Weekly Channel Summary
The Leveraged & Inverse ETF channel currently oversees $209.19B in Total AUM across 594 individual ETF products from 24 active issuers. Over the past five days, the channel experienced solid positive momentum with net inflows of $1.14B. Despite this recent burst of fresh capital, the year-to-date flow profile remains negative with -$5.09B in net redemptions, dragging the aggregate 1-year flow figure down to -$15.65B.
This Week’s Performance Leaders and Laggards
This week showcased intense dispersion across the Leveraged & Inverse landscape, with the most aggressive action clustering around technology, digital assets, and energy themes. Equity: Thematic – Disruptive Tech dominated on the upside with a scorching 8.32% weekly return, closely trailed by Information Technology (5.89%). Conversely, energy exposure felt the brunt of the selling pressure. Commodity: Focused – Energy led the downside at -7.51%, with broader Equity: Sector – Energy also slumping -5.32%. Core equities remained relatively insulated from the extremes, with U.S. Large Cap – Blend posting a modest 1.49% weekly gain.
Top & Bottom 5 ETFs by Weekly Performance
On an individual product level, the STLU (Volatility Shares 2x Stellar ETF) exploded higher to capture the top spot with a staggering 155.46% gain. The pain trade was concentrated in highly levered crypto products, with the SLON (ProShares Ultra Solana ETF) and UXRP (ProShares Ultra XRP ETF) enduring brutal selloffs of -80.75% and -80.38% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| STLU | Volatility Shares 2x Stellar ETF | 155.46% |
| DRNL | Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | 55.28% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 40.09% |
| TXXH | 21Shares 2x Long HYPE ETF | 34.92% |
| BULZ | MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 23.29% |
| Bottom Performers | ||
| SLON | ProShares Ultra Solana ETF | -80.75% |
| UXRP | ProShares Ultra XRP ETF | -80.38% |
| SCO | ProShares UltraShort Bloomberg Crude Oil | -73.58% |
| REW | ProShares UltraShort Technology | -53.05% |
| BIS | ProShares UltraShort Nasdaq Biotechnology | -51.23% |
Analyzing the Weekly Flows
Money flowed decisively into the Leveraged & Inverse space this week with net inflows totaling $1.10B. Digging beneath the surface reveals massive intra-category rotations. The Commodity group attracted outsized interest, gobbling up a striking $3,833M in weekly flows (pushing its AUM to $10.55B). Crypto products also saw net-positive allocations ($169M). The primary funding source for these moves came at the expense of Leveraged & Inverse Equity funds, which hemorrhaged -$2,618M over the trailing five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Commodity | 19 | $10,552M | $3,833M | $4,026M | $4,801M | $6,340M | $7,380M |
| Leverage | Inverse – Crypto | 24 | $3,800M | $169M | $118M | $615M | $1,252M | $4,733M |
| Leverage | Inverse – Fixed Income | 15 | $3,511M | -$127M | -$34M | -$39M | -$1,007M | -$2,321M |
| Leverage | Inverse – Single Stock | 324 | $45,149M | -$153M | $2,802M | $3,001M | $6,312M | $11,292M |
| Leverage | Inverse – Equity | 194 | $146,179M | -$2,618M | -$4,855M | -$9,884M | -$18,108M | -$36,854M |
Top & Bottom 5 ETFs by 5-Day Flow
The massive surge in Commodity flows was almost entirely driven by traders shorting crude oil; the SCO (ProShares UltraShort Bloomberg Crude Oil) absorbed an immense $3,655M alone. On the redemption side, leveraged bets on semiconductors and emerging markets faced heavy liquidations. The SOXL (Direxion Daily Semiconductor Bull 3X) and KORU (Direxion Daily MSCI South Korea Bull 3X) led the retreat, bleeding -$2,323M and -$514M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top Inflows | ||
| SCO | ProShares UltraShort Bloomberg Crude Oil | $3,655M |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | $317M |
| UXRP | ProShares Ultra XRP ETF | $125M |
| PSQ | ProShares Short QQQ | $121M |
| MQQQ | Tradr 2X Long Innovation 100 Monthly ETF | $104M |
| Top Outflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | -$2,323M |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | -$514M |
| TQQQ | ProShares UltraPro QQQ | -$144M |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | -$109M |
| TECL | Direxion Daily Technology Bull 3X ETF | -$77M |
Issuer League Table Update
The channel remains highly concentrated, with the top two players—ProShares (44.12% market share) and Direxion (36.25% market share)—controlling over 80% of assets. The flow disparity between these titans was immense this week. Buoyed by massive inflows into its short oil products, ProShares vacuumed up $3,919M in new capital. Meanwhile, Direxion suffered the worst outflows in the group, bleeding -$3,110M as traders abandoned its levered semiconductor and international equity strategies.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 110 | $92.35B | 44.12% |
| Direxion | 118 | $75.88B | 36.25% |
| GraniteShares | 39 | $11.35B | 5.42% |
| REX Microsectors | 19 | $9.26B | 4.42% |
| Tradr | 64 | $8.08B | 3.86% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Top Inflows | |
| ProShares | $3,919M |
| GraniteShares | $440M |
| Leverage Shares | $83M |
| Top Outflows | |
| Direxion | -$3,110M |
| Tradr | -$163M |
| T-Rex | -$35M |
For a deeper dive into these trends, access our FREE, in-depth Leverage | Inverse ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
