Top Performing Leveraged/Inverse ETFs: 08/31/2025

These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework.

CEFZ, which invests in various global assets to generate long-term growth and income, again tops the list for the fourth consecutive week with gains of ~56%. The CEFZ ETF has experienced an upward trend recently. A shift from a mutual fund to an ETF status is positively impacting its performance.

2. ETHD – ProShares UltraShort Ether ETF

ETHD, which tracks -2x the daily price movements of an index that measures the price of Ethereum ETF ranked second on the ETFs’ list with over 21% weekly gains. The recent dip in ether prices underscores the strong influence of macroeconomic indicators such as wholesale price data on the crypto market, as well as the Treasury Secretary’s statement that the U.S. has no plans to buy more crypto for its Bitcoin reserve.

3. MSOX – AdvisorShares MSOS Daily Leveraged ETF

MSOX, which seeks to achieve 2x the total daily return of the AdvisorShares Pure US Cannabis ETF (MSOS) through swap agreements, ranked third on the list with a ~21% weekly return. Marijuana stocks have generally been on the rise recently, driven by growing momentum for legalization, positive financial results from several cannabis firms, and potential federal rescheduling of marijuana.

4. BABX – GraniteShares 2x Long BABA Daily ETF

BABX, which provides 2x leveraged exposure to the daily price movement for shares of Alibaba Group Holding Limited stock, was one of the leveraged ETFs making the list with over 18% weekly gains. Alibaba’s stock climbed following a revenue surge, driven by China’s artificial intelligence (AI) boom.

5. SBIT – ProShares UltraShort Bitcoin ETF

SBIT, which tracks -2x the daily price movements of an index that measures the price of Bitcoin, was a crypto-focused fund on the list with a weekly gain of ~15%, after the July Producer Price Index (PPI) came in lower than expected. Historically, Bitcoin (BTC) has had a post-summer price pullback, and investors expect this September could follow a similar bearish pattern.

6. IONX – Defiance Daily Target 2X Long IONQ ETF

The Defiance Daily Target 2X Long IONQ ETF, which seeks daily leveraged investment results of two times the daily percentage change in the share price of IonQ Inc., was one of the levered ETFs last week. Following B. Riley’s initiation of coverage on IonQ with a “Buy” rating and a $61 price target on August 26, 2025, investor confidence in the company’s growth trajectory seems to have strengthened, contributing to the increase in its stock price. The shares also benefited from IONQ’s technological advancements and strategic partnerships.

7. GDXU – MicroSectors Gold Miners 3X Leveraged ETN

GDXU is a leveraged equity fund that provides 3x exposure to an index comprised of two of the largest gold miners’ ETFs, viz VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), that invest in the global gold mining industry. GDXU returned over 14% last week, driven by a weak dollar and hopes for a US Fed rate cut. Investors are also seeing rising prospects of this precious metal as a safe-haven asset amid economic uncertainty.

8. BOIL – ProShares Ultra Bloomberg Natural Gas
BOIL, the natural gas ETF, featured on the top-performing leveraged ETFs list and gained more than ~12% in the last week. Natural gas prices are climbing amid tighter US supplies.

9. SETH – ProShares Short Ether ETF
SETH is a fund designed to profit from a decline in Ether’s price, as it tracks the inverse of its underlying index’s daily price movements. This was another Ether-focused fund on the list with over 10% weekly gains.

10. JNUG – Direxion Daily Junior Gold Miners Index Bull 2x Shares

JNUG, which seeks to return 200% of the daily performance of the MVIS Global Junior Gold Miners Index, was another gold-focused ETF on the list of top-performing leveraged/inverse ETFs last week, returning ~10%.

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