Top Performing Leveraged/Inverse ETFs: 01/29/2023

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. 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, topped the list of top-performing levered ETFs with ~52% returns in the last week. Shares of Tesla got a boost from better-than-expected fourth-quarter results and upbeat FY23 production guidance.

2. 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 ~42% returns last week.

3. 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, ranked third on the list of top-performing levered ETFs as electric vehicle stocks got a boost driven by record Q4 Tesla earnings and better economic growth. EVs are now going mainstream, and manufacturers are ramping up production.

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

FNGU is featured on the list of top-performing levered ETFs with over ~28% 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 got a boost driven by hopes of a smaller interest rate hike and the upcoming Fed meeting.

5. BULZ – MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

The BULZ ETF was one of the best performing levered ETFs with over ~23% returns. The ETF focuses on top technology companies domiciled in the U.S. The technology sector gained on the back of the cooling inflation report and a dovish Fed stance.

6. 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), also featured on the list of best performing levered ETFs with ~21% weekly gains as growth and beta stocks moved higher on expectations of a slower pace of rate hikes.

7. WANT – Direxion Daily Consumer Discretionary Bull 3X Shares

The consumer discretionary WANT ETF that provides 3x leveraged exposure to the U.S. consumer discretionary sector featured on the list of top-performing levered funds last week on positive consumer sentiment from falling inflation and lower rate predictions. Consumer discretionary was the top performing sector last week with ~2.9% gains.

8. FNGG – Direxion Daily Select Large Caps & FANGs Bull 2X Shares

Another tech-focused ETF, FNGG, which provides 2x the daily price movements of an equal-weighted index consisting of FANG and other growth as well as technology stocks, was present on the list with ~18% weekly returns.

9. FNGO – MicroSectors FANG+ Index 2X Leveraged ETNs

FNGO providing 2x the daily price movements of an index of US-listed technology and consumer discretionary companies, was one of the top-performing leveraged funds returning ~18% last week, as both consumer discretionary and technology were the top performing sectors.

10. 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 after the indication of a slower pace of interest rate hikes by the Fed as well as the reopening of the Chinese economy.

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