Below we highlight the best and worst performing leveraged and/or inverse ETFs since the S&P 500 made its recent bottom on November 20th. With the S&P 500 up more than 20% since November 20th, there's no surprise that the entire list of the biggest gainers is made up of long ETFs, while all ETFs in the list of losers are inverse (short). As shown, the 3x smallcap ETF (TNA) is up the most since 11/20 at 82%, followed by 2x basic materials (UYM), 2x telecom (LTL), and 2x midcap growth (UKW).
On the downside, the 2x inverse real estate ETF (SRS) has declined the most at -78%. SRS is followed by 3x inverse financials (FAZ), 3x inverse smallcap (TZA), and 2x inverse China (FXP).
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