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  1. Leveraged & Inverse ETF Channel
  2. Top Performing Leveraged/Inverse ETFs: 05/29/2022
Leveraged & Inverse ETF Channel
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Top Performing Leveraged/Inverse ETFs: 05/29/2022

Sneha ShahJun 01, 2022
2022-06-01

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
(GUSH )Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares30.93%
(RETL A)Direxion Daily Retail Bull 3X Shares30.25%
(WANT)Direxion Daily Consumer Discretionary Bull 3X Shares29.32%
(OILU )MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN29.28%
(BNKU)MicroSectors U.S. Big Banks Index 3X Leveraged ETNs29.18%
(NRGU)MicroSectors U.S. Big Oil Index 3X Leveraged ETN26.11%
(FAS A-)Direxion Daily Financial Bull 3X Shares24.90%
(TECL B+)Direxion Daily Technology Bull 3X Shares24.77%
(SOXL B)Direxion Daily Semiconductor Bull 3x Shares24.07%
(DFEN)Direxion Daily Aerospace & Defense Bull 3X Shares23.61%

1. GUSH – Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

GUSH, the oil & gas exploration and production ETF topped the list of top-performing levered ETFs, returning more than 30% last week on tighter market conditions as the EU agrees to ban Russian oil imports. Overall, the energy sector gained ~3.5% last week.

2. RETL – Direxion Daily Retail Bull 3X Shares

RETL offering 2x daily long leverage to the Russell 1000 RGS Retail Index featured second on the list with weekly returns of ~30% on upbeat forecasts from retailers like Macy’s and Dollar General. Internet, multiline, and specialty retail segments gained over ~11%, ~11%, and ~7%, respectively over the last five days.

3. WANT – Direxion Daily Consumer Discretionary Bull 3X Shares

Another consumer discretionary WANT ETF that provides 3x leveraged exposure to the U.S. consumer discretionary sector featured on the list of top-performing levered funds last week. The consumer discretionary sector gained over 9% and was the best performing sector in the last week.

4. 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 was another top-performing leveraged ETFs list returning ~29% last week, as oil gained after the EU’s decision to ban Russian crude imports.

5. BNKU – MicroSectors U.S. Big Banks Index 3X Leveraged ETNs

BNKU which tracks 3x the performance of an equal-weighted index of US Large Bank was present on the list as the financials sector was the third best performing sector gaining by more than 4% in the last week.

6. 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 ~26%. The energy sector gained more than 3.5% in the last five days.

7. FAS – Direxion Daily Financial Bull 3X Shares

FAS ETF, which offers 3x daily long leverage to the Russell 1000 Financial Services Index, was one of the top-performing levered ETFs last week as the financials gained by over 4%.

8. TECL – Direxion Daily Technology Bull 3X Shares

The TECL ETF topped the list of top-performing levered ETFs returning over 24% last week. The overall IT sector gained by more than 4% in the last five days driven by a rally in large-cap technology stocks like Amazon and Alphabet.

9. SOXL – Direxion Daily Semiconductor Bull 3x Shares

SOXL which offers 3x daily long leverage to the PHLX Semiconductor Index was another contender on the top-performing levered/ inverse ETFs list last week. The semiconductor segment gained more than 7% in the last week.

10. DFEN – Direxion Daily Aerospace & Defense Bull 3X Shares

This ETF that aims to triple the daily return of an index of defense industry stocks was one of the top-performing levered ETFs last week as defense stocks gained on the back of rising global geopolitical tensions. The overall aerospace & defense sector gained ~3.5% in the last five days.

For more news, information, and strategy, visit the Leveraged & Inverse Channel.


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