These 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. 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., topped the levered ETFs’ list last week. IonQ shares are surging following Q4 2025 results that showcased explosive revenue growth and significant improvements in profitability. Investors are cheering the company’s ability to translate quantum computing technology into tangible, high-growth financial performance.
2. GDXU – MicroSectors Gold Miners 3X Leveraged ETN
GDXU is a leveraged equity fund that provides 3x exposure to an index comprised of two of the largest gold miners’ ETFs that invest in the global gold mining industry. GDXU returned ~29% last week. Gold prices jumped, driven by geopolitical concerns raised by the escalating war in the Middle East.
3. AGQ – Proshares Ultra Silver
AGQ ETF, which offers 2x daily long leverage to the Silver bullion, featured on the list, returning ~22% last week. Silver prices climbed as escalating Middle East tensions and sticky U.S. inflation data drove investors toward safe-haven assets. Additionally, a surge in gold imports from China provided a bullish tailwind for the broader precious metals market.
4. JNUG – Direxion Daily Junior Gold Miners Index Bull 2x Shares
Another gold-focused ETF, JNUG, which seeks to return 200% of the daily performance of the MVIS Global Junior Gold Miners Index, ranked fourth on the list of top-performing leveraged/inverse ETFs last week, returning over 20%.
5. KORU – Direxion MSCI Daily South Korea Bull 3X Shares
KORU provides 300% daily leveraged exposure to an index of large- and mid-cap South Korean companies was another candidate on the list of top-performing leveraged ETFs last week, with over 20% returns, supported by AI-driven semiconductor momentum, and improving growth expectations alongside a steadier policy backdrop.
6. NUGT – Direxion Daily Gold Miners Index Bull 2x Shares
Another gold ETF, NUGT, seeks daily investment results of 200% of the performance of the NYSE Arca Gold Miners Index was one of the top levered ETFs. The ETF gained more than ~18% in the last week.
7. BNKD – MicroSectors U.S. Big Banks Index -3 Inverse Leveraged ETN
BNKD, which tracks three times the inverse performance of an equal-weighted index of US large banks, ranked among the top-performing inverse ETFs. US bank stocks fell last week due to a combination of macro concerns, including new 15% tariffs causing trade volatility, and fears that AI-driven disruption could increase unemployment and lead to higher credit losses.
8. YANG – Direxion Daily FTSE China Bear 3X Shares
YANG offers 3x daily short leverage to the FTSE China 50 Index and is featured on the list of levered/ inverse ETFs returning over 12% last week. Mainland Chinese stock markets fell amid heightened tensions in the Middle East that led to the effective closure of the Strait of Hormuz, triggering fears of global energy supply disruptions, weak economic data and earnings, and tech valuation pressures.
9. NVDS – Tradr 1.5X Short NVDA Daily ETF
NVDS, which provides a 1.5x inverse exposure to the daily price movement for shares of Nvidia stock featured on the list, with over 9% returns last week. Nvidia shares fell as investors grew wary that surging capital expenditures by hyperscale tech giants may not be sustainable or deliver immediate returns. Despite a strong earnings beat, the stock underperformed as the market shifted focus from raw growth to the long-term ROI of the AI trade.
10. SHNY – MicroSectors Gold 3X Leveraged ETNs
SHNY, an ETF offering 3x daily leveraged exposure to the spot price of gold, was another gold ETF that made it to the list with weekly gains of approximately 9%.
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