Top Performing Leveraged/Inverse ETFs: 05/10/2026

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. 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, topped the levered ETFs list with 63.5% weekly gains. Riot Platforms (RIOT) shares experienced a significant increase last week, primarily driven by strong Q1 2026 earnings, a pivot towards AI-focused data center revenue, and an expanded partnership with AMD.

2. 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 Computer (SMCI) shares surged last week following its quarterly earnings report in May, driven by a strong recovery in gross margins, a robust AI server outlook, and an optimistic revenue forecast for the current quarter.

3. 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 ~56% returns. South Korean stocks surged, driven by an AI-led explosion in demand for semiconductor memory chips, record export data, and a surge in foreign/retail investments.

4. AMDL – GraniteShares 2x Long AMD Daily ETF

AMDL, which provides 2x leveraged exposure to the daily price movement for shares of Advanced Micro Devices stock, was one of the Levered ETFs’ list, with over 52% weekly gains. AMD shares surged last week, driven by blockbuster first-quarter 2026 earnings, strong AI-focused guidance, and investor enthusiasm for a potential server CPU supercycle beyond just GPUs.

5. 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 35% returns last week. Semiconductor stocks surged last week due to an intensifying AI-driven supercycle that has triggered massive demand for chips, resulting in record-setting rallies.

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

The BULZ ETF was one of the best-performing levered ETFs with over 29% returns. The ETF focuses on top technology companies domiciled in the U.S. Tech stocks surged last week, primarily driven by intense investor enthusiasm for AI, strong Q1 earnings reports, and specific momentum in the chip sector. Major, sustained gains in AI infrastructure leaders, particularly a strong rally in Intel (INTC) following reports of a potential deal with Apple, boosted the NASDAQ.

7. TECL – Direxion Daily Technology Bull 3X ETF

The TECL ETF was another tech-focused fund on the list of top-performing levered ETFs, returning over 26% last week.

8. 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 that invest in the global gold mining industry. GDXU featured on the list with over 25% returns last week. Gold prices climbed last week, driven primarily by intensified safe-haven demand due to U.S.-Iran tensions in the Middle East, a weaker U.S. dollar, and sustained central bank buying. Investors also monitored high-stakes U.S.-China diplomatic talks and anticipated U.S. inflation data to gauge future Federal Reserve interest rate decisions.

9. KBDU – KraneShares 2x Long BIDU Daily ETF

KBDU, which provides 2x leveraged exposure to the daily price movement of Baidu, Inc. Sponsored ADR Class A (NASDAQ: BIDU), was another contender on the levered ETFs list. BAIDU shares gained last week, driven by intense investor optimism regarding its AI business advancements, specifically the potential IPO of its AI chip unit, Kunlunxin, and the rising valuation of its AI ecosystem, which has attracted increased foreign investment.

10. USD – ProShares Ultra Semiconductors

ProShares Ultra Semiconductors (USD), which provides leveraged exposure to U.S. Semiconductor stocks, gained ~22% last week. Semiconductor stocks hit record highs last week as an intensifying AI supercycle ignited a massive surge in chip demand.

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