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 |
|---|---|---|
| (MSOX ) | AdvisorShares MSOS 2x Daily ETF | 12.77% |
| (YINN ) | Direxion Daily FTSE China Bull 3X Shares | 12.16% |
| (CWEB ) | Direxion Daily CSI China Internet Index Bull 2x Shares | 9.39% |
| (XPP ) | ProShares Ultra FTSE China 50 | 8.14% |
| (KORU ) | Direxion MSCI Daily South Korea Bull 3X Shares | 6.71% |
| (EDC ) | Direxion Daily MSCI Emerging Markets Bull 3x Shares | 6.70% |
| (SVIX ) | -1x Short VIX Futures ETF | 6.55% |
| (CHAU ) | Direxion Daily CSI 300 China A Share Bull 2x Shares | 6.23% |
| (GDXD ) | MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 5.73% |
| (SCO ) | ProShares UltraShort Bloomberg Crude Oil | 5.19% |
1. MSOX – AdvisorShares MSOS 2x Daily ETF
MSOX, which seeks to achieve 2x the total daily return of the AdvisorShares Pure US Cannabis ETF (MSOS) through swap agreements, topped the list with a ~12.7% weekly return, on widespread support for federal legalization and acceptance.
2. YINN – Direxion Daily FTSE China Bull 3X Shares
YINN seeks daily investment results of 300% of the performance of the FTSE China 50 Index featured on the list, returning 12%+ in the last week on higher factory activity, the rise of tech companies in China, and the government’s measures to boost the slowing economy.
3. CWEB – Direxion Daily CSI China Internet Index Bull 2x Shares
The Direxion Daily CSI China Internet Index Bull 2x Shares seeks daily investment results of 200% of the performance of the CSI Overseas China Internet Index also made it on the list with over ~9% returns last week.
4. XPP – ProShares Ultra FTSE China 50
Another China-focused ETF, XPP, offers 2x daily long leverage to the FTSE/Xinhua China 25 Index, ranked among the top leveraged ETFs. The ETF gained more than 8% in the last week.
5. KORU – Direxion MSCI Daily South Korea Bull 3X Shares
KORU provides 300% daily leveraged exposure to an index of large- and mid-cap South Korean companies, featured on the list of top performing leveraged ETFs last week, supported by higher December exports and November factory output.
6. EDC – Direxion Daily MSCI Emerging Markets Bull 3x Shares
EDC, which offers 3x daily long leverage to the broad-based MSCI Emerging Markets Index, was one of the best-performing ETFs in the last week on expectations of a falling U.S. dollar as interest rate hikes slow down.
7. SVIX – -1x Short VIX Futures ETF
SVIX, which tracks an index that provides daily inverse exposure to a portfolio comprising first- and second-month VIX futures positions with a weighted average maturity of one month, made it to the list with over 6.5% weekly gains after the lull of the holiday period.
8. CHAU – Direxion Daily CSI 300 China A Share Bull 2x Shares
The CHAU ETF, which seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI 300 Index, comprising the largest and most liquid stocks in the Chinese A-share market, also made it to the list, with ~6% weekly gains.
9. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs
GDXD, which offers inverse leveraged exposure to Global Gold Miners, was the top performing levered/ inverse ETF, returning ~5.7% last week. Gold prices fell on a firmer dollar and U.S. Treasury yields.
10. SCO – ProShares UltraShort Bloomberg Crude Oil
SCO which offers 2x daily short leverage to the broad-based Dow Jones-UBS Crude Oil Sub-Index made it to the list with ~5% weekly gains as prices declined on record US production and easing Red Sea shipping disruptions.
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