Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 01/12/2025

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 list of top-performing leveraged ETFs and gained more than 31% in the last week. An icy January and global geopolitical tensions have driven up natural gas prices. 2. UVIX – 2x Long VIX Futures ETF UVIX, which offers daily 2x leveraged exposure to short-term VIX futures, ranked second on the list of leveraged ETFs. Market volatility surged as investors grappled with uncertainty from Trump’s tariffs, historically high stock valuations, and rising interest rates. VIX, the CBOE Volatility index has increased to ~19 from ~16.8 in the prior week. 3. ETHD – ProShares UltraShort Ether ETF ETHD which tracks -2x the daily price movements of an index that measures the price of Ethereum ETF ranked third on the ETFs on the list with ~20% weekly gains. Crypto assets plummeted last week after strong U.S. labor market data dashed hopes for an interest rate cut by the Federal Reserve. 4. YANG – Direxion Daily FTSE China Bear 3X Shares YANG, which offers 3x daily short leverage to the FTSE China 50 Index featured on the list of levered/ inverse ETFs returning nearly ~18% last week. Asia-Pacific markets plunged last week driven by concerns that the Federal Reserve might delay its interest rate cuts due to persistent inflation. This anxiety was further amplified by China’s deepening consumer price deflation. 5. UVXY – ProShares Ultra VIX Short-Term Futures ETF UVXY, which offers leveraged exposure to an index comprised of short-term VIX futures contracts was another volatility-focused fund on the top-performing levered ETFs last week as volatility increased. 6. DRV – Direxion Daily Real Estate Bear 3X Shares The DRV ETF, which offers -3x daily leverage to an index of U.S. REITs, was one of the top-performing inverse ETFs returning ~13% last week. The rate-sensitive real estate sector declined as investors anticipated the Federal Reserve would maintain its current interest rate policy amid robust U.S. labor market data. 7. FXP – ProShares UltraShort FTSE China 50 FXP, which offers inverse exposure to China’s large-cap stocks was another China-focused ETF that gained ~12% in the last week. 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 ~10.8% last week. A surge in job growth and a falling unemployment rate of 4.1% in December painted a picture of a robust U.S. economy. This unexpectedly strong labor market data triggered a sell-off as investors braced for the possibility of higher interest rates. 9. SRTY – ProShares UltraPro Short Russell2000 ProShares UltraPro Short Russell2000, SRTY ETF which offers 3x daily short leverage to the Russell 2000 Index, was another contender on the list with ~10.7% returns in the last week. 10. 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 ~10% weekly returns amid uncertainty around interest rate outlook. Technology was the worst performing sector losing nearly 4% 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.