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.

TickerName1 Week Return
(MJXL)ETFMG 2X Daily Alternative Harvest ETF34.65%
(BOIL B)ProShares Ultra Bloomberg Natural Gas27.40%
(OILU )MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN26.07%
(GUSH )Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares23.27%
(NRGU)MicroSectors U.S. Big Oil Index 3X Leveraged ETN20.09%
(UBR C+)ProShares Ultra MSCI Brazil Capped18.89%
(BRZU )Direxion Daily MSCI Brazil Bull 2X Shares18.31%
(DIG B)ProShares Ultra Oil & Gas15.99%
(ERX C+)Direxion Daily Energy Bull 2X Shares15.51%
(UCO A)ProShares Ultra Bloomberg Crude Oil11.66%


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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