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|
|(KOLD )||ProShares UltraShort Bloomberg Natural Gas||30.55%|
|(MJXL )||ETFMG 2X Daily Alternative Harvest ETF||23.36%|
|(CWEB )||Direxion Daily CSI China Internet Index Bull 2x Shares||22.17%|
|(MJO )||MicroSectors Cannabis 2X Leveraged ETN||20.61%|
|(GDXU )||MicroSectors Gold Miners 3X Leveraged ETN||19.52%|
|(YINN )||Direxion Daily FTSE China Bull 3X Shares||15.51%|
|(JNUG )||Direxion Daily Junior Gold Miners Index Bull 2x Shares||15.45%|
|(NUGT )||Direxion Daily Gold Miners Index Bull 2x Shares||12.92%|
|(LABD )||Direxion Daily S&P Biotech Bear 3x Shares||11.62%|
|(XPP )||ProShares Ultra FTSE China 50||10.06%|
1. KOLD – ProShares UltraShort Bloomberg Natural Gas
KOLD, which offers 2x daily inverse leveraged exposure to natural gas, featured on the top-performing levered/ inverse ETFs list this week. Natural gas prices declined due to warmer than normal weather conditions for the next couple of weeks in the U.S.
2. MJXL – ETFMG 2X Daily Alternative Harvest ETF
MJXL seeks the daily investment results of 200% of the performance of the Prime Alternative Harvest Index. The ETF tracks the performance of companies engaged in the cannabis business. Marijuana stocks ‘got high’ on the hopes of legalization. Sundial Growers’ stock buyback also provided a boost.
3. CWEB – Direxion Daily CSI China Internet Index Bull 2x Shares
The Direxion Daily CSI China Internet Index Bull 2x Shares seeks daily investment results of 200% of the performance of the CSI Overseas China Internet Index, returned 22%+ last week, and made it to the list. US-listed Chinese stocks gained after strong Chinese Singles’ Day.
4. MJO – MicroSectors Cannabis 2X Leveraged ETN
Another cannabis-focused ETF, MJO made it to the list after Republican Representative Nancy Mace raised a bill to possibly legalize weed.
5. GDXU – MicroSectors Gold Miners 3X Leveraged ETN
GDXU is a leveraged equity fund that provides 3x exposure to an index comprised of two of the largest gold miners’ ETFs, viz VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), that invest in the global gold mining industry. GDXU returned ~19% in the last week as investors seek a safe haven against higher inflationary trends.
6. YINN – Direxion Daily FTSE China Bull 3X Shares
YINN seeks daily investment results of 300% of the performance of the FTSE China 50 Index. It provides leveraged exposure to the Chinese large-cap sector and was one of the top levered ETFs this week supported by investor optimism around massive Singles’ Day, China’s largest annual shopping fest.
7. JNUG – Direxion Daily Junior Gold Miners Index Bull 2x Shares
JNUG seeks daily investment results of 200% of the performance of the MVIS Global Junior Gold Miners Index. The index tracks the performance of foreign and domestic companies engaging in gold and silver mining. JNUG featured on the top-performing levered/ inverse ETFs list this week driven by rising inflation concerns across the globe.
8. NUGT – Direxion Daily Gold Miners Index Bull 2x Shares
Another gold ETF, NUGT that seeks daily investment results of 200% of the performance of the NYSE Arca Gold Miners Index, ranked among the top levered ETFs this week. The ETF gained more than 12% in the last week.
9. LABD – Direxion Daily S&P Biotech Bear 3x Shares
The biotech fund, LABD gained by more than 11% last week. The fund offers inverse exposure to the US Biotechnology sector. The S&P 500 biotechnology index registered a fall of ~0.20% in the last week. The biotech-related ETFs having exposure to some of Pfizer’s biggest competitors, got a beating after the company announced its new pill proven to be highly effective against severe cases of coronavirus.
10. XPP – ProShares Ultra FTSE China 50
Another China-focused ETF, XPP that offers 2x daily long leverage to the FTSE/Xinhua China 25 Index ranked among the top levered ETFs this week. The ETF gained more than 10% in the last week driven by positive consumer sentiment around strong Singles’ Day.