Weekly Channel Summary
The Leverage | Inverse channel ended the week with $153 Billion in total assets across 521 ETFs from 27 issuers.
Flow activity remained robust, with the channel attracting approximately $1.14 Billion in net inflows over the past 5 days.
Year-to-date, the space has gathered $4.72 Billion, building on a strong 1-year trend of $5.10 Billion in net new assets.
This Week’s Performance Leaders and Laggards
Precious Metals and Cryptocurrencies dominated the performance landscape this week. The Equity: Thematic – Precious Metals category led the charge with a 12.55% return, followed closely by Digital Asset: Cryptocurrency – Bitcoin at 8.45%. On the downside, the Commodity: Focused – Energy category was flat to slightly negative (-0.03%).
Category Return Profiles
The table below highlights the return profiles for funds tracking top categories, showing the dispersion between the best and worst performing ETFs in each space.
| Category | Underlying WTD Return | Min Return | Max Return |
|---|---|---|---|
| Equity: U.S. Large Cap – Blend | 3.83% | HIBS (-17.40%) | HIBL (20.10%) |
| Digital Asset: Cryptocurrency – Bitcoin | 8.45% | ETQ (-20.90%) | XXRP (22.44%) |
| Equity: U.S. Small Cap – Blend | Null | SRTY (-15.20%) | TNA (17.05%) |
| Equity: Thematic – Disruptive Tech | 5.79% | AIBD (-12.63%) | QPUX (25.42%) |
| Equity: Sector – Energy | 1.21% | DRIP (-6.28%) | GUSH (6.58%) |
| Equity: U.S. Large Cap – Growth | 4.22% | SQQQ (-13.67%) | TQQQ (15.05%) |
| Equity: Sector – Information Technology | 4.76% | SOXS (-25.40%) | SOXL (30.48%) |
| Equity: Sector – Financials | 3.19% | FAZ (-8.86%) | FAS (9.57%) |
| Commodity: Focused – Precious Metals | 5.29% | ZSL (-23.24%) | AGQ (27.21%) |
| Equity: Sector – Health Care | 1.93% | LABD (-15.38%) | LABU (17.27%) |
| Equity: Sector – Industrial | 2.72% | SIJ (-5.11%) | TPOR (12.67%) |
Top & Bottom 5 ETFs by Weekly Performance
The LMBO (Direxion Daily Crypto Industry Bull 2X Shares) took the top spot this week with a 34.65% return, followed closely by gold miners funds. On the other side, JDST (Direxion Daily Junior Gold Miners Index Bear 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) were the worst performers.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| LMBO | Direxion Daily Crypto Industry Bull 2X Shares | 34.65% |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X Shares | 34.06% |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | 30.48% |
| AGQ | ProShares Ultra Silver | 27.21% |
| NUGT | Direxion Daily Gold Miners Index Bull 2x Shares | 26.79% |
| Bottom Performers | ||
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X Shares | -27.72% |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | -25.40% |
| ZSL | ProShares UltraShort Silver | -23.24% |
| DUST | Direxion Daily Gold Miners Index Bear 2x Shares | -23.01% |
| ETQ | T-Rex 2X Inverse Ether Daily Target ETF | -20.90% |
Analyzing the Weekly Flows
The channel saw a total net inflow of $1.12 Billion this week. The Leverage | Inverse – Single Stock category attracted the most capital, pulling in $551 Million (total AUM $26.9B). The Leverage | Inverse – Equity category also saw significant activity with $394 Million in inflows. Conversely, the Leverage | Inverse – Fixed Income category experienced the largest outflows, shedding $81 Million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Single Stock | 251 | $26,951M | $551M | $3,255M | $4,161M | $9,687M | $10,380M |
| Leverage | Inverse – Equity | 192 | $111,165M | $394M | $1,236M | ($4,300M) | ($8,389M) | ($8,965M) |
| Leverage | Inverse – Crypto | 18 | $5,537M | $170M | $484M | $2,459M | $4,068M | $4,897M |
| Leverage | Inverse – Commodity | 18 | $3,897M | $86M | ($43M) | $107M | $527M | $461M |
| Leverage | Inverse – Fixed Income | 14 | $5,258M | ($81M) | ($174M) | ($1,187M) | ($1,229M) | ($1,724M) |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the inflows was SQQQ (ProShares UltraPro Short QQQ), which gathered $262M. On the outflow side, SOXL (Direxion Daily Semiconductor Bull 3x Shares) and TNA (Direxion Daily Small Cap Bull 3x Shares) saw the largest exits.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SQQQ | ProShares UltraPro Short QQQ | $262M |
| UPRO | ProShares UltraPro S&P500 | $224M |
| SPXU | ProShares UltraPro Short S&P500 | $151M |
| PSQ | ProShares Short QQQ | $142M |
| BITX | 2x Bitcoin Strategy ETF | $125M |
| Outflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | ($238M) |
| TNA | Direxion Daily Small Cap Bull 3x Shares | ($119M) |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X Shares | ($85M) |
| DPST | Direxion Daily Regional Banks Bull 3X Shares | ($63M) |
| NUGT | Direxion Daily Gold Miners Index Bull 2x Shares | ($62M) |
Issuer League Table Update
ProShares and Direxion remain the dominant forces in the space, controlling 46.17% and 35.53% of the market share, respectively. ProShares led the way with the most inflows for the week ($956M), while Direxion saw the largest outflows (-$440M).
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 107 | $70.59B | 46.17% |
| Direxion | 120 | $54.31B | 35.53% |
| GraniteShares | 38 | $8.24B | 5.39% |
| REX Microsectors | 19 | $6.99B | 4.57% |
| Volatility Shares | 6 | $3.64B | 2.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $956M |
| Defiance | $201M |
| Volatility Shares | $176M |
| Outflows | |
| Direxion | ($440M) |
| T-Rex | ($16M) |
| Roundhill | ($1M) |
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.
