCO ) | ProShares Ultra Bloomberg Crude Oil | 11.66% |
1. MJXL – ETFMG 2X Daily Alternative Harvest ETF
MJXL provides 2x daily leveraged exposure to a market-cap-weighted index of cannabis firms located globally, topped the list of top-performing levered ETFs with weekly returns of ~35%. Cannabis ETFs gained on hopes of federal legalization.
2. BOIL – ProShares Ultra Bloomberg Natural Gas
BOIL, the natural gas ETF was one of the top-performing levered ETFs gaining ~27% in the last week. Natural gas prices continue to gain amid rising tensions between Russia and Ukraine and as several western countries imposed sanctions on Russia. Natural gas prices also got a boost from declining inventories as expected as well as cooler weather conditions.
3. OILU – MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
The OILU ETF, which provides 3x daily leveraged exposure to an index of US firms involved in oil and gas exploration and production featured on the top-performing leveraged ETFs list, amid Russian sanctions, tight supply concerns as well as stable demand conditions.
4. GUSH – Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
GUSH, was another oil & gas exploration and production ETF that made it to the list from growing supply concerns.
5. NRGU – MicroSectors U.S. Big Oil Index 3X Leveraged ETN
NRGU which tracks three times the performance of an index of US Oil & Gas companies topped the weekly list returning ~20%. The energy sector gained more than 1% in the last five days.
6. UBR – ProShares Ultra MSCI Brazil Capped
UBR, which offers 2x daily long leverage to the MSCI Brazil Index was one of the top-performing levered ETFs as the country witnessed improved commodity prices and as investors focus on investing in Brazil, India, and China markets from the erstwhile BRIC investing.
7. BRZU – Direxion Daily MSCI Brazil Bull 2X Shares
BRZU which provides 2x daily leveraged exposure to an index of large and mid-cap Brazilian companies also made it to the list.
8. DIG – ProShares Ultra Oil & Gas
DIG, ProShares Ultra Oil & Gas ETF that offers 2x daily long leverage to the Dow Jones U.S. Oil & Gas Index, was one of the top-performing ETFs on rising energy prices.
9. ERX – Direxion Daily Energy Bull 2X Shares
Direxion Daily Energy Bull 2X Shares was another energy ETF present on the list.
10. UCO – ProShares Ultra Bloomberg Crude Oil
ProShares Ultra Bloomberg Crude Oil was one of the levered ETFs returning more than 11% last week, as oil prices gained on global supply chain disruption and a sanction on Russian fuels by the western countries.
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