Top Performing Leveraged/Inverse ETFs: 02/22/2026

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. AGQ – Proshares Ultra Silver

AGQ ETF, which offers 2x daily long leverage to the Silver bullion, topped the list, returning ~19% last week. Silver prices are climbing as investors seek refuge from a perfect storm of trade volatility and geopolitical risk. The surge is fueled by a new 15% global tariff proposal from the White House and escalating Middle East tensions, reinforcing silver’s role as a critical hedge against global instability.

2. 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, ranked second on the list of top performing leveraged ETFs last week with over ~17% returns, driven by a decoupling from declining US markets and a massive AI-fueled semiconductor boom, as well as a rally in defense stocks.

3. AMZZ – GraniteShares 2x Long AMZN Daily ETF

AMZZ aims to deliver 2x the price return for a single day of Amazon stock, and ranked third on the list with 11%+ weekly gains. Amazon’s shares gained as investors reassessed the long-term profitability of its AI and cloud divisions.

4. AMZU – Direxion Daily AMZN Bull 2X Shares

AMZU, which provides 2x leveraged exposure to the daily price movement for shares of Amazon stock, was another Amazon-focused fund on last week’s list.

5. SMCX – Defiance Daily Target 2X Long SMCI ETF

SMCX seeks to deliver 2x leveraged exposure to the daily share price movement of Super Micro Computer, featured on the top-performing levered ETFs’ list. Super Micro’s (NASDAQ: SMCI) stock rose last week, buoyed by strong quarterly results and intense demand for AI servers.

6. UCO – ProShares Ultra Bloomberg Crude Oil

UCO, which offers 2x daily leverage to an index that consists of crude oil futures contracts, was another best-performing fund on the list with ~10.6% weekly gains. Oil prices surged last week as escalating U.S.-Iran military tensions and a massive naval deployment drove a sharp risk premium, as well as from the economic uncertainty of a new 15% global tariff proposal.

7. CARD – MAX Auto Industry -3x Inverse Leveraged ETN

CARD, an exchange-traded note that tracks -3x of the daily price movements of an index consisting of US-listed auto companies, was one of the contenders on the list with ~9.5% weekly returns. The U.S. auto industry experienced significant volatility and a downturn recently, driven primarily by intense pressure from new and potential tariff-associated costs, leading to major manufacturers like Ford, GM, and Stellantis facing profit hits and supply chain disruptions. This decline is further exacerbated by high interest rates, slowing consumer demand following a tariff-driven buying surge, and a strategic retreat from electric vehicles.

8. KPDD – KraneShares 2x Long PDD Daily ETF

KPDD provides 2x leveraged exposure to the daily price movement of PDD Holdings Inc. stock (PDD) was another levered ETF on the list last week, primarily driven by a Supreme Court ruling that struck down certain tariffs and continued institutional buying.

9. CONL – GraniteShares 2x Long COIN Daily ETF

CONL ETF, which provides 2x leveraged exposure to the daily price movement for shares of Coinbase stock, was present on the list with over 8% weekly returns. Coinbase (NASDAQ: COIN) stock rose due to a mix of strong 2025 performance data and massive shareholder-friendly moves.

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

JNUG, which seeks to return 200% of the daily performance of the MVIS Global Junior Gold Miners Index, ranked on the list of top-performing leveraged/inverse ETFs last week, returning ~8%. Gold prices surged last week, as investors sought safety following a major legal setback for the White House’s trade agenda. After the Supreme Court struck down earlier levies, the administration’s vow to bypass the ruling with a new 15% global tariff sparked fresh fears of a prolonged trade war, driving a massive pivot into bullion.

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