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|
|(CWEB )||Direxion Daily CSI China Internet Index Bull 2x Shares||10.51%|
|(UCO )||ProShares Ultra Bloomberg Crude Oil||8.86%|
|(YINN )||Direxion Daily FTSE China Bull 3X Shares||8.73%|
|(TMV )||Direxion Daily 20+ Year Treasury Bear 3x Shares||7.34%|
|(TTT )||ProShares UltraPro Short 20+ Year Treasury||7.15%|
|(CHAU )||Direxion Daily CSI 300 China A Share Bull 2x Shares||6.59%|
|(XPP )||ProShares Ultra FTSE China 50||6.39%|
|(DRV )||Direxion Daily Real Estate Bear 3X Shares||6.16%|
|(RXD )||ProShares UltraShort Health Care||6.03%|
|(YCS )||ProShares UltraShort Yen||5.94%|
1. 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 10.5% last week, and topped the list of top performing levered ETFs after China concluded its regulatory probe into Didi Global, releasing some regulatory pressure from its internet sector.
2. UCO – ProShares Ultra Bloomberg Crude Oil
ProShares Ultra Bloomberg Crude Oil was one of the levered ETFs returning more than 8% last week, as oil prices gained following the EU’s announcement to ban Russian crude imports and as China eased COVID-imposed restrictions in the country.
3. 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 last week as Beijing eased COVID-19 restrictions thereby boosting investor confidence.
4. TMV – Direxion Daily 20+ Year Treasury Bear 3x Shares
TMV which offers 3x short leveraged exposure to the NYSE 20 Year Plus Treasury Bond Index, made it to the list as the 20-year Treasury bond yield increased to 3.43 from 3.27, a week earlier.
5. TTT – ProShares UltraPro Short 20+ Year Treasury
ProShares UltraPro Short 20+ Year Treasury also made it to the list of top-performing inverse ETFs as Treasury yield continued to rise.
6. CHAU – Direxion Daily CSI 300 China A Share Bull 2x Shares
The CHAU ETF which seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI 300 Index, comprising the largest and most liquid stocks in the Chinese A-share market also made it to the list.
7. 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 6% in the last week driven by positive investor sentiment after COVID-related restrictions were eased in the country.
8. DRV – Direxion Daily Real Estate Bear 3X Shares
The DRV ETF, which offers -3x daily leverage to an index comprised of U.S. REITs, was one of the top-performing inverse ETFs returning more than 6% last week. The overall real estate sector fell by ~2.5% amid rising rates and on a surge of newly-built properties.
9. RXD – ProShares UltraShort Health Care
Proshares UltraShort Health Care ETF, RXD was one of the candidates on the top performing inverse ETFs list. Healthcare was the worst performing sector, losing over 3% in the last week. Hospitals suffered from higher expenses and lower patient volumes amid a rising inflation scenario.
10. YCS – ProShares UltraShort Yen
The YCS ETF is for those seeking to gain from a weak Japanese yen relative to the U.S. dollar. The Yen was at its multi-year lows on expectations of the Bank of Japan to maintain its low-interest rate policy stance.
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