Leveraged ETF Performance During the Rally

Below we highlight the 25 best and worst performing leveraged ETFs during the market rally that began on March 9th.  With the S&P 500 up more than 25% since the low, added leverage makes for some huge gains or losses.  As shown, FAS, RFL, TNA, and UYG are all up more than 100%.  And obviously, all of the leveraged inverse ETFs have gotten crushed, with the 3x inverse financial ETF (FAZ) falling the most at -87%.