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 |
|---|---|---|
| (KOLD ) | ProShares UltraShort Bloomberg Natural Gas | 15.21% |
| (WEBS ) | Direxion Daily Dow Jones Internet Bear 3X Shares | 12.44% |
| (YANG ) | Direxion Daily FTSE China Bear 3X Shares | 10.87% |
| (RETL ) | Direxion Daily Retail Bull 3X Shares | 9.74% |
| (EDZ ) | Direxion Daily MSCI Emerging Markets Bear 3X Shares | 9.24% |
| (BERZ ) | MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 8.55% |
| (TECS ) | Direxion Daily Technology Bear 3X Shares | 7.48% |
| (FNGD ) | MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 7.23% |
| (FXP ) | ProShares UltraShort FTSE China 50 | 7.07% |
| (SOXS ) | Direxion Daily Semiconductor Bear 3x Shares | 5.92% |
1. KOLD – ProShares UltraShort Bloomberg Natural Gas
KOLD, which offers 2x daily inverse leveraged exposure to natural gas, ranked No.1 on the list of top performing levered/ inverse ETFs returning ~15% last week, as high inventory levels and increased natural gas production put downward pressure on prices.
2. WEBS – Direxion Daily Dow Jones Internet Bear 3X Shares
The WEBS ETF that tracks companies having a strong internet focus was present on the top performing levered/ inverse ETFs list last week fueled by pessimism about interest rate cuts and concerns over slowing growth.
3. YANG – Direxion Daily FTSE China Bear 3X Shares
YANG, which offers 3x daily short leverage to the FTSE China 50 Index featured on the list of levered/ inverse ETFs returning nearly ~11% last week driven by a downturn in China’s manufacturing sector.
4. RETL – Direxion Daily Retail Bull 3X Shares
RETL offering 2x daily long leverage to the Russell 1000 RGS Retail Index ranked fourth on the list with weekly returns of ~9.7%. Retail got a boost from rising sales and shares at the retail giant Costco as soaring inflation turned many shoppers into Costco converts. The company’s strategy of offering bulk goods and memberships at a fixed price has attracted millions seeking bargains on everything from groceries to appliances
5. EDZ – Direxion Daily MSCI Emerging Markets Bear 3X Shares
EDZ which offers 3x daily short leverage to the broad-based MSCI Emerging Markets Index also made it to the list with over 9% weekly gains driven broadly by geopolitical tensions, the weakness in the Chinese market, and upcoming UK polls.
6. BERZ – MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
The BERZ ETF provides daily -3x inverse exposure to an index of FANG and technology companies also featured on the list of top-performing inverse ETFs with ~8.5% weekly returns amid lower expectations for future interest-rate cuts.
7. TECS – Direxion Daily Technology Bear 3X Shares
Another inverse technology ETF, TECS made it to the list gaining around ~7.5% last week as technology stocks fell on dimming market sentiment toward aggressive rate cuts in 2024.
8. FNGD – MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
FNGD ETF, which provides inverse exposure to the US big tech equity was on the list of top inverse ETFs as the technology sector lost ~0.5% in the last five days.
9. FXP – ProShares UltraShort FTSE China 50
FXP, which offers inverse exposure to China’s large cap stocks was another China-focused ETF on the list and gained nearly ~7% last week.
10. SOXS – Direxion Daily Semiconductor Bear 3x Shares
The SOXS ETF inversely tracks the performance of the PHLX Semiconductor Index, featured on the list of levered/ inverse ETFs with ~6% returns in the last week around fading optimism for aggressive rate cuts.
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