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 |
|---|---|---|
| (BOIL ) | ProShares Ultra Bloomberg Natural Gas | 35.84% |
| (YANG ) | Direxion Daily FTSE China Bear 3X Shares | 25.78% |
| (FXP ) | ProShares UltraShort FTSE China 50 | 16.59% |
| (GDXD ) | MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 16.05% |
| (CLDS ) | Direxion Daily Cloud Computing Bear 2X Shares | 13.23% |
| (FNGD ) | MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 12.21% |
| (BZQ ) | ProShares UltraShort MSCI Brazil Capped | 11.98% |
| (DUST ) | Direxion Daily Gold Miners Index Bear 2x Shares | 11.62% |
| (WEBS ) | Direxion Daily Dow Jones Internet Bear 3X Shares | 10.94% |
| (EDZ ) | Direxion Daily MSCI Emerging Markets Bear 3X Shares | 10.55% |
1. BOIL – ProShares Ultra Bloomberg Natural Gas
BOIL, the natural gas ETF topped the list of top performing levered ETFs gaining more than ~35% in the last week. Natural gas prices are rising on account of lower shipments through the Nord Stream 1 pipeline due to routine pipeline maintenance, and lower LNG supplies.
2. YANG – Direxion Daily FTSE China Bear 3X Shares
YANG, which offers 3x daily short leverage to the FTSE China 50 Index, was the top performing levered/ inverse ETF returning over ~25% last week. The Chinese market slumped amid growing concerns about the country’s economic outlook, tumbling real estate market as well as muted regulatory measures.
3. FXP – ProShares UltraShort FTSE China 50
This ETF which offers inverse exposure to China’s large cap stocks gained more than 16% last week as China market suffered from signs of slow growth.
4. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs
GDXD which offers inverse levered exposure to Global Gold Miners was one of the top inverse ETFs gaining ~16% last week. Gold prices inched lower on a stronger US dollar amid prospects of upcoming aggressive monetary tightening.
5. CLDS – Direxion Daily Cloud Computing Bear 2X Shares
Direxion Daily Cloud Computing Bear 2X Shares which tracks the performance of the Indxx USA Cloud Computing Index inversely featured on the top performing levered ETFs list. The sector declined driven by fears of recession and global crisis. Technology giants like Tesla, Amazon, and Microsoft, etc. failed to impress the market with their last quarterly performance.
6. FNGD – MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
FNGD ETF, which provides inverse exposure to the US big tech equity was another contender on the list of top weekly inverse ETFs with close to ~12% returns.
7. BZQ – ProShares Ultrashort MSCI Brazil Capped ETF
The BZQ ETF offers a good way to play the bearish short-term outlook for Brazilian large cap stocks. This inverse ETF returned more than 11% in the last week as the Brazil market declined in line with other emerging markets on the back of recession fears and China worries.
8. DUST – Direxion Daily Gold Miners Index Bear 2x Shares
DUST which provides inverse levered exposure to Global Gold Miners was another top inverse ETF returning over ~11% last week as gold prices suffered in a strong dollar environment.
9. WEBS – Direxion Daily Dow Jones Internet Bear 3X Shares
The WEBS ETF that tracks companies with a solid internet focus was present on the top-performing levered/ inverse ETFs list last week on fears of global economic slowdown.
10. EDZ – Direxion Daily MSCI Emerging Markets Bear 3X Shares
Direxion Daily MSCI Emerging Markets Bear 3X Shares, EDZ which offers daily short leverage to the broad-based MSCI Emerging Markets Index featured on the top performing inverse ETFs list as markets declined after weak economic growth data from China and heightened recession fears.
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