Weekly Channel Summary
The Leverage | Inverse ETF channel currently tracks 569 ETFs across 25 brands, managing approximately $158 billion in total Assets Under Management (AUM). This past week saw significant net outflows of -$2.44B, bringing year-to-date flows to -$2.81B. Over the trailing 1-year period, the category has experienced total net outflows of -$15.46B.
This Week’s Performance Leaders and Laggards
Performance across the Leverage and Inverse space showed notable dispersion. Thematic equity plays led the upside, driven by the Disruptive Tech category (+9.59% WTD), Evolving Consumer (+8.45%), and Information Technology (+8.25%). On the flip side, Energy-related exposures struggled the most, with Commodity: Focused – Energy dropping -4.41%, closely followed by Equity: Sector – Energy at -3.45% and Thematic – Midstream & MLPs at -2.99%. This highlights strong risk-on momentum in tech while energy positions faced near-term headwinds.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the Defiance 2X Daily Long Pure Quantum ETF (QPUX), soaring an impressive 101.90%. On the downside, the two worst-performing funds were the MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and the MicroSectors Travel -3x Inverse Leveraged ETN (FLYD), which tumbled -26.34% and -25.91%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| QPUX | Defiance 2X Daily Long Pure Quantum ETF | 101.90% |
| BULZ | MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 32.59% |
| FLYU | MicroSectors Travel 3x Leveraged ETN | 31.17% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 30.89% |
| TARK | AXS 2X Innovation ETF Fund | 29.94% |
| Bottom Performers | ||
| BERZ | MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -26.34% |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETN | -25.91% |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -21.65% |
| TECS | Direxion Daily Technology Bear 3X ETF | -21.59% |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -20.72% |
Analyzing the Weekly Flows
Overall, the Leverage | Inverse channel witnessed total net outflows of -$2.44B this week. Despite the broad outflows, the Crypto category gathered the most assets, bringing in $101M to reach a total AUM of $4.03B. Another bright spot was seen in longer term Single Stock and Commodity flows. Conversely, the broad Equity category bore the brunt of the selling pressure, suffering the largest outflows with -$2.16B exiting the space.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Crypto | 22 | $4,030M | $101M | $222M | $1,089M | $1,013M | $5,012M |
| Leverage | Inverse – Commodity | 16 | $5,915M | -$15M | $175M | $1,493M | $2,212M | $3,149M |
| Leverage | Inverse – Fixed Income | 15 | $3,623M | -$94M | -$153M | -$746M | -$943M | -$1,712M |
| Leverage | Inverse – Single Stock | 318 | $30,057M | -$270M | $334M | $4,246M | $3,481M | $6,303M |
| Leverage | Inverse – Equity | 192 | $113,942M | -$2,158M | -$4,441M | -$4,304M | -$8,592M | -$28,235M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the pack for weekly creations was the ProShares UltraPro Short QQQ (SQQQ), which hauled in $812M. Meanwhile, the most significant redemptions hit semiconductor and broad tech exposure, with the Direxion Daily Semiconductor Bull 3X ETF (SOXL) bleeding -$2.77B and the ProShares UltraPro QQQ (TQQQ) seeing outflows of -$1.46B.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SQQQ | ProShares UltraPro Short QQQ | $812M |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | $697M |
| QLD | ProShares Ultra QQQ | $667M |
| SSO | ProShares Ultra S&P 500 | $534M |
| SPXU | ProShares UltraPro Short S&P500 | $137M |
| Outflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | -$2,770M |
| TQQQ | ProShares UltraPro QQQ | -$1,456M |
| SPXL | Direxion Daily S&P 500 Bull 3X ETF | -$150M |
| UPRO | ProShares UltraPro S&P500 | -$149M |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | -$133M |
Issuer League Table Update
The Leverage | Inverse space remains highly concentrated, with the top two issuers, ProShares and Direxion, controlling roughly 46.7% and 34.1% of the market share, respectively. ProShares had the best week for asset gathering, taking in $415M. On the other end of the spectrum, Direxion faced the steepest redemptions, losing -$2.48B in net outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 107 | $73.61B | 46.71% |
| Direxion | 118 | $53.70B | 34.08% |
| GraniteShares | 39 | $7.67B | 4.87% |
| REX Microsectors | 19 | $7.58B | 4.81% |
| Tradr | 63 | $4.59B | 2.91% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $415M |
| Tradr | $175M |
| Volatility Shares | $60M |
| Outflows | |
| Leverage Shares | -$49M |
| GraniteShares | -$523M |
| Direxion | -$2,475M |
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.
