Top Performing Leveraged/Inverse ETFs: 05/03/2026

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. GGLL – Direxion Daily GOOGL Bull 2X ETF

GGLL, which provides 2x leveraged exposure to the daily price movement for shares of Google stock, topped the levered ETFs list due to a blowout Q1 2026 earnings report. Investors were thrilled by strong AI integration and robust search.

2. GOOX – T-Rex 2X Long Alphabet Daily Target ETF

GOOX, which aims to provide 2x leveraged exposure to the daily price movement of Alphabet Inc. stock, was another leveraged ETF on the list driven by Alphabet’s strong earnings report.

3. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs

GDXD, which aims to provide 300% daily inverse exposure to a market-cap weighted index comprising two gold miners ETFs, featured on the list. Gold prices fell last week due to a combination of a stronger US dollar, surging oil prices fueling inflation fears, and profit-taking by investors. Elevated oil prices increased expectations of higher interest rates for longer, reducing the appeal of non-yielding gold.

4. DUST – Direxion Daily Gold Miners Index Bear 2x ETF

DUST, which provides inverse levered exposure to Global Gold Miners, was another top inverse ETF returning ~16% last week.

5. 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., was present on the levered ETFs’ list last week with ~15.5% returns. IonQ shares surged last week, driven by a major contract win from DARPA for quantum networking and capitalizing on its position in the emerging quantum computing sector.

6. KORU – Direxion Daily MSCI South Korea Bull 3X ETF

KORU provides 300% daily leveraged exposure to an index of large- and mid-cap South Korean companies, also made it to the list of top performing leveraged ETFs last week with over ~14% returns. South Korean stocks surged, powered by a rally in chipmakers. This growth was driven by intense AI optimism following strong U.S. earnings and upbeat economic data.

7. NRGU – MicroSectors U.S. Big Oil 3 Leveraged ETN

NRGU, which tracks three times the performance of an index of US Oil & Gas companies, also featured on the levered weekly list, returning ~14%. Oil prices increased last week due to severe supply fears driven by escalating conflict in the Persian Gulf, where a blockade of the Strait of Hormuz raised risks of significant global supply disruptions.

8. JDST – Direxion Daily Junior Gold Miners Index Bear 2X ETF

Direxion Daily Junior Gold Miners Index Bear 2X Shares or JDST, which seeks daily investment results of 200% of the inverse of the performance of the MVIS Global Junior Gold Miners Index, was another gold-focused top-performing inverse ETF, returning ~14% in the last week.

9. 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, featured on the list with over ~13% weekly return. The cannabis industry saw a significant boost last week, following the U.S. Department of Justice’s move to reclassify marijuana as a Schedule III drug.

10. WTIU – MicroSectors Energy 3X Leveraged ETNs

WTIU, an exchange-traded note that tracks 3x of the daily price movements of an index of US-listed energy and oil companies, ranked among the top-performing leveraged contenders last week. Oil prices surged as a blockade of the Strait of Hormuz sparked severe supply fears.

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