Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 02/01/2026

BY | ETF Database
7:28 am ET 02/03/26 | 32 VIEWS
Top Performing Levered/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. BOIL – ProShares Ultra Bloomberg Natural Gas BOIL, the natural gas ETF, topped the top-performing leveraged ETFs list and gained more than 43% in the last week. Energy prices surged to multi-year highs as updated forecasts predicted an intense cold snap across the U.S. This shift triggered a massive spike in projected heating demand, tightening supplies and sending the market into a rally. 2. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs GDXD is a note that provides 300% daily inverse leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs. Gold prices plunged after President Trump nominated Kevin Warsh as the next Fed Chair, a move that signaled a more hawkish stance on inflation than markets expected. This nomination sparked a sharp rally in the U.S. Dollar, triggering widespread forced selling and profit-taking on precious metals. 3. JDST – Direxion Daily Junior Gold Miners Index Bear 2X Shares 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 over 28% in the last week. 4. DUST – Direxion Daily Gold Miners Index Bear 2x Shares DUST, which provides inverse levered exposure to Global Gold Miners, was another top inverse ETF returning ~22% last week amid a strong dollar. 5. DZZ – Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts) The DZZ ETF also featured on the Top Performing Inverse ETFs’ list with ~19.6% returns. Gold prices fell as a stronger US dollar amid a shift toward a hawkish inflation-fighting stance. 6. ETHD – ProShares UltraShort Ether ETF ETHD, which tracks -2x the daily price movements of an index that measures the price of Ethereum ETF was one of the contenders on the ETFs’ list with over 17% weekly gains. Crypto prices tumbled as a U.S. government shutdown fueled market uncertainty, amid a massive $1 billion liquidation of leveraged positions. 7. FBL – GraniteShares 2x Long Meta Daily ETF FBL provides 2x leveraged exposure to the daily price movement for shares of Meta Platforms and was one of the top leveraged ETFs with ~16.8% gains in the last week. Meta shares jumped following a Q4 revenue beat, proving that its AI investments are driving higher ad prices and engagement. Investors were cheered by guidance for record growth and rising operating income. 8. SBIT – ProShares UltraShort Bitcoin ETF SBIT, which tracks -2x the daily price movements of an index that measures the price of Bitcoin, featured on the list with a weekly gain of ~13%. Bitcoin’s price declined as a risk-off mood swept markets following a U.S. government shutdown and the nomination of hawkish Fed Chair candidate Kevin Warsh. 9. UCO – ProShares Ultra Bloomberg Crude Oil UCO, which offers 2x daily leverage to an index that consists of crude oil futures contracts, was another oil-focused best-performing fund on the list with ~12% weekly gains, amid US-Iran tensions. 10. 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, also made the list with over 10% weekly gains. For more news, information, and analysis, visit the Leveraged & Inverse Content Hub.

More Commentary

With Small-Caps Rallying, Consider This Income-Rich ETF
BY | ETF Database
02/02/2026 | 179 VIEWS
Biotech M&A Wave Positions SBIO for Growth
BY | ETF Database
01/29/2026 | 166 VIEWS
Top Performing Leveraged/Inverse ETFs: 01/25/2026
BY | ETF Database
01/29/2026 | 389 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

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.