Top Performing Leveraged/Inverse ETFs: 09/20/2020

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.

Like their non-geared siblings, biotechnology and healthcare topped this week’s returns chart. The big winner by a mile was the Direxion Daily S&P Biotech Bull 3x Shares (LABU C+) with almost 36% gains this past week, unfortunately investors weren’t as keyed in and pulled $116 million from the fund. Almost of this week’s top performers were in the energy sector, mostly in oil, but a notable exception was the ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B (LMLB ). This ETN is an interesting take on MLPs as it specifically excludes energy. This week’s upswing in returns is particularly notable as LMLB is down over 70% YTD.

The Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG B+) has struggled this year as well, it’s down over 80% YTD, but is up almost $200 million in new assets. However investors seem to be off on their timing in the fund, while it has been up 8% this week they pulled $47 million from JNUG. Just goes to sow that timing is everything.