Weekly Channel Summary
The Leverage | Inverse channel maintained its robust activity this week, ending with a total AUM of $136.5 billion across 489 funds from 26 issuers. The channel saw significant engagement, pulling in $35.6 billion in net inflows over the past 5 days. This strong weekly momentum contributes to a Year-to-Date flow total of $38.2 billion and a 1-Year flow total of $40.6 billion, highlighting sustained investor interest in leveraged and inverse strategies despite market volatility.
This Week’s Performance Leaders and Laggards
Performance this week was mixed across the board. The Equity: Sector – Health Care category led the pack with a modest 1.85% return, followed by strength in Fixed Income categories like Government Long and Intermediate bonds. On the flip side, the Digital Asset: Cryptocurrency – Bitcoin category was the primary laggard, dropping -11.50%, while Thematic – Disruptive Tech and Information Technology also faced significant headwinds, falling -5.65% and -5.15% respectively.
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 | -1.84% | |||||
| Commodity: Focused – Energy | -3.87% | 3.35% | ||||
| Commodity: Focused – Industrial Metals | -1.57% | |||||
| Commodity: Focused – Precious Metals | -1.79% | -1.79% | 1.84% | 1.37% | ||
| Digital Asset: Cryptocurrency – Bitcoin | -22.95% | 12.37% | 25.36% | |||
| Equity: Emerging Large Cap | -6.82% | -10.14% | 3.58% | 7.19% | 10.96% | |
| Equity: Global Ex-U.S. Large Cap – Blend | -5.59% | 2.86% | 5.67% | |||
| Equity: Region – Asia-Pacific | -6.78% | -15.29% | 6.75% | |||
| Equity: Region – Asia-Pacific Emerging | -6.88% | -6.03% | 3.67% | 7.37% | 11.29% | |
| Equity: Region – Eurozone | -4.96% | -7.47% | 5.01% | |||
| Equity: Region – Latin America | -6.98% | -6.24% | 7.31% | |||
| Equity: Sector – Communication Services | 0.87% | |||||
| Equity: Sector – Consumer Discretionary | -4.86% | -4.21% | 1.17% | 4.77% | ||
| Equity: Sector – Consumer Staples | 1.55% | -1.56% | ||||
| Equity: Sector – Energy | -5.81% | -4.16% | 1.59% | |||
| Equity: Sector – Financials | -3.14% | -2.85% | 1.59% | 0.07% | 4.86% | |
| Equity: Sector – Health Care | 3.13% | 6.43% | -3.31% | -6.72% | ||
| Equity: Sector – Industrial | -3.35% | -7.07% | 3.35% | 5.49% | ||
| Equity: Sector – Information Technology | -11.12% | -16.82% | 11.69% | 17.58% | ||
| Equity: Sector – Materials | -1.09% | 0.81% | ||||
| Equity: Sector – Real Estate | -0.34% | -0.58% | 0.20% | 0.31% | 0.43% | |
| Equity: Sector – Utilities | -1.58% | -2.41% | 1.62% | |||
| Equity: Thematic – Disruptive Tech | -8.98% | -14.08% | 2.39% | 10.20% | 15.09% | |
| Equity: Thematic – Evolving Consumer | -4.83% | -10.94% | 10.55% | |||
| Equity: Thematic – FinTech | -14.57% | 7.78% | ||||
| Equity: Thematic – Industrial Revolution | -9.49% | |||||
| Equity: Thematic – Infrastructure | 3.26% | |||||
| Equity: Thematic – Midstream & MLPs | -0.48% | |||||
| Equity: Thematic – Multi-Sector | -9.38% | 4.48% | ||||
| Equity: Thematic – Natural Resources | -13.37% | |||||
| Equity: Thematic – Precious Metals | -8.33% | 7.58% | ||||
| Equity: U.S. Large Cap – Blend | -3.06% | -7.28% | 1.52% | 3.94% | 7.17% | |
| Equity: U.S. Large Cap – Growth | -8.73% | -9.31% | 3.19% | 5.74% | 9.49% | |
| Equity: U.S. Small Cap – Blend | -2.16% | -2.66% | 0.80% | 1.42% | 1.63% | |
| Fixed Income: Taxable – Government Intermediate | 1.41% | 2.14% | -0.63% | -1.30 | -2.01% | |
| Fixed Income: Taxable – Government Long | -0.25% | 1.92% | -0.54% | -1.15% | -1.81% | |
| Fixed Income: Taxable – High Yield | 0.12% | |||||
| Fixed Income: Taxable – Preferred Stock | -2.44% |
Top & Bottom 5 ETFs by Weekly Performance
Individual ETF performance was highlighted by ETHD (ProShares UltraShort Ether ETF), which surged to the top spot. Conversely, the UXRP and XRPT took the hardest hits, ranking as the two worst-performing funds for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ETHD | ProShares UltraShort Ether ETF | 27.84% |
| ETQ | T-Rex 2X Inverse Ether Daily Target ETF | 27.47% |
| SBIT | ProShares UltraShort Bitcoin ETF | 23.11% |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | 23.02% |
| BERZ | MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 19.81% |
| Bottom Performers | ||
| UXRP | ProShares Ultra XRP ETF | -27.80% |
| XRPT | Volatility Shares Trust XRP 2X ETF | -27.74% |
| XXRP | Teucrium 2x Long Daily XRP ETF | -27.61% |
| ETHT | ProShares Ultra Ether ETF | -24.87% |
| ETHU | 2x Ether ETF | -24.70% |
Analyzing the Weekly Flows
The channel attracted a massive $35.6 billion in net inflows this week. The Leverage | Inverse – Equity category was the clear favorite, bringing in $34.6 billion with total assets standing at $98.8 billion. Leverage | Inverse – Crypto also saw significant action with $820 million in inflows, while the Leverage | Inverse – Commodity category saw the largest outflows, shedding $37 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Equity | 192 | $98,780M | $34,631M | $34,032M | $28,590M | $24,947M | $24,703M |
| Leverage | Inverse – Crypto | 18 | $4,905M | $820M | $1,309M | $3,895M | $4,780M | $5,648M |
| Leverage | Inverse – Single Stock | 247 | $24,002M | $185M | $2,378M | $3,902M | $9,129M | $11,504M |
| Leverage | Inverse – Fixed Income | 14 | $5,151M | $15M | ($168M) | ($1,087M) | ($1,148M) | ($1,696M) |
| Leverage | Inverse – Commodity | 18 | $3,665M | ($37M) | ($282M) | $109M | $481M | $427M |
Top & Bottom 5 ETFs by 5-Day Flow
In terms of individual fund flows, TQQQ (ProShares UltraPro QQQ) dominated inflows, while SOXS (Direxion Daily Semiconductor Bear 3x Shares) and PSQ (ProShares Short QQQ) saw the heaviest outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| TQQQ | ProShares UltraPro QQQ | $14,102M |
| SQQQ | ProShares UltraPro Short QQQ | $7,996M |
| QLD | ProShares Ultra QQQ | $4,866M |
| SSO | ProShares Ultra S&P 500 | $3,044M |
| SDS | ProShares UltraShort S&P 500 | $1,121M |
| Outflows | ||
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | ($110M) |
| PSQ | ProShares Short QQQ | ($86M) |
| SARK | Tradr 1X Short Innovation Daily ETF | ($51M) |
| UGL | ProShares Ultra Gold | ($40M) |
| YANG | Direxion Daily FTSE China Bear 3X Shares | ($34M) |
Issuer League Table Update
ProShares and Direxion continue to dominate the landscape, holding the top two spots for market share. ProShares led the way in asset gathering with a staggering $34.3 billion in weekly inflows, while Volatility Shares experienced the largest weekly outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 107 | $63.54B | 46.54% |
| Direxion | 115 | $47.95B | 35.12% |
| GraniteShares | 38 | $7.70B | 5.64% |
| REX Microsectors | 19 | $6.18B | 4.52% |
| Volatility Shares | 6 | $3.13B | 2.29% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $34,343M |
| Direxion | $792M |
| GraniteShares | $171M |
| Outflows | |
| Volatility Shares | -$50M |
| Azoria | -$1M |
| VistaShares | -$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.
