Top Performing Leveraged/Inverse ETFs: 11/01/2020
November 03, 2020 at 10:05 AM EST
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. This election week the ProShares Ultra VIX Short-Term Futures ( UVXY B- ) dominated returns to the tune of 29% gains. Large-caps, oil, internet tech, and small-caps make up most of the rest of our top ten chart in a series of pairs. The outlier for the week is the ProShares UltraShort MSCI Brazil ( BZQ C+ ). While it may seem like a left field addition, Brazilian funds have struggled this past week, leaving the ultra short BZQ in a perfect position. This continues a trend we’ve seen YTD, though it is only in the past month that BZQ has made it into the black. Still, it’s not bad considering that a counter fund, the Direxion Daily Brazil Bull 2X Shares ( BRZU ), is down over 94% YTD.