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: 09/27/2026

BY | ETF Database
10:16 am ET 09/29/26 | 3 VIEWS
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. PUL – GraniteShares 2x Long P Daily ETF PUL ETF, which provides 2x leveraged exposure to the daily price movement for shares of Everpure, Inc. (NYSE: P) stock, topped the list delivering the top return at 43.92%, as the underlying stock gained ~16%+ in a single week due to an ambitious fiscal 2028 outlook driven by booming AI demand and hyperscaler business opportunities. 2. IONX – Defiance Daily Target 2X Long IONQ ETF The Defiance Daily Target 2X Long IONQ ETF, which seeks daily leveraged investment results of two times the daily percentage change in the share price of IonQ Inc., ranked second on the levered ETFs’ list last week with ~33% returns. IonQ shares surged last week following a major technical breakthrough and a high-profile partnership announcement with Nvidia. 3. IONL – GraniteShares 2x Long IONQ Daily ETF IONL, another IONQ-focused ETF made it to the list with over 33% weekly gains. 4. QCML – GraniteShares 2x Long QCOM Daily ETF QCML, which provides 2x leveraged exposure, to the daily price movement for shares of Qualcomm Inc.(QCOM) stock, featured on the list. Qualcomm stock increased last week amid strong demand forecasts for next-gen mobile Snapdragon processors and expanded design wins across automotive and AI-enabled edge hardware, with the likes of Amazon Web Services (AWS) and Apple. 5. INTW – GraniteShares 2x Long INTC Daily ETF INTW, which provides 2x leveraged exposure to the daily price movement for shares of Intel Corporation (INTC) stock, was another leveraged candidate on the list with nearly 26% weekly gains. Intel shares surged last week due to a mix of artificial intelligence optimism, strategic partnership reports, and planned price increases. 6. 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 ~25%+ gains in the last week. Shares of Meta Platforms increased last week primarily due to explosive consumer excitement and rapid early downloads for its new action-oriented personal AI agent, Muse. 7. AMDL – GraniteShares 2x Long AMD Daily ETF AMDL, which provides 2x leveraged exposure to the daily price movement for shares of Advanced Micro Devices stock, also made it to the levered ETFs’ list, with over 25% weekly gains. AMD rallied on expanding market share in AI accelerators and positive commentary from major cloud hyperscalers regarding chip deployments. 8. SOXL – Direxion Daily Semiconductor Bull 3X ETF SOXL, which offers 3x daily long leverage to the PHLX Semiconductor Index, was another contender on the list with over 22% returns last week. Semiconductor stocks surged last week due to sustained, heavy investor capital flowing into artificial intelligence infrastructure despite broader market pressures. 9. XRPT – Volatility Shares Trust XRP 2X ETF XRPT, an actively managed fund, offering 2x the daily price participation in XRP using near-term futures and XRP-linked instruments, featured on the list returning ~22% in the last week, as spot XRP rallied due to strong institutional inflows into U.S. spot XRP ETFs and bullish technical breakout momentum. 10. SMCL – GraniteShares 2x Long SMCI Daily ETF SMCL, which provides 2x leveraged exposure to the daily price movement for shares of Super Micro Computer Inc (ticker: SMCI) stock also made it to the list with over 21% weekly gains. SMCI shares surged last week following confirmation that it has started shipping next-generation accelerated computing rack systems alongside robust enthusiasm for expanding artificial intelligence infrastructure demand. For more news, information, and analysis, visit the Leveraged & Inverse Content Hub.

More Commentary

Inside IG Bond ETFs: The Hidden AI Bet
BY | ETF Database
5:32 am ET 09/29/26 | 21 VIEWS
Biotech ETF SBIO Can Get Its Groove Back
BY | ETF Database
6:03 am ET 09/29/26 | 13 VIEWS
How to Diversify Away From AI Concentration
BY | ETF Database
8:21 am ET 09/29/26 | 18 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.