Weekly Channel Summary
The Leveraged & Inverse channel, comprising 500 ETFs from 26 issuers, holds a total of $153.38 billion in AUM. The channel saw significant activity this past week, attracting $2.06 billion in net inflows. This builds on strong recent performance, with $2.72 billion in YTD flows and $7.99 billion over the past year.
This Week’s Performance Leaders and Laggards
Performance was led by Thematic Precious Metals, which saw a 5.80% Week-to-Date return, and Health Care (3.89%). The primary laggard was the Cryptocurrency – Bitcoin category, which fell 8.22% for the week.
Category Performance Snapshot
The table below breaks down the week-to-date performance of each category by its corresponding levered and inverse ETF implementations.
| Category | Levered: 2x | Levered: 3x | Levered: 4x | Inverse: 1x | Inverse: 2x | Inverse: 3x |
|---|---|---|---|---|---|---|
| Commodity: Focused – Agriculture | 0.14% | |||||
| Commodity: Focused – Energy | 6.42% | 4.23% | 0.31% | |||
| Commodity: Focused – Industrial Metals | 4.26% | |||||
| Commodity: Focused – Precious Metals | 5.52% | -6.67% | ||||
| Digital Asset: Cryptocurrency – Bitcoin | -17.73% | 19.66% | ||||
| Equity: Emerging Large Cap | 1.89% | -2.19% | ||||
| Equity: Global Ex-U.S. Large Cap – Blend | ||||||
| Equity: Region – Asia-Pacific | 6.95% | |||||
| Equity: Region – Asia-Pacific Emerging | -2.26% | 2.02% | -1.44% | |||
| Equity: Region – Eurozone | 3.76% | |||||
| Equity: Region – Latin America | 1.06% | |||||
| Equity: Sector – Communication Services | ||||||
| Equity: Sector – Consumer Discretionary | -3.24% | -4.21% | ||||
| Equity: Sector – Consumer Staples | ||||||
| Equity: Sector – Financials | -1.69% | 1.56% | ||||
| Equity: Sector – Health Care | 9.77% | 13.65% | -13.24% | |||
| Equity: Sector – Industrial | -3.30% | 1.84% | -1.23% | |||
| Equity: Sector – Information Technology | 0.35% | -3.81% | 2.16% | |||
| Equity: Sector – Materials | ||||||
| Equity: Sector – Real Estate | -2.74% | 2.57% | ||||
| Equity: Sector – Utilities | -3.35% | 3.01% | ||||
| Equity: Thematic – Disruptive Tech | -9.32% | -4.69% | 3.08% | 3.20% | ||
| Equity: Thematic – Evolving Consumer | -22.19% | -4.02% | ||||
| Equity: Thematic – Infrastructure | -4.79% | |||||
| Equity: Thematic – Multi-Sector | -9.72% | 4.54% | ||||
| Equity: Thematic – Natural Resources | -11.27% | |||||
| Equity: Thematic – Precious Metals | 10.74% | -11.95% | ||||
| Equity: U.S. Large Cap – Blend | 0.42% | -2.83% | -0.37% | 0.20% | 2.24% | |
| Equity: U.S. Large Cap – Growth | -5.11% | -6.95% | ||||
| Equity: U.S. Small Cap – Blend | -1.78% | -4.69% | 5.36% | |||
| Fixed Income: Taxable – Government Intermediate | -0.99% | 1.08% | ||||
| Fixed Income: Taxable – Government Long | -2.56% | 2.62% | ||||
| Fixed Income: Taxable – High Yield | ||||||
| Fixed Income: Taxable – Preferred Stock | -1.13% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s top performer was the BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) with a 19.83% gain. The worst performers were MSOX (AdvisorShares MSOS Daily Leveraged ETF) at -40.45% and QPUX (Defiance 2X Daily Long Pure Quantum ETF) at -38.61%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | 19.83% |
| ETQ | T-Rex 2X Inverse Ether Daily Target ETF | 19.48% |
| REKT | Direxion Daily Crypto Industry Bear 1X Shares | 17.18% |
| PILL | Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 15.85% |
| GDXU | MicroSectors Gold Miners 3X Leveraged ETN | 13.65% |
| Bottom Performers | ||
| MSOX | AdvisorShares MSOS Daily Leveraged ETF | -40.45% |
| QPUX | Defiance 2X Daily Long Pure Quantum ETF | -38.61% |
| LMBO | Direxion Daily Crypto Industry Bull 2X Shares | -29.12% |
| SOLT | 2x Solana ETF | -28.54% |
| ETHU | 2x Ether ETF | -19.28% |
Analyzing the Weekly Flows
The channel collected $2.06 billion in net flows this week. The ‘Leverage | Inverse – Single Stock’ category was the clear leader, pulling in $1.44 billion and bringing its AUM to $26.62 billion. ‘Leverage | Inverse – Equity’ also saw strong inflows of $584 million. The only category with significant outflows was ‘Leverage | Inverse – Fixed Income’, which shed $44 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Single Stock | 247 | $26,624M | $1,438M | $2,506M | $4,267M | $8,960M | $13,020M |
| Leverage | Inverse – Equity | 192 | $111,374M | $584M | ($1,907M) | ($6,458M) | ($9,501M) | ($8,469M) |
| Leverage | Inverse – Crypto | 18 | $6,288M | $61M | $938M | $3,028M | $3,957M | $4,790M |
| Leverage | Inverse – Commodity | 18 | $3,932M | $19M | ($288M) | $84M | $467M | $338M |
| Leverage | Inverse – Fixed Income | 14 | $5,162M | ($44M) | ($252M) | ($1,054M) | ($1,162M) | ($1,694M) |
Top & Bottom 5 ETFs by 5-Day Flow
The SOXL (Direxion Daily Semiconductor Bull 3x Shares) led all ETFs with $699 million in new assets. The largest outflows came from SOXS (Direxion Daily Semiconductor Bear 3x Shares) with ($166 million) and UPRO (ProShares UltraPro S&P500) with ($154 million).
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | $699M |
| TQQQ | ProShares UltraPro QQQ | $449M |
| SSO | ProShares Ultra S&P 500 | $87M |
| KOLD | ProShares UltraShort Bloomberg Natural Gas | $70M |
| QLD | ProShares Ultra QQQ | $43M |
| Outflows | ||
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | ($166M) |
| UPRO | ProShares UltraPro S&P500 | ($154M) |
| NUGT | Direxion Daily Gold Miners Index Bull 2x Shares | ($96M) |
| BOIL | ProShares Ultra Bloomberg Natural Gas | ($70M) |
| LABU | Direxion Daily S&P Biotech Bull 3X Shares | ($63M) |
Issuer League Table Update
ProShares (47.11%) and Direxion (34.06%) continue to dominate the channel’s market share. This week, GraniteShares led all issuers with $576 million in inflows, followed by Direxion with $509 million. Volatility Shares saw the largest outflows at ($20 million).
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 107 | $72.26B | 47.11% |
| Direxion | 115 | $52.24B | 34.06% |
| GraniteShares | 38 | $8.58B | 5.60% |
| REX Microsectors | 19 | $7.27B | 4.74% |
| Volatility Shares | 6 | $4.04B | 2.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| GraniteShares | $576M |
| Direxion | $509M |
| ProShares | $333M |
| Outflows | |
| Volatility Shares | ($20M) |
| Simplify | ($2M) |
| KraneShares | ($1M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
