Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 03/02/2025

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. CARD – MAX Auto Industry -3x Inverse Leveraged ETN CARD, an exchange-traded note that tracks -3x of the daily price movements of an index consisting of US-listed auto companies, topped the list with ~27% weekly returns. The auto industry suffered a fall as President Donald Trump’s plan for 25% auto import tariffs from Canada and Mexico could destabilize North American supply chains, inflate car costs, and damage the economy. 2. SARK – Tradr 2X Short Innovation Daily ETF SARK provides daily an inverse exposure to the ARK Innovation ETF, which is composed of companies engaged in disruptive innovation, such as artificial intelligence, DNA technologies, energy innovation, automation, etc. Technology stocks plummeted amid growing economic anxieties and policy impact uncertainties from the White House. 3. BERZ – MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN The BERZ ETF provides daily -3x inverse exposure to an index of FANG and technology companies also featured on the list of top-performing inverse ETFs with ~21% weekly returns amid growing concerns around the US economy and potential impacts from ~25% tariffs against Canada and Mexico as well as higher rates charged on Chinese imports. 4. WEBS – Direxion Daily Dow Jones Internet Bear 3X Shares The WEBS ETF that tracks companies having a strong internet focus was present on the top performing levered/ inverse ETFs list last week with ~19% weekly returns, fueled by concerns over slowing growth. 5. FNGD – MicroSectors FANG+™ Index -3X Inverse Leveraged ETN FNGD ETF, which provides inverse exposure to the US big tech equity, was on the list of top inverse ETFs as the technology sector lost ~4.7% in the last five days, led by declines in big-name technology stocks. 6. BOIL – ProShares Ultra Bloomberg Natural Gas BOIL, the natural gas ETF, ranked sixth on the top-performing leveraged ETFs list and gained more than ~14% in the last week. US natural gas prices are rising as tariffs on Canadian imports are increasing wholesale gasoline prices in the US Northeast. Price hikes are also expected to follow in the Midwest and Gulf Coast. 7. FLYD – MicroSectors Travel -3x Inverse Leveraged ETN FLYD, which tracks -3x the daily price movements of an index of US-listed travel-related companies, made it to the weekly list of inverse ETFs with ~13% returns as US airline stocks fell sharply due to economic worries and new trade tariffs. United Airlines, which has the largest exposure to China of the U.S. airlines, fell the most. 8. TZA – Direxion Daily Small Cap Bear 3X Shares The TZA, Direxion Daily Small Cap Bear 3X Shares, which provides inverse leverage to the US small-cap equity market (Russell2000 Index), also made it to the list, gaining ~11.5% last week. The US Stock Futures declined amidst heightened trade and economic uncertainty. 9. SRTY – ProShares UltraPro Short Russell2000 ProShares UltraPro Short Russell2000, SRTY ETF, which offers 3x daily short leverage to the Russell 2000 Index, also made it to the list this week. 10. UVIX – 2x Long VIX Futures ETF UVIX, which offers daily 2x leveraged exposure to short-term VIX futures, ranked last on the list of leveraged ETFs driven by worries of heightened market volatility following Trump’s trade policies and uncertainty around the potential trade and economic impact of his policy approach. VIX, the CBOE Volatility index, has increased to ~23.5 from ~19 in the prior week. 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.