Top Performing Leveraged/Inverse ETFs: 12/08/2024

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.

1. CONL – GraniteShares 1.5x Long Coinbase Daily ETF

CONL ETF which provides 1.5x leveraged exposure to the daily price movement for shares of Coinbase stock topped the list with nearly ~33% weekly returns. Cryptocurrencies experienced a price increase after Donald Trump’s reelection, likely due to expectations of a less restrictive regulatory environment under his leadership.

2. TSLL – Direxion Daily TSLA Bull 1.5X Shares ETF

TSLL which provides 1.5x leveraged exposure to the daily price movement for shares of Tesla stock featured second on the list of top-performing levered ETFs with ~26% returns in the last week. Tesla (TSLA) stock has experienced a significant price increase following Donald Trump’s election, as investors grow optimistic about the potential for self-driving technology and a less restrictive regulatory framework.

3. ETHU – 2x Ether ETF

ETHU ETF which aims to provide 2x the daily price movements of Ether ranked third on the leveraged ETFs’ list with ~25% weekly gains. The crypto market has seen a significant boom following Donald Trump’s presidential election win, with Ethereum and other digital assets also experiencing positive momentum.

4. ETHT – ProShares Ultra Ether ETF

ETHT which tracks 2x the daily price movements of an index that measures the price of Ether was one of the contenders on the list. Ether price hit a high, driven by positive regulatory expectations under the new Trump administration and strong inflows into Ether ETFs.

5. AMZU – Direxion Daily AMZN Bull 1.5X Shares ETF

AMZU which provides 1.5x leveraged exposure to the daily price movement for shares of Amazon stock was one of the levered ETFs on last week’s list driven by Amazon’s strong third-quarter results. The strong 19% quarter-over-quarter growth in AWS cloud computing, driven by robust AI infrastructure demand, was a key highlight. Amazon also stands to benefit from increased consumer spending.

6. FNGU – MicroSectors FANG+™ Index 3X Leveraged ETN

FNGU featured on the list of top-performing levered ETFs with over 17% weekly returns. FNGU offers exposure to five core technology companies – Facebook, Amazon, Apple, Netflix, and Alphabet Inc., as well as five other technology growth stocks, including Alibaba, Baidu, NVIDIA, Tesla, and Twitter. Technology stocks led the broad US stocks’ rally supported by Federal Reserve Chair Jerome Powell’s comments on the strength of the US economy.

7. FBL – GraniteShares 1.5x Long Meta Daily ETF

FBL provides 1.5x leveraged exposure to the daily price movement for shares of Meta Platforms and was one of the top leveraged ETFs with ~17% gains in the last week. The tech stocks gained driven by AI and retail optimism.

8. TARK – AXS 2X Innovation ETF

TARK is an actively managed fund-of-fund that seeks to achieve 2x the return, for a single day, of the ARK Innovation ETF (ARKK) and is one of the best-performing levered ETFs with ~17% weekly gains as growth and beta stocks moved higher on rate cut hopes after robust monthly jobs data.

9. WEBL – Direxion Daily Dow Jones Internet Bull 3X Shares

WEBL providing 3x leveraged daily exposure to an index of the largest U.S. internet companies was present on the list with ~16.7% returns in the last week as internet stocks got a boost from strong performance in the technology sector.

10. TSL – GraniteShares 1.25x Long Tesla Daily ETF

TSL which provides 1.25x leveraged exposure to the daily share price movement of Tesla stock was another Tesla-focused fund on the list of top-performing levered ETFs giving ~16% returns last week.

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