Weekly Channel Summary
The Leverage & Inverse channel encompasses 774 ETFs from 25 issuers, with total assets under management of $160.20 billion. The channel attracted $2.27 billion in net flows over the past week, bringing year-to-date inflows to $7.94 billion. Over the last twelve months, the channel has gathered $4.15 billion in net new assets.
This Week’s Performance Leaders and Laggards
All categories within the Leverage & Inverse channel posted negative returns for the week amid broad market declines. Commodity-focused products were the most resilient, falling just -0.92%, while Single Stock strategies saw the steepest losses at -5.60%. Despite the weekly drop, Single Stock funds remain the top-performing category year-to-date with a gain of 63.50%, contrasting sharply with Crypto funds, which are down -52.00% over the same period.
Top & Bottom 5 ETFs by Weekly Performance
Gains were concentrated in specific bullish consumer and internet plays this week, with the Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) leading all funds with an 18.36% return. On the other end of the spectrum, the 21Shares 2x Long HYPE ETF (TXXH) was the worst performer, declining by -19.96%. Notably, the Direxion Daily Semiconductor Bull 3X ETF (SOXL) also experienced a significant drop of -16.15%, ranking among the bottom performers for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| WANT | Direxion Daily Consumer Discretionary Bull 3X ETF | 18.36% |
| WEBL | Direxion Daily Dow Jones Internet Bull 3X ETF | 18.18% |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 17.39% |
| SKYU | ProShares Ultra Nasdaq Cloud Computing ETF | 17.25% |
| YINN | Direxion Daily FTSE China Bull 3X ETF | 17.22% |
| Bottom Performers | ||
| TXXH | 21Shares 2x Long HYPE ETF | -19.96% |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -16.62% |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | -16.15% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | -16.02% |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -15.32% |
Analyzing the Weekly Flows
The Leverage & Inverse channel recorded net inflows of $2.27 billion for the week, driven almost entirely by a single category. Leveraged and Inverse Equity products attracted a substantial $2.49 billion, reversing a longer-term trend of outflows. Meanwhile, Single Stock funds saw the largest redemptions, shedding -$159 million. This weekly activity contrasts with the year-to-date picture, where Single Stock funds lead with $12.79 billion in new assets while Equity funds have seen net outflows of -$10.50 billion.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Equity | 234 | $119.94B | $2,486M | $8,863M | $2,640M | -$10,501M | -$23,290M |
| Leverage | Inverse – Crypto | 28 | $2.98B | $7M | -$92M | $242M | $1,357M | $4,777M |
| Leverage | Inverse – Commodity | 22 | $3.85B | -$29M | $96M | $3,234M | $5,571M | $6,366M |
| Leverage | Inverse – Fixed Income | 15 | $3.03B | -$40M | $222M | -$325M | -$1,276M | -$2,682M |
| Leverage | Inverse – Single Stock | 475 | $30.40B | -$159M | -$1,513M | $9,156M | $12,788M | $18,974M |
Top & Bottom 5 ETFs by 5-Day Flow
The Direxion Daily Semiconductor Bull 3X ETF (SOXL) dominated inflows, attracting a staggering $2.50 billion from investors despite its poor weekly performance. This suggests a significant ‘buy the dip’ sentiment in the semiconductor space. On the outflow side, its bearish counterpart, the Direxion Daily Semiconductor Bear 3X ETF (SOXS), saw the largest redemptions of -$601 million. The Direxion Daily MU Bull 2X ETF (MUU) followed with the second-largest outflow of -$259 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | $2,495M |
| TQQQ | ProShares UltraPro QQQ | $623M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | $265M |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | $135M |
| QLD | ProShares Ultra QQQ | $123M |
| Outflows | ||
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -$601M |
| MUU | Direxion Daily MU Bull 2X ETF | -$259M |
| MSFU | Direxion Daily MSFT Bull 2X ETF | -$228M |
| UPRO | ProShares UltraPro S&P500 | -$74M |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | -$70M |
Issuer League Table Update
ProShares and Direxion continue to dominate the Leverage & Inverse landscape, commanding 44.53% and 37.60% of the market share, respectively. Direxion led all issuers in asset gathering this week, pulling in a substantial $1.62 billion in net new money, largely due to demand for its semiconductor products. In contrast, GraniteShares experienced the largest net outflows among issuers, with redemptions totaling -$57 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 113 | $71.34B | 44.53% |
| Direxion | 124 | $60.24B | 37.60% |
| GraniteShares | 44 | $7.75B | 4.84% |
| REX Microsectors | 21 | $6.51B | 4.06% |
| Tradr | 76 | $4.35B | 2.72% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Direxion | $1,616M |
| ProShares | $500M |
| Leverage Shares | $80M |
| Outflows | |
| GraniteShares | -$57M |
| Volatility Shares | -$19M |
| Tradr | -$17M |
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.
