Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 08/24/2025

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. CEFZ – RiverNorth Active Income ETF CEFZ, which invests in various global assets to generate long-term growth and income, again tops the list for the third consecutive week with gains of ~56%. Since converting from a mutual fund, the CEFZ ETF has continued to gain, demonstrating a shift in how investment products are structured. 2. 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, ranked second on the list with over 32% weekly gains. Following broader market optimism and a continued strong interest in cryptocurrency, Riot Platforms gained. Additionally, President Trump’s strong support for cryptocurrency extended to Bitcoin mining firms. 3. ETHT – ProShares Ultra Ether ETF ETHT, which tracks 2x the daily price movements of an index that measures the price of Ether, ranked third on the list with ~19% weekly returns. Ether reached a new all-time high last week, surpassing $4,900 for the first time and entering a period of price discovery. This surge comes as analysts note weakening momentum for Bitcoin and growing demand for Ether, which is reflected in shrinking exchange reserves. 4. ETHU – 2x Ether ETF ETHU ETF, which aims to provide 2x the daily price movements of Ether, was another Ether-focused ETF on the Levered/ Inverse ETFs’ list with over 18% weekly gains. 5. MSOX – AdvisorShares MSOS Daily Leveraged ETF MSOX, which seeks to achieve 2x the total daily return of the AdvisorShares Pure US Cannabis ETF (MSOS) through swap agreements, featured on the list with a ~18% weekly return. Cannabis prices increased, driven by optimism surrounding potential regulatory changes in the US. 6. DPST – Direxion Daily Regional Banks Bull 3X Shares DPST, which provides 3x leveraged exposure to an index of US regional banking stocks, was one of the top-performing levered ETFs on the Fed’s dovish pivot. A Fed dovish pivot creates a supportive environment for the US financial sector by boosting market confidence and making credit cheaper. 7. KOLD – ProShares UltraShort Bloomberg Natural Gas KOLD, which offers 2x daily inverse leveraged exposure to natural gas, was one of the contenders on the list of top performing levered/ inverse ETFs returning over 13% last week. Natural gas prices ended lower, as forecasts predict cooler temperatures for the end of August. 8. CHAU – Direxion Daily CSI 300 China A Share Bull 2x Shares CHAU provides daily 2x leveraged exposure to an index of the 300 largest and most liquid Chinese shares traded on the Chinese exchanges, also made it to the list, with over 11% weekly gains, amid a tech stock rally. Also, if the Fed cut interest rates, it could trigger a capital rotation from the U.S. to China, leading to potential investment inflows. 9. NRGU – MicroSectors U.S. Big Oil Index 3X Leveraged ETN NRGU, which tracks three times the performance of an index of US Oil & Gas companies, was another energy-focused fund on the weekly list, returning ~11%. Oil prices gained amid potential ceasefire negotiations between Russia and Ukraine, as well as a US crude stocks drawdown. 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. Travel industry stocks rose, following Federal Reserve Chair Jerome Powell’s signaling of potential rate cuts. The prospect of lower borrowing costs boosted optimism that consumers would be more likely to increase their discretionary spending, benefiting travel-related companies. For more news, information, and analysis, visit the Leveraged & Inverse Content Hub.

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.