Top Performing Leveraged/Inverse ETFs: 09/21/2025

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. OKLL – Defiance Daily Target 2x Long OKLO ETF

OKLL seeks to deliver 2x leveraged exposure to the daily share price movement of Oklo Inc. Class A (NYSE: OKLO) and topped the list with 147% weekly gains. Oklo’s stock has experienced a significant rally, largely attributed to two key factors: rising energy needs for AI data centers and a newly secured contract with the U.S. Air Force.

2. IONX – Defiance Daily Target 2X Long IONQ ETF

The Defiance Daily Target 2X Long IONQ ETF, which seeks daily leveraged investment results of two times the daily percentage change in the share price of IonQ Inc., ranked second on the levered ETFs last week with ~58% weekly returns. IonQ’s shares are rising due to a new partnership with the U.S. Energy Department and Honeywell to develop quantum technologies for space. This deal solidifies IonQ’s position as the only U.S. company offering a complete, “full-stack” quantum solution, boosting investor confidence.

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 vehicle companies, was another contender on the list of top-performing levered ETFs. The autonomous driving sector is increasing, driven by technological advancements in AI and sensors, government support for innovation, and a growing market for autonomous vehicles. Also, Tesla’s stock rose because CEO Elon Musk purchased Tesla shares, a move investors interpret as a strong vote of confidence in the company’s strategic direction.

4. RIOX – Defiance Daily Target 2X Long RIOT ETF

RIOX aims to provide 2x long daily price performance of Riot Platforms, Inc., focusing on cryptocurrencies and cryptocurrency mining computers, ranked fourth on the list with over 19% weekly gains. The stock surge is due to strong Q2 2025 financial results and growing investor confidence in the company’s strategic position within the crypto industry.

5. HOOX – Defiance Daily Target 2X Long HOOD ETF

The 2x leveraged ETF HOOX gained over 16% because its underlying stock, Robinhood (HOOD), is expected to benefit from lower interest rates. This macroeconomic shift is anticipated to increase trading activity among retail investors, which directly boosts Robinhood’s revenue and platform growth.

6. TARK – AXS 2X Innovation ETF Fund

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 ~16% weekly gains as technological and innovation-focused companies have seen significant growth recently.

7. TSLL – Direxion Daily TSLA Bull 2X Shares

TSLL, which provides 2x leveraged exposure to the daily price movement for shares of Tesla stock, featured on the list of top-performing levered ETFs with ~15% returns in the last week. Tesla stock gained due to a combination of broad market optimism, fueled by an anticipated Federal Reserve rate cut, and positive company-specific developments.

8. SOXL – Direxion Daily Semiconductor Bull 3x Shares

SOXL, which offers 3x daily long leverage to the PHLX Semiconductor Index, was another contender on the list with over ~12% returns last week. Semiconductor funds are rising due to a surge in global chip sales, which are primarily driven by strong demand for AI and high-performance computing. The sector also got a boost from Nvidia’s OpenAI deal.

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

The BULZ ETF was one of the best-performing levered ETFs with around ~12% returns. The ETF focuses on top technology companies domiciled in the U.S. The tech sector surged last week, powered by significant, positive news from industry leaders. Key drivers included Nvidia’s massive planned investment in OpenAI, Oracle’s confirmed role in the TikTok US deal, and renewed investor optimism about Tesla’s future products and self-driving technology.

10. GGLL – Direxion Daily GOOGL Bull 2X Shares

GGLL provides 2x leveraged exposure to the daily price movement for shares of Google stock, featured last on the list with over 11% weekly gains. Alphabet’s stock surged due to a favorable court ruling that prevents the forced sale of its Chrome browser, combined with investor optimism about the integration of AI tools into its core ad and cloud businesses.

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