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|
|(BOIL )||ProShares Ultra Bloomberg Natural Gas||30.31%|
|(EVAV )||Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares||27.02%|
|(NVDL )||GraniteShares 1.5x Long NVDA Daily ETF||15.46%|
|(TPOR )||Direxion Daily Transportation Bull 3X Shares||14.16%|
|(BULZ )||MicroSectors Solactive FANG & Innovation 3X Leveraged ETN||14.10%|
|(BABX )||GraniteShares 1.75x Long BABA Daily ETF||13.07%|
|(TECL )||Direxion Daily Technology Bull 3X Shares||12.99%|
|(SOXL )||Direxion Daily Semiconductor Bull 3x Shares||12.68%|
|(FLYU )||MicroSectors Travel 3x Leveraged ETN||12.63%|
|(USD )||ProShares Ultra Semiconductors||12.40%|
1. BOIL – ProShares Ultra Bloomberg Natural Gas
BOIL, the natural gas ETF topped the list of top performing levered ETFs and gained more than 30% in the last week. Natural gas prices rose on supply concerns and hot weather conditions.
2. EVAV – Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
EVAV, which tracks 2x the daily price movements of an index of US-listed electric and autonomous vehicles companies, was one of the top-performing levered ETFs as EVs become increasingly mainstream and manufacturers ramp up production. Global sales of passenger electric vehicles increased in the first quarter.
3. NVDL – GraniteShares 1.5x Long NVDA Daily ETF
NVDL, which provides 1.5x leveraged exposure to the daily price movement for shares of NVIDIA stock, featured on the list with 15%+ returns last week on strong momentum in the AI space and rising demand for chips.
4. TPOR – Direxion Daily Transportation Bull 3X Shares
The TPOR ETF, which tracks the performance of companies involved in road, rail, air travel, marine transport, air freight, and logistics, returned ~14% in the last week. Airlines, road and rail, as well as air freight and logistics, increased by ~5%, ~1.8%, and ~3%, respectively, over the last five days.
5. BULZ – MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
The BULZ ETF was one of the best-performing levered ETFs with over ~14% returns. The ETF focuses on top technology companies domiciled in the U.S. The technology sector gained after the Fed paused rising rates. I.T. was the second best-performing sector with around 1.8% returns in the last five days.
6. BABX – GraniteShares 1.75x Long BABA Daily ETF
BABX provides 1.75x leveraged exposure to the daily price movement for shares of Alibaba Group Holding Limited stock. The stock gained on China stimulus news after the country’s central bank lowered another interest rate to support growth.
7. TECL – Direxion Daily Technology Bull 3X Shares
The TECL ETF was another technology-focused ETF on the list of top performing levered ETFs returning nearly 13% as the technology sector gained by ~1.8% and was the second-best-performing sector last week.
8. SOXL – Direxion Daily Semiconductor Bull 3x Shares
SOXL, which offers 3x daily long leverage to the PHLX Semiconductor Index, featured on the list of the top performing levered/ inverse ETFs last week. The overall semiconductor segment increased by over 3.5% after the pausing of interest rate hikes by the Fed.
9. FLYU – MicroSectors Travel 3x Leveraged ETN
FLYU tracks 3x of the daily price movements of an index of US-listed travel-related companies and made it to the list as the travel industry finally emerged from the pandemic rut. Travel demand and air travel both increased on a year-on-year basis.
10. USD – ProShares Ultra Semiconductors
USD, which provides leveraged exposure to the U.S. Semiconductors stocks, also featured on this week’s list with over 12% weekly gains.
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