Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 05/25/2025

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. IONX – Defiance Daily Target 2X Long IONQ ETF The Defiance Daily Target 2X Long IONQ ETF seeks daily leveraged investment results of two times the daily percentage change in the share price of IonQ Inc., topping the list this week. The company, which provides quantum systems through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access, saw a gain of over 30% last week. 2. GDXU – MicroSectors Gold Miners 3X Leveraged ETN GDXU, a leveraged equity fund, yielded approximately 29% return last week and ranked second on the leveraged ETFs list, driven by growing demand for safe-haven assets. This fund provides 3x exposure to an index of the two largest gold miners’ ETFs, VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), which invest in the global gold mining industry. 3. UVIX – 2x Long VIX Futures ETF UVIX, which offers daily 2x leveraged exposure to short-term VIX futures, is featured on the list of leveraged ETFs. Rising concerns over the U.S. fiscal deficit, a credit rating downgrade, and surging national debt fueled increased market volatility, weighing on Wall Street. Trump’s trade tensions with the EU and Apple further exacerbated the unease. However, this increased volatility was juxtaposed with a backdrop of steady macroeconomic growth. VIX, the CBOE Volatility Index, has risen to ~18.9 from ~18.4 in the prior week, after increasing to 25 mid-week. 4. 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 fourth on the list of top performing leveraged/inverse ETFs last week, returning over ~20%. The MVIS Global Junior Gold Miners Index tracks the performance of foreign and domestic companies involved in gold and silver mining. JNUG and other precious metals funds performed well, as gold prices rose due to ongoing economic uncertainty and market volatility. 5. UVXY – ProShares Ultra VIX Short-Term Futures ETF UVXY, which offers leveraged exposure to an index of short-term VIX futures contracts, was another volatility-focused fund on the top-performing leveraged ETFs’ list last week as volatility increased. 6. NUGT – Direxion Daily Gold Miners Index Bull 2x Shares Another gold ETF, 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 ETF gained more than 18% in the last week. 7. SOXS – Direxion Daily Semiconductor Bear 3x Shares The SOXS ETF inversely tracks the PHLX Semiconductor Index, was ranked among the leveraged/ inverse ETFs with ~16% returns last week. Semiconductor stocks experienced a downturn as Wall Street analysts lowered their earnings estimates for Nvidia (NVDA) in the lead-up to its fiscal first-quarter results. This adjustment largely stemmed from the anticipated financial impact of tightened U.S. trade restrictions on chip exports to China, which were expected to affect Nvidia’s revenue. The semiconductor sector lost ~0.15% in the last five days. 8. SHNY – MicroSectors Gold 3X Leveraged ETNs SHNY, an ETF offering 2x leveraged exposure to global silver mining companies, also made the list with weekly gains of approximately 16%, driven by increasing safe-haven demand. 9.FLYD – MicroSectors Travel -3x Inverse Leveraged ETN FLYD, which tracks -3x the daily price movements of an index of US-listed travel-related companies, was another contender on the list of inverse ETFs with ~15.5% returns, due to soft US travel demand amid the Trump administration’s new tariffs and policies. 10. NRGD – MicroSectors U.S. Big Oil Index -3 Inverse Leveraged ETN NRGD ETF, which provides inverse exposure to the performance of U.S. oil, gas, and consumable fuels, was one of the contenders on the list of top performing levered/ inverse ETFs, gaining nearly 15%. Oil prices are falling due to an unexpected rise in U.S. oil inventories. Geopolitical tensions, specifically potential strikes on Iranian nuclear facilities and ongoing U.S.-Iran talks, are adding to market volatility. Energy was the worst-performing sector, with oil, gas, and consumable fuels losing ~2% in the last five days. 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.