Research > ETFs > ETF / ETP Commentary > 

Top Performing Leveraged/Inverse ETFs: 10/25/2026

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. SOXS – Direxion Daily Semiconductor Bear 3x ETF The SOXS ETF, which inversely tracks the PHLX Semiconductor Index topped the list of levered/ inverse ETFs with 25%+ returns in the last week. U.S. semiconductor stocks fell due to growing investor anxiety over the sustainability of AI spending, underwhelming corporate forecasts, and tighter financial conditions. 2. SMHD – MicroSectors -3x Short Semiconductor ETN SMHD, which seeks to provide 3x the inverse daily closing price of the VettaFi Semiconductor Fund-Tracking Index, was another semiconductor-focused ETF ranking second on the list with over 21% weekly gains. 3. CURE – Direxion Daily Healthcare Bull 3x ETF The CURE ETF offers 3x daily leveraged exposure to an index of healthcare stocks, and is featured on the list. U.S. healthcare stocks surged and hit record highs as investors rotated away from technology and growth sectors into defensive value plays. The healthcare sector gained over 2% in the last five days. 4. HIBS – Direxion Daily S&P 500 High Beta Bear 3X ETF HIBS, which provides inverse exposure to the U.S. large-cap stocks, was present on the top performing levered/ inverse ETFs list this week. U.S. stocks fell last week primarily due to growing anxieties over the sustainability of massive AI spending and rising inflation fears driven by climbing oil and energy prices. 5. TECS – Direxion Daily Technology Bear 3X ETF The TECS ETF, which offers 3x daily short leverage to the Technology Select Sector Index, was on the list of top inverse ETFs as investors grew increasingly worried about the massive capital expenditures required for AI infrastructure and whether those huge investments will deliver a fast enough payoff. 6. BERZ – MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN Another tech-focused fund, the BERZ ETF, which provides daily -3x inverse exposure to an index of FANG and technology companies, also featured on the list of top-performing inverse ETFs with ~16% weekly returns. 7. NOWL – GraniteShares 2x Long NOW Daily ETF NOWL, which provides 2x leveraged exposure to the daily price movement for shares of ServiceNow, Inc. (NYSE: NOW) stock was one of the contenders on the list, with ~15% weekly gains. ServiceNow shares increased last week ahead of its upcoming Q3 earnings report and strong analyst backing. 8. KOLD – ProShares UltraShort Bloomberg Natural Gas KOLD, which offers daily inverse leveraged exposure to natural gas, was another top performing levered/ inverse ETF, returning over 15% last week. U.S. natural gas prices fell sharply last week primarily due to unseasonably warm weather forecasts that weakened near-term heating demand expectations, combined with abundant domestic supply and profit-taking after prior price spikes. 9. SSG – Proshares Ultrashort Semiconductors SSG ETF, which offers 2x daily short leverage to the Dow Jones U.S. Semiconductors Index, was another semiconductor-focused top performing inverse ETF featuring on the list, gaining by more than 14% last week. 10. FNGD – MicroSectors FANG+™ Index -3X Inverse Leveraged ETN Another tech-focused fund, the FNGD ETF, which provides inverse exposure to US big tech equity, was one of the contenders on the list of top inverse ETFs with 13% weekly gains. 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.