Weekly Channel Summary
The Leverage | Inverse channel ended the week with $147B in assets across 533 ETFs and 24 issuers. The channel pulled in $2.28B in inflows over the last 5 days, bringing the year-to-date total to $4.28B.
This Week’s Performance Leaders and Laggards
Performance across the Leverage | Inverse channel was defined by sharp divergence this week, particularly within the commodity and thematic segments. Precious Metals funds topped the leaderboard with a robust 3.43% average return, led by aggressive buying in silver strategies which saw outliers gaining over 17%. On the flip side, the Energy complex faced significant headwinds, dropping -3.06% as bullish oil funds suffered steep double-digit declines. Digital assets also struggled, with Bitcoin strategies retreating -2.44% to anchor the bottom of the rankings alongside Latin America (-2.47%). Outside of these volatile pockets, core equity sectors saw more contained action; Disruptive Tech (+1.31%) and Consumer Discretionary (+0.96%) posted modest gains, diverging from interest-rate sensitive areas like Real Estate (-1.01%) and Utilities (-0.52%) which drifted into negative territory.
Top & Bottom 5 ETFs by Weekly Performance
The top performer this week was ProShares Ultra Silver (AGQ), while AdvisorShares MSOS Daily Leveraged ETF (MSOX) and ProShares UltraShort Silver (ZSL) were the bottom two performers.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AGQ | ProShares Ultra Silver | 17.88% |
| NRGD | MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN | 13.96% |
| KOLD | ProShares UltraShort Bloomberg Natural Gas | 12.60% |
| WTID | MicroSectors Energy 3X Inverse Leveraged ETNs | 11.25% |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | 9.72% |
| Bottom Performers | ||
| MSOX | AdvisorShares MSOS Daily Leveraged ETF | -38.72% |
| ZSL | ProShares UltraShort Silver | -17.04% |
| NRGU | MicroSectors U.S. Big Oil 3 Leveraged ETN | -14.52% |
| BOIL | ProShares Ultra Bloomberg Natural Gas | -12.24% |
| WTIU | MicroSectors Energy 3X Leveraged ETNs | -12.17% |
Analyzing the Weekly Flows
The channel saw $2.28B in net inflows this week. Leverage | Inverse – Equity led with $1.78B (AUM $106.01B). Leverage | Inverse – Single Stock also saw significant inflows ($342M), while Leverage | Inverse – Fixed Income saw the largest outflows (-$30M).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Equity | 191 | $106,013M | $1,780M | ($1,222M) | ($2,907M) | ($10,193M) | ($9,159M) |
| Leverage | Inverse – Single Stock | 276 | $26,847M | $342M | $1,189M | $5,992M | $10,403M | $11,219M |
| Leverage | Inverse – Commodity | 18 | $4,746M | $108M | $446M | $412M | $898M | $910M |
| Leverage | Inverse – Crypto | 18 | $4,839M | $77M | $490M | $2,607M | $4,461M | $4,562M |
| Leverage | Inverse – Fixed Income | 15 | $4,880M | ($30M) | ($157M) | ($536M) | ($1,295M) | ($1,262M) |
Top & Bottom 5 ETFs by 5-Day Flow
Inflows were led by Direxion Daily Semiconductor Bull 3x Shares (SOXL), while Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Direxion Daily S&P 500 Bull 3x Shares (SPXL) saw the largest outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | $1,438M |
| TQQQ | ProShares UltraPro QQQ | $547M |
| BOIL | ProShares Ultra Bloomberg Natural Gas | $151M |
| UPRO | ProShares UltraPro S&P500 | $97M |
| ETHU | 2x Ether ETF | $85M |
| Outflows | ||
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | ($175M) |
| SPXL | Direxion Daily S&P 500 Bull 3x Shares | ($80M) |
| TZA | Direxion Daily Small Cap Bear 3x Shares | ($77M) |
| DPST | Direxion Daily Regional Banks Bull 3X Shares | ($61M) |
| NUGT | Direxion Daily Gold Miners Index Bull 2x Shares | ($45M) |
Issuer League Table Update
ProShares and Direxion remain the dominant issuers, controlling 46.12% and 35.66% of the market respectively. ProShares led inflows with $737M, while Simplify saw outflows of -$2M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 107 | $67.96B | 46.12% |
| Direxion | 120 | $52.54B | 35.66% |
| GraniteShares | 39 | $7.61B | 5.17% |
| REX Microsectors | 19 | $7.15B | 4.85% |
| Volatility Shares | 6 | $3.14B | 2.13% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $737M |
| Direxion | $566M |
| T-Rex | $555M |
| Outflows | |
| VistaShares | ($1M) |
| Simplify | ($2M) |
| Tuttle Capital | ($2M) |
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.
