Top Performing Leveraged/Inverse ETFs: 03/22/2026

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.

1. GDXD – MicroSectors Gold Miners -3X Inverse Leveraged ETNs

GDXD, which aims to provide 300% daily inverse exposure to a market-cap weighted index comprising two gold miners ETFs, topped the list. Precious metals’ prices dropped as a surging US dollar and higher Treasury yields curbed demand for non-yielding metals. Persistent inflation concerns, fueled by rising energy costs, led investors to bet on prolonged high interest rates, while many liquidated their positions to secure profits amidst broader market volatility.

2. DULL – MicroSectors Gold -3X Inverse Leveraged ETNs

DULL ETN provides 3x daily inverse leveraged exposure to the spot price of gold by tracking GLD and was another top-performing inverse fund with over 36% in weekly gains. Gold fell as a stronger dollar and rising yields dampened its appeal. Higher-for-longer interest rate fears and profit-taking amidst market volatility further pressured prices.

3. ZSL – ProShares UltraShort Silver

ProShares UltraShort Silver, ZSL, offers -2x daily leverage to silver prices and was one of the best-performing inverse ETFs last week. Silver prices retreated last week as a stronger dollar, rising Treasury yields, and profit-taking outweighed gains.

4. JDST – Direxion Daily Junior Gold Miners Index Bear 2X ETF

Direxion Daily Junior Gold Miners Index Bear 2X Shares or JDST, which seeks daily investment results of 200% of the inverse of the performance of the MVIS Global Junior Gold Miners Index, was another gold-focused top-performing inverse ETF, returning ~36% in the last week.

5. DUST – Direxion Daily Gold Miners Index Bear 2x ETF

DUST, which provides inverse levered exposure to Global Gold Miners, was another top inverse ETF returning ~32% last week amid a strong dollar and higher Treasury yields.

6. GLL – ProShares UltraShort Gold

GLL offers 2x daily shot leverage to the Gold bullion and was another gold ETF that featured on the levered list with over ~22% gains in the last week.

7. DZZ – Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts)

The DZZ ETF also featured on the Top Performing Inverse ETFs’ list with ~14.6% returns. Gold prices fell amid a surging US dollar and higher Treasury yields, making the metal more expensive and less attractive. Expectations of sustained high interest rates and widespread profit-taking by investors further accelerated the decline.

8. TSLQ – Tradr 2X Short TSLA Daily ETF

TSLQ provides inverse exposure to the daily price movement for shares of Tesla stock, was also present on the list of inverse ETFs with over ~12% weekly returns. Tesla (TSLA) share prices fell last week due to mounting regulatory pressure from an NHTSA investigation into Full Self-Driving (FSD) technology, a downgraded delivery forecast by UBS, and broader market worries over high interest rates and decreasing global EV demand.

9. DRV – Direxion Daily Real Estate Bear 3X ETF

The DRV ETF, which offers -3x daily leverage to an index of U.S. REITs, was one of the top-performing inverse ETFs returning over 12% last week. Persistent inflation and the Fed’s stance on holding rates steady have maintained high borrowing costs, reducing buyer affordability and demand.

10. NRGU – MicroSectors U.S. Big Oil 3 Leveraged ETN

NRGU, which tracks three times the performance of an index of US Oil & Gas companies, featured on the levered weekly list, returning ~12%. Oil and gas prices in the USA surged last week, primarily due to heightened conflict in the Middle East. Attacks on Iranian infrastructure and the resulting threats to close the Strait of Hormuz triggered massive supply disruption fears, pushing crude over $100 a barrel.

For more news, information, and analysis, visit the Leveraged & Inverse Content Hub.