Top Performing Leveraged/Inverse ETFs: 08/03/2025

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.

1. JETD – MAX Airlines -3X Inverse Leveraged ETNs

JETD, which tracks -3x the daily price movements of an index consisting of US-listed companies in the air transportation industry, topped the list with over 18% weekly gains. The U.S. airline sector has experienced a downturn due to a combination of factors, including economic uncertainty, rising tariffs, and safety concerns, which have led to reduced travel demand and lowered profit forecasts for major carriers.

2. FLYD – MicroSectors Travel -3x Inverse Leveraged ETN

FLYD, which tracks -3x the daily price movements of an index of US-listed travel-related companies, also ranked second on the weekly list of inverse ETFs with ~17.8% returns.

3. UVIX – 2x Long VIX Futures ETF

UVIX, which offers daily 2x leveraged exposure to short-term VIX futures, is featured on the list of leveraged ETFs. The US stock market experienced increased volatility last week due to weaker-than-expected economic data, particularly the July jobs report, renewed trade policy uncertainty stemming from President Trump’s tariff announcements, and the Federal Reserve’s decision to hold interest rates steady. VIX, the CBOE Volatility Index, has risen to ~17.5 from ~14.9 in the prior week.

4. HIMZ – Defiance Daily Target 2X Long HIMS ETF

HIMZ seeks to deliver 2x leveraged exposure to the daily share price movement of Hims & Hers Health Inc. After climbing last week in anticipation of its Q2 earnings report, Hims & Hers (HIMS) shares later dropped following a revenue miss.

5. YANG – Direxion Daily FTSE China Bear 3X Shares

YANG offers 3x daily short leverage to the FTSE China 50 Index and is featured on the list of levered/ inverse ETFs returning over 15% last week. Mainland Chinese stock markets fell after new U.S. tariffs and weak economic data from China raised concerns about global growth.

6. CARD – MAX Auto Industry -3x Inverse Leveraged ETN

CARD, an exchange-traded note that tracks -3x of the daily price movements of an index consisting of US-listed auto companies, was one of the contenders on the list with ~14% weekly returns. President Donald Trump’s new tariffs are expected to have a significant impact on the automotive industry. Ford Motor Co. anticipates a sharp drop in its profits this year, citing a $2 billion tariff-related hit. Meanwhile, shares of South Korean automakers Hyundai Motor and Kia Corp also fell after the announcement of the U.S.-Korea Auto tariff deal.

7. SRTY – ProShares UltraPro Short Russell2000

ProShares UltraPro Short Russell2000, SRTY ETF which offers 3x daily short leverage to the Russell 2000 Index, was another contender on the list with ~13.6% returns in the last week amid weak jobs data and new tariffs.

8. TZA – Direxion Daily Small Cap Bear 3X Shares

The TZA, Direxion Daily Small Cap Bear 3X Shares which provides inverse leverage to the US small-cap equity market (Russell2000 Index), also made it to the list, gaining ~13.5% last week. U.S. markets tumbled at the start of August as investors reacted to a combination of a weakening economy and new tariff rates announced by the President.

9. SMN – ProShares UltraShort Materials

SMN ETF which offers 2x daily short leverage to the Dow Jones U.S. Basic Materials Index, was one of the contenders on the top-performing inverse ETFs list as Trump’s tariffs continue to hurt global trade flows, leading to decreased demand for materials and goods from US trading partners.

10. UVXY – ProShares Ultra VIX Short-Term Futures ETF

UVXY, which offers leveraged exposure to an index of short-term VIX futures contracts, was another volatility-focused fund on the top-performing levered ETFs last week as volatility increased amid weaker-than-expected economic data and Trump’s tariffs.

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