Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 03/23/2025

Top Performing Leveraged/Inverse ETFs Last WeekThese 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. INDL – Direxion Daily MSCI India Bull 2X Shares INDL ETF provides 2x daily long leverage on the Indus India Index, and amplifies potential gains for investors anticipating short-term growth in Indian stocks. This ETF topped the leveraged ETFs list with ~10.7% weekly gains as robust domestic economic fundamentals, coupled with attractive valuations, spurred a reversal of FII sentiment, driving them to the Indian market. Also, anticipated GDP growth in India is projected to drive improved Q4 results in 2025. 2. 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 second on the top-performing leveraged ETFs list last week. Concerns about tighter supply, driven by new US sanctions on Iran and OPEC+’s latest output strategy, pushed oil prices higher. 3. TARK – AXS 2X Innovation ETF 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 ~9% weekly gains as investors’ positive response to reports of less extensive upcoming tariffs propelled growth stocks higher. 4. NRGU – MicroSectors U.S. Big Oil Index 3X Leveraged ETN NRGU, which tracks three times the performance of an index of US oil and gas companies, featured on the weekly list of top-performing leveraged/ inverse ETFs returning over 9% as oil gained due to concerns about US sanctions and tighter supply conditions. 5. OILU – MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN OILU, which provides 3x daily leveraged exposure to a tier-weighted index of US firms involved in oil and gas exploration and production, was another energy-focused ETF that made the list with ~9% weekly gains. 6. YANG – Direxion Daily FTSE China Bear 3X Shares YANG offers 3x daily short leverage to the FTSE China 50 Index and is featured on the list of levered/ inverse ETFs returning over 8% last week. The Chinese market fell as its logistics companies are facing increasing challenges, with weak cargo demand driving down container prices and leasing rates. High tariffs on steel and aluminum, imposed by Donald Trump, also went into effect last week. 7. BNKU – MicroSectors U.S. Big Banks 3 Leveraged ETNs BNKU, which tracks 3x the performance of an equal-weighted index of US large banks, was one of the top-performing levered ETFs as the Financials sector gained by over 3%. The Federal Reserve kept the interest rate stable, which can be favorable for banks’ net interest margins. Fed Chair Jerome Powell’s reassurance about the manageable impact of the trade war and low recession risks further boosted investor confidence. The Commercial Banking segment gained more than 5% in the last five days. 8. CARU – MAX Auto Industry 3X Leveraged ETN CARU is an ETN that tracks 3x of the daily price movements of an index consisting of auto industry companies listed in the U.S. The ETN got a boost with ~7.6% weekly returns as the temporary exemption for U.S. automakers from the 25% tariffs on Mexican and Canadian imports expires on April 2nd, potentially increasing vehicle and auto part costs. 9. KOLD – ProShares UltraShort Bloomberg Natural Gas KOLD, which offers 2x daily inverse leveraged exposure to natural gas, topped the list of top performing levered/ inverse ETFs, returning over 7% last week. U.S. natural gas prices declined due to a larger-than-expected increase in inventories, combined with forecasts for milder weather and reduced demand next week. 10. FLYU – MicroSectors Travel 3x Leveraged ETN FLYU tracks 3x of the daily price movements of an index of US-listed travel-related companies and was a contender on the list of leveraged ETFs last week. Stocks rallied after the Fed’s decision last week to maintain its plan for two more rate cuts this year. Fed Chair Jerome Powell also eased investor concerns by stating that the economic impact of the trade war appeared manageable and recession risks were low. For more news, information, and analysis, visit the Leveraged & Inverse Channel.

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.