Top Performing Leveraged/Inverse ETFs: 12/14/2025

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. MSOX – AdvisorShares MSOS Daily Leveraged 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 ~94% weekly return. The cannabis industry gained last week on the anticipation of a major policy change. President Trump’s potential executive order to reclassify marijuana as a less dangerous substance sent cannabis shares soaring last week. The order is reportedly expected this week.

2. KOLD – ProShares UltraShort Bloomberg Natural Gas

KOLD, which offers daily inverse leveraged exposure to natural gas, ranked second on the list of top performing levered/ inverse ETFs, returning over 52% last week. U.S. natural gas prices declined on milder winter weather forecasts, reducing immediate heating demand, coupled with near-record high production and ample storage levels.

3. GDXU – MicroSectors Gold Miners 3X Leveraged ETN

GDXU is a leveraged equity fund that provides 3x exposure to an index comprised of two of the largest gold miners’ ETFs, viz VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), that invest in the global gold mining industry. GDXU returned over 17% last week. Gold prices increased, driven by a 0.25% Federal Reserve rate cut last week, upbeat forecasts issued by major banks, and continued robust purchasing by central banks.

4. JNUG – Direxion Daily Junior Gold Miners Index Bull 2x Shares

Another gold-focused ETF, JNUG, which seeks to return 200% of the daily performance of the MVIS Global Junior Gold Miners Index, ranked fourth on the list of top-performing leveraged/inverse ETFs last week, returning ~14%.

5. NUGT – Direxion Daily Gold Miners Index Bull 2x Shares

NUGT seeks daily investment results of 200% of the performance of the NYSE Arca Gold Miners Index, also ranked among the top levered ETFs. The bullish momentum continued, reinforced by optimistic outlooks from major financial institutions and sustained, strong buying activity from central banks globally.

6. DPST – Direxion Daily Regional Banks Bull 3X Shares

DPST, which provides 3x leveraged exposure to an index of US regional banking stocks, was one of the top-performing levered ETFs following the Fed’s quarter-point rate-cut decision this past week, and anticipated moves on expanding the size of its balance sheet.

7. DFEN – Direxion Daily Aerospace & Defense Bull 3X Shares

This ETF aims to triple the daily return of an index of defense industry stocks was one of the top performing levered ETFs last week. The US Aerospace & Defense sector likely rose last week due to strong Q3 earnings from major players like Lockheed Martin and RTX showing robust global defense demand, ongoing recovery in commercial air travel, and positive investor sentiment from proposed large defense budgets for FY2026.

8. AGQ – Proshares Ultra Silver

AGQ ETF, which offers 2x daily long leverage to the Silver bullion, returned ~10%+ last week. Silver prices have surged, spurred by tightening inventories, sustained industrial demand, and its inclusion on the U.S. critical minerals list.

9. PILL – Direxion Daily Pharmaceutical & Medical Bull 3X Shares

The PILL ETF tracks the performance of companies engaged in the research, development, manufacture, sale, or distribution of pharmaceuticals and drugs of all types. The ETF was one of the top-performing levered ETFs, returning over 9% last week, driven by reduced policy uncertainty, accelerating M&A activity, and strong growth potential in innovative therapies such as obesity and diabetes treatments.

10. SOXS – Direxion Daily Semiconductor Bear 3x Shares

The SOXS ETF inversely tracks the PHLX Semiconductor Index featured on the list of levered/ inverse ETFs with ~9%+ returns in the last week, due to growing investor caution and concerns about stretched valuations in AI-linked stocks, sparked by a sharp drop in Broadcom’s stock after margin pressure warnings, leading to broader tech sell-offs.

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