Weekly Channel Summary
The Leverage & Inverse channel encompasses 693 ETFs from 27 issuers, with total assets under management standing at $198.92 billion. The segment saw renewed interest this week, attracting $1.35 billion in net inflows. This recent positive sentiment brings year-to-date flows to a modest $77 million, while over the past year, the channel has experienced net redemptions totaling $7.72 billion.
This Week’s Performance Leaders and Laggards
Leveraged and inverse crypto products led performance this week, posting a collective gain of 7.12% despite a challenging year where the category remains down 47.17%. On the other end of the spectrum, single stock products were the worst performers, falling 7.26% for the week. This short-term drop contrasts sharply with their remarkable year-to-date performance, where the category is still up 169.99%.
Top & Bottom 5 ETFs by Weekly Performance
Volatility in single-stock names drove significant dispersion among individual fund performances this week. The Defiance Daily Target 2x Long AVAV ETF (AVXX) was the top performer, surging an impressive 82.63%. Several other single-stock funds also delivered gains exceeding 45%. Conversely, the Defiance Daily Target 2x Long KEEL ETF (KEEX) was among the biggest laggards, plummeting 43.74%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AVXX | Defiance Daily Target 2x Long AVAV ETF | 82.63% |
| FGRU | T-REX 2X Long FIGR Daily Target ETF | 54.86% |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | 46.26% |
| LMNX | Defiance Daily Target 2x Long LMND ETF | 45.64% |
| MSTX | Defiance Daily Target 2x Long MSTR ETF | 45.41% |
| Bottom Performers | ||
| KEEX | Defiance Daily Target 2x Long KEEL ETF | -43.74% |
| CIFG | Leverage Shares 2X Long CIFR Daily ETF | -42.31% |
| RIOX | Defiance Daily Target 2X Long RIOT ETF | -41.52% |
| CIFU | T-REX 2X Long CIFR Daily Target ETF | -41.24% |
| ASTN | Defiance Daily Target 2X Short ASTS ETF | -41.00% |
Analyzing the Weekly Flows
The channel attracted a substantial $1.35 billion in net new assets over the week, indicating a strong appetite for tactical trading vehicles. Demand was concentrated in two key areas, with Single Stock ETFs pulling in $717 million and broad Equity ETFs gathering $703 million. Outflows from other categories were minimal in comparison, with Commodity and Fixed Income products seeing modest redemptions of $33 million and $32 million, respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Single Stock | 400 | $46.12B | $717M | $7,820M | $9,896M | $14,200M | $19,333M |
| Leverage | Inverse – Equity | 227 | $142.35B | $703M | -$991M | -$16,576M | -$19,549M | -$35,724M |
| Leverage | Inverse – Crypto | 28 | $2.70B | -$1M | $160M | $526M | $1,435M | $4,915M |
| Leverage | Inverse – Fixed Income | 15 | $3.01B | -$32M | -$439M | -$714M | -$1,482M | -$2,641M |
| Leverage | Inverse – Commodity | 22 | $4.03B | -$33M | -$842M | $3,063M | $5,473M | $6,396M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, broad market index products saw significant demand, led by the ProShares UltraPro QQQ (TQQQ), which attracted $370 million in new capital. In contrast, traders took profits or reduced exposure in specific single-stock names. The Direxion Daily TSLA Bull 2X ETF (TSLL) and the GraniteShares 2x Long MRVL Daily ETF (MVLL) experienced the largest outflows, shedding $239 million and $233 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| TQQQ | ProShares UltraPro QQQ | $370M |
| SNXX | Tradr 2X Long SNDK Daily ETF | $325M |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | $298M |
| MUU | Direxion Daily MU Bull 2X ETF | $218M |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | $155M |
| Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$239M |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | -$233M |
| SCO | ProShares UltraShort Bloomberg Crude Oil | -$159M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$112M |
| SQQQ | ProShares UltraPro Short QQQ | -$64M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: RAM ($827M).
Issuer League Table Update
The issuer landscape remains dominated by ProShares and Direxion, which command 43.16% and 36.99% of the channel’s assets, respectively. This week, Tradr led all issuers in asset gathering, securing $653 million in net inflows. On the other hand, GraniteShares recorded the largest net outflows for the week, with investors pulling $196 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 111 | $85.86B | 43.16% |
| Direxion | 123 | $73.58B | 36.99% |
| GraniteShares | 38 | $10.94B | 5.50% |
| Tradr | 67 | $9.46B | 4.75% |
| REX Microsectors | 21 | $7.37B | 3.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Tradr | $653M |
| Direxion | $354M |
| ProShares | $338M |
| Outflows | |
| GraniteShares | -$196M |
| Defiance | -$53M |
| Founder | -$4M |
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.
