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  1. Leveraged & Inverse ETF Channel
  2. Top Performing Leveraged/Inverse ETFs: 10/16/2022
Leveraged & Inverse ETF Channel
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Top Performing Leveraged/Inverse ETFs: 10/16/2022

Sneha ShahOct 19, 2022
2022-10-19

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
(YANG A-)Direxion Daily FTSE China Bear 3X Shares28.83%
(SOXS B)Direxion Daily Semiconductor Bear 3x Shares26.64%
(GDXD )MicroSectors Gold Miners -3X Inverse Leveraged ETNs22.69%
(ZSL A-)ProShares UltraShort Silver21.29%
(WEBS B-)Direxion Daily Dow Jones Internet Bear 3X Shares19.00%
(FXP B+)ProShares UltraShort FTSE China 5018.29%
(PYPS )AXS 1.5X PYPL Bear Daily ETF17.55%
(HIBS B-)Direxion Daily S&P 500 High Beta Bear 3X Shares17.30%
(FNGD B-)MicroSectors FANG+™ Index -3X Inverse Leveraged ETN16.75%
(JDST A)Direxion Daily Junior Gold Miners Index Bear 2X Shares16.49%

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

YANG, which offers 3x daily short leverage to the FTSE China 50 Index, topped the list of levered/ inverse ETFs returning more than ~28% last week on China’s new stay-at-home orders and as the U.S. imposed new chip export rules on China.

2. 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 last week. The semiconductor sector fell as the U.S. imposed new chip export controls on China, including a measure to exclude China from using semiconductor chips made anywhere in the world with US equipment.

3. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs

GDXD, which offers inverse levered exposure to Global Gold Miners, was one of the top inverse ETFs gaining ~23% last week. Gold prices inched lower on a stronger US dollar and worries about sharp rate hikes.

4. ZSL – ProShares UltraShort Silver

ProShares UltraShort Silver, ZSL offers -2x daily leverage to silver prices, was one of the best performing inverse ETFs last week as silver prices fell on the rising U.S. dollar.

5. WEBS – Direxion Daily Dow Jones Internet Bear 3X Shares

The WEBS ETF that tracks companies with a solid internet focus was on the top-performing levered/ inverse ETFs list last week on expected rate hikes and fears of the U.S. going into a recession.

6. FXP – ProShares UltraShort FTSE China 50

This ETF which offers inverse exposure to China’s large cap stocks, gained more than 18% last week as China market suffered from the latest stay-at-home orders under its zero-Covid policy.

7. PYPS – AXS 1.5X PYPL Bear Daily ETF

PYPS provides inverse exposure to the daily price movement for shares of PayPal stock. The stock got a beating over its updated Acceptable Use Policy.

8. HIBS – Direxion Daily S&P 500 High Beta Bear 3X Shares

HIBS, which provides inverse exposure to the U.S. large-cap stocks, was present on the top-performing levered/ inverse ETFs list this week. Inverse ETFs gained as investors brace for another sharp interest rate hike on strong U.S. employment data.

9. FNGD – MicroSectors FANG+™ Index -3X Inverse Leveraged ETN

FNGD ETF, which provides inverse exposure to the US big tech equity, was one of the candidates on the list last week. Technology stocks got a beating as the tech giant Apple announced production cuts.

10. JDST – Direxion Daily Junior Gold Miners Index Bear 2X Shares

Direxion Daily Junior Gold Miners Index Bear 2X Shares or JDST, which seeks daily investment results of 200% of the inverse of the performance of the MVIS Global Junior Gold Miners Index, was another top-performing inverse ETF, returning ~16% in the last week. Prices of precious metals fell on the rising U.S. dollar.

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


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