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Inverse leveraged ETFs led gains as stocks and metals tumbled.
Defiance Daily Target 2X Short SMCI ETF (SMCZ) soared 63% on sharp SMCI decline.
Gold/silver bear ETFs rallied as rising yields & dollar hit precious metals.
Wall Street was subdued last week. The ongoing conflict has fueled sharp swings across global markets, particularly in commodities.Oil prices surged past $112 per barrel on Friday, stoking concerns about inflation and economic stability.
U.S. equities also weakened, with the Russell 2000 falling more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory this year, as quoted on CNBC.
The Dow Jones Industrial Average and Nasdaq Composite also neared a 10% drop from recent highs — a level typically considered a market correction.Adding to uncertainty, President Donald Trump signaled that he does not favor a ceasefire with Iran.
State Street SPDR S&P 500 ETF Trust (SPY - Free Report) , State Street SPDR Dow Jones Industrial Avg ETF Trust (DIA - Free Report) and the Nasdaq-100-heavy fund Invesco QQQ Trust, Series 1 (QQQ - Free Report) each retreated about 3%.
Best-Performing Leveraged ETFs in Focus
Against this backdrop, below we highlight a few winning leveraged ETFs of last week.
Defiance Daily Target 2X Short SMCI ETF (SMCZ - Free Report) – Up 63.6%
Super Micro Computer Inc (SMCI - Free Report) lost about 35% last week. The Defiance Daily Target 2X Short SMCI ETF seeks daily inverse investment results of -2 times the daily percentage change in the share price of Super Micro Computer, Inc. The expense ratio of the fund is 1.29%.
VanEck Gold Miners ETF (GDX - Free Report) was off 13.8% last week. The MicroSectors Gold Miners -3X Inverse Leveraged ETNs is linked to a three times inverse leveraged participation in the performance of the S-Network MicroSectors Gold Miners Index. The expense ratio of the fund is 0.95%.
ProShares UltraShort Silver (ZSL - Free Report) – Up 36.1%
iShares Silver Trust (SLV - Free Report) retreated about 16% last week. The ProShares UltraShort Silver seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance the Bloomberg Silver Subindex. The expense ratio of the fund is 0.95%.
Defiance Daily Target 2x Long LMND ETF (LMNX - Free Report) – Up 25.5%
Lemonade Inc. (LMND - Free Report) advanced about 14.4% last week. The Defiance Daily Target 2x Long LMND ETF seeks daily investment results, before fees and expenses, of two times the daily percentage change in the share price of Lemonade, Inc. The expense ratio of the fund is 1.31%.
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5 Best-Performing Leveraged ETFs of Last Week
Key Takeaways
Wall Street was subdued last week. The ongoing conflict has fueled sharp swings across global markets, particularly in commodities.Oil prices surged past $112 per barrel on Friday, stoking concerns about inflation and economic stability.
U.S. equities also weakened, with the Russell 2000 falling more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory this year, as quoted on CNBC.
The Dow Jones Industrial Average and Nasdaq Composite also neared a 10% drop from recent highs — a level typically considered a market correction.Adding to uncertainty, President Donald Trump signaled that he does not favor a ceasefire with Iran.
State Street SPDR S&P 500 ETF Trust (SPY - Free Report) , State Street SPDR Dow Jones Industrial Avg ETF Trust (DIA - Free Report) and the Nasdaq-100-heavy fund Invesco QQQ Trust, Series 1 (QQQ - Free Report) each retreated about 3%.
Best-Performing Leveraged ETFs in Focus
Against this backdrop, below we highlight a few winning leveraged ETFs of last week.
Defiance Daily Target 2X Short SMCI ETF (SMCZ - Free Report) – Up 63.6%
Super Micro Computer Inc (SMCI - Free Report) lost about 35% last week. The Defiance Daily Target 2X Short SMCI ETF seeks daily inverse investment results of -2 times the daily percentage change in the share price of Super Micro Computer, Inc. The expense ratio of the fund is 1.29%.
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD - Free Report) – Up 51.7%
VanEck Gold Miners ETF (GDX - Free Report) was off 13.8% last week. The MicroSectors Gold Miners -3X Inverse Leveraged ETNs is linked to a three times inverse leveraged participation in the performance of the S-Network MicroSectors Gold Miners Index. The expense ratio of the fund is 0.95%.
ProShares UltraShort Silver (ZSL - Free Report) – Up 36.1%
iShares Silver Trust (SLV - Free Report) retreated about 16% last week. The ProShares UltraShort Silver seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance the Bloomberg Silver Subindex. The expense ratio of the fund is 0.95%.
Defiance Daily Target 2x Long LMND ETF (LMNX - Free Report) – Up 25.5%
Lemonade Inc. (LMND - Free Report) advanced about 14.4% last week. The Defiance Daily Target 2x Long LMND ETF seeks daily investment results, before fees and expenses, of two times the daily percentage change in the share price of Lemonade, Inc. The expense ratio of the fund is 1.31%.