Weekly Channel Summary
The Leverage & Inverse channel encompasses 791 ETFs from 27 issuers, with total assets under management standing at $176.61 billion. The channel experienced a net outflow of $336 million for the week, though it remains positive on the year. Year-to-date net flows total $6.07 billion, with the one-year figure slightly higher at $6.25 billion.
This Week’s Performance Leaders and Laggards
Single-stock products delivered the strongest returns this week, with the category jumping 9.09%. This group has more than doubled year-to-date, posting a remarkable 103.35% gain. On the other end of the spectrum, Leverage & Inverse Commodity products were the worst performers, declining by 1.20%, while Fixed Income products also ended the week in negative territory.
Top & Bottom 5 ETFs by Weekly Performance
The week’s top performer was the MicroSectors 3x Long Brazil ETNs (BRZL), which surged 19.36%. Volatility in the memory chip sector was evident as DRAM-focused funds appeared on both the top and bottom performance lists. The worst-performing fund was the T-REX 2X Inverse DRAM Daily Target ETF (RAMZ), which plummeted 14.78% over the period.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BRZL | MicroSectors 3x Long Brazil ETNs | 19.36% |
| RAML | Leverage Shares 2X Long Memory Daily ETF | 13.29% |
| RAM | Roundhill T-REX 2X Long DRAM Daily Target ETF | 13.28% |
| DRAL | Defiance Daily Target 2X Long DRAM ETF | 13.15% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 13.00% |
| Bottom Performers | ||
| RAMZ | T-REX 2X Inverse DRAM Daily Target ETF | -14.78% |
| WXET | Teucrium 2x Daily Wheat ETF | -12.74% |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -12.25% |
| FLYU | MicroSectors Travel 3x Leveraged ETN | -11.40% |
| TPEI | MicroSectors -3x Short Taiwan ETNs | -11.09% |
Analyzing the Weekly Flows
Despite a net channel outflow of $336 million, investor demand varied significantly across categories. Leverage & Inverse Equity products were the most popular, attracting $364 million in new assets, followed by Commodity products which added $103 million. These inflows were overshadowed by a massive $803 million withdrawal from the Single Stock category, indicating a significant rotation away from individual name bets.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Equity | 233 | $131.92B | $364M | $158M | $9,521M | -$10,259M | -$18,213M |
| Leverage | Inverse – Commodity | 22 | $4.64B | $103M | $419M | -$10M | $6,023M | $6,729M |
| Leverage | Inverse – Crypto | 28 | $3.88B | $33M | -$34M | $62M | $1,331M | $4,239M |
| Leverage | Inverse – Fixed Income | 19 | $2.99B | -$33M | -$68M | -$207M | -$1,282M | -$2,555M |
| Leverage | Inverse – Single Stock | 489 | $33.20B | -$803M | -$1,859M | $2,891M | $10,256M | $16,051M |
Top & Bottom 5 ETFs by 5-Day Flow
The ProShares Ultra S&P 500 (SSO) led all funds, pulling in $221 million in fresh capital. In contrast, the week’s outflows were concentrated in single-stock products, reflecting the broader category trend. The Tradr 2X Long SNDK Daily ETF (SNXX) saw the largest redemption at $229 million, followed by the Direxion Daily TSLA Bull 2X ETF (TSLL), which shed $157 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SSO | ProShares Ultra S&P 500 | $221M |
| SCO | ProShares UltraShort Bloomberg Crude Oil | $154M |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | $141M |
| SPXL | Direxion Daily S&P 500 Bull 3X ETF | $114M |
| MULL | GraniteShares 2x Long MU Daily ETF | $109M |
| Outflows | ||
| SNXX | Tradr 2X Long SNDK Daily ETF | -$229M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$157M |
| TQQQ | ProShares UltraPro QQQ | -$145M |
| MUU | Direxion Daily MU Bull 2X ETF | -$143M |
| TECL | Direxion Daily Technology Bull 3X ETF | -$118M |
Issuer League Table Update
ProShares and Direxion continue to dominate the Leverage & Inverse landscape, commanding 46.55% and 34.40% of the market share, respectively. ProShares also led the weekly issuer league table for inflows, attracting a net $329 million. Conversely, its primary competitor, Direxion, experienced the largest outflows among all issuers, with investors pulling a net $294 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 113 | $82.22B | 46.55% |
| Direxion | 125 | $60.76B | 34.40% |
| GraniteShares | 44 | $8.71B | 4.93% |
| REX Microsectors | 32 | $8.35B | 4.73% |
| Tradr | 83 | $4.67B | 2.64% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $329M |
| Volatility Shares | $28M |
| Cambria | $9M |
| Outflows | |
| Direxion | -$294M |
| Tradr | -$135M |
| GraniteShares | -$114M |
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.
