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Inverse leveraged ETFs surged as Cerebras, IREN and D-Wave Quantum shares declined.
Corgi CART 2x Daily ETF gained as Instacart shares rallied.
Leveraged ETFs can amplify daily returns and losses, making them risky for investors.
The month of October 2026 will be remembered for steep tech sell-offs. In fact, the month saw AI-driven vulnerabilities that led to a series of high-impact cybersecurity incidents, a trend dubbed "Black October." The term refers to a series of high-impact cybersecurity incidents in October 2026 that were accelerated by AI.
Meanwhile, the AI debt boom remains a key concern. The 10-year Treasury yield climbed to around 5.3% at the start of the month, reviving concerns about borrowing costs and the massive debt financing used to build AI data centers. Investors have also been reassessing technology valuations amid rising rates and heavy corporate borrowing.
U.S. stocks have also taken a beating, as rising oil prices and renewed fears of an escalation in the U.S.-Iran conflict weighed on investor sentiment. The sell-off has spread beyond technology stocks, recently hitting even defensive sectors such as consumer staples, utilities and healthcare.
However, the broader market has strengthened this week, as bond yields have eased somewhat. Overall, State Street SPDR S&P 500 ETF Trust (SPY - Free Report) has gained 1.1% over the past month, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA - Free Report) has advanced 2.3%, as the index has relatively less exposure to high-flying tech stocks. Meanwhile, the tech-heavy Nasdaq-100 ETF Invesco QQQ Trust, Series 1 (QQQ - Free Report) has lost about 1.7%. The small-cap iShares Russell 2000 ETF (IWM - Free Report) has gained 0.8%.
Winning Leveraged ETFs of the Month
Tradr 2X Short CBRS Daily ETF (CBRZ - Free Report) – Up 144.7% over the past month (as of Oct. 28, 2026)
The Tradr 2X Short CBRS Daily ETF seeks daily investment results that correspond to two times the inverse daily performance of the common shares of Cerebras Systems Inc. Cerebras Systems (CBRS - Free Report) shares fell 42% over the past month, causing this leveraged inverse ETF to soar.
Tradr 2X Short IREN Daily ETF (IREZ - Free Report) – Up 73.1%
The Tradr 2X Short IREN Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times the inverse daily performance of the common shares of IREN Limited. Similarly, IREN Ltd. (IREN - Free Report) shares declined 30% over the past month, benefitting this inverse leveraged ETF.
The Corgi CART 2x Daily ETF looks to track two times the daily performance of the publicly-traded common stock of Instacart (Maplebear Inc.). Instacart (CART - Free Report) shares have advanced about 34.3% over the past month.
Defiance Daily Target 2x Short QBTS ETF (QBTZ - Free Report) – Up 87.4%
The Defiance Daily Target 2x Short QBTS ETF seeks daily inverse investment results, before fees and expenses, equal to -2 times the daily percentage change in the share price of D-Wave Quantum Inc. D-Wave Quantum (QBTS - Free Report) shares have plunged 29% over the past month.
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5 Winning Leveraged ETFs Of October
Key Takeaways
The month of October 2026 will be remembered for steep tech sell-offs. In fact, the month saw AI-driven vulnerabilities that led to a series of high-impact cybersecurity incidents, a trend dubbed "Black October." The term refers to a series of high-impact cybersecurity incidents in October 2026 that were accelerated by AI.
Meanwhile, the AI debt boom remains a key concern. The 10-year Treasury yield climbed to around 5.3% at the start of the month, reviving concerns about borrowing costs and the massive debt financing used to build AI data centers. Investors have also been reassessing technology valuations amid rising rates and heavy corporate borrowing.
U.S. stocks have also taken a beating, as rising oil prices and renewed fears of an escalation in the U.S.-Iran conflict weighed on investor sentiment. The sell-off has spread beyond technology stocks, recently hitting even defensive sectors such as consumer staples, utilities and healthcare.
However, the broader market has strengthened this week, as bond yields have eased somewhat. Overall, State Street SPDR S&P 500 ETF Trust (SPY - Free Report) has gained 1.1% over the past month, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA - Free Report) has advanced 2.3%, as the index has relatively less exposure to high-flying tech stocks. Meanwhile, the tech-heavy Nasdaq-100 ETF Invesco QQQ Trust, Series 1 (QQQ - Free Report) has lost about 1.7%. The small-cap iShares Russell 2000 ETF (IWM - Free Report) has gained 0.8%.
Winning Leveraged ETFs of the Month
Tradr 2X Short CBRS Daily ETF (CBRZ - Free Report) – Up 144.7% over the past month (as of Oct. 28, 2026)
The Tradr 2X Short CBRS Daily ETF seeks daily investment results that correspond to two times the inverse daily performance of the common shares of Cerebras Systems Inc. Cerebras Systems (CBRS - Free Report) shares fell 42% over the past month, causing this leveraged inverse ETF to soar.
Tradr 2X Short IREN Daily ETF (IREZ - Free Report) – Up 73.1%
The Tradr 2X Short IREN Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times the inverse daily performance of the common shares of IREN Limited. Similarly, IREN Ltd. (IREN - Free Report) shares declined 30% over the past month, benefitting this inverse leveraged ETF.
Corgi CART 2x Daily ETF (CARX - Free Report) – Up 87.4%
The Corgi CART 2x Daily ETF looks to track two times the daily performance of the publicly-traded common stock of Instacart (Maplebear Inc.). Instacart (CART - Free Report) shares have advanced about 34.3% over the past month.
Defiance Daily Target 2x Short QBTS ETF (QBTZ - Free Report) – Up 87.4%
The Defiance Daily Target 2x Short QBTS ETF seeks daily inverse investment results, before fees and expenses, equal to -2 times the daily percentage change in the share price of D-Wave Quantum Inc. D-Wave Quantum (QBTS - Free Report) shares have plunged 29% over the past month.