We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Leveraged ETF Winners Amid Wall Street's Worst Week Since 2020
Read MoreHide Full Article
U.S. markets stumbled massively last week as renewed trade tensions and inflation concerns rattled investors. The S&P 500 declined 8.2%, recording its worst weekly performance since 2020. The Dow Jones Industrial Average nosedived over 7% and officially entering correction territory. The Nasdaq Composite sank 8.6%, closing in bear market territory.
China Retaliates with New Tariffs
The selloff worsened following news that China will impose a 34% tariff on all US products starting April 10, parallelling the additional 34% tariff the Trump administration had announced on Apr. 2, 2025. The move heightened fears of a prolonged global trade war, with investors fearing trade retaliations rather than negotiations.
Investors Seek Safety in Treasury Bonds
Amid the market chaos, investors sought refuge in government bonds. The 10-year Treasury yielddropped to 3.9%, approaching its lowest level since October, reflecting growing concern over economic uncertainty.
Wining ETFs of the Week
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week.
Due to the stock market chaos, volatility spiked. Barclays iPath Series B S P 500 VIX Short Term Futures ETN Series B (VXX - Free Report) jumped 37.7% over the past week. The Long VIX Futures Index expresses the daily performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The expense ratio of the ETF is 1.77% annually.
The underlying ICE Semiconductor Index measures the performance of the semiconductor sub-sector of the U.S. equity market. The expense ratio of the ETF is 1.03% annually.
MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN (NRGD - Free Report) – Up 55.9%
Due to the recessionary fears, Big Oil stocks slumped. The underlying Solactive MicroSectors U.S. Big Oil Index is an equal-dollar weighted index that provides exposure to the 10 largest U.S. energy and oil companies. The fund charges 95 bps in fees.
MAX Airlines -3X Inverse Leveraged ETNs (JETD - Free Report) – Up 50.2%
Airlines stocks also slumped due to fears of a global slowdown. The underlying Prime Airlines Index includes stocks of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations. The fund charges 95 bps in fees.
Due to the retrenchment in risk-on sentiment, high-growth biotech stocks took a beating. The S&P Biotechnology Select Industry Index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS). The fund charges 110 bps in fees.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Leveraged ETF Winners Amid Wall Street's Worst Week Since 2020
U.S. markets stumbled massively last week as renewed trade tensions and inflation concerns rattled investors. The S&P 500 declined 8.2%, recording its worst weekly performance since 2020. The Dow Jones Industrial Average nosedived over 7% and officially entering correction territory. The Nasdaq Composite sank 8.6%, closing in bear market territory.
China Retaliates with New Tariffs
The selloff worsened following news that China will impose a 34% tariff on all US products starting April 10, parallelling the additional 34% tariff the Trump administration had announced on Apr. 2, 2025. The move heightened fears of a prolonged global trade war, with investors fearing trade retaliations rather than negotiations.
Investors Seek Safety in Treasury Bonds
Amid the market chaos, investors sought refuge in government bonds. The 10-year Treasury yielddropped to 3.9%, approaching its lowest level since October, reflecting growing concern over economic uncertainty.
Wining ETFs of the Week
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week.
2x Long VIX Futures ETF (UVIX - Free Report) – Up 95.8%
Due to the stock market chaos, volatility spiked. Barclays iPath Series B S P 500 VIX Short Term Futures ETN Series B (VXX - Free Report) jumped 37.7% over the past week. The Long VIX Futures Index expresses the daily performance of a theoretical portfolio of first and second month VIX futures contracts that are rolled daily. The expense ratio of the ETF is 1.77% annually.
Direxion Daily Semiconductor Bear 3x Shares (SOXS - Free Report) – Up 58.1%
The underlying ICE Semiconductor Index measures the performance of the semiconductor sub-sector of the U.S. equity market. The expense ratio of the ETF is 1.03% annually.
MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN (NRGD - Free Report) – Up 55.9%
Due to the recessionary fears, Big Oil stocks slumped. The underlying Solactive MicroSectors U.S. Big Oil Index is an equal-dollar weighted index that provides exposure to the 10 largest U.S. energy and oil companies. The fund charges 95 bps in fees.
MAX Airlines -3X Inverse Leveraged ETNs (JETD - Free Report) – Up 50.2%
Airlines stocks also slumped due to fears of a global slowdown. The underlying Prime Airlines Index includes stocks of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations. The fund charges 95 bps in fees.
Direxion Daily S&P Biotech Bear 3x Shares (LABD - Free Report) – Up 44.6%
Due to the retrenchment in risk-on sentiment, high-growth biotech stocks took a beating. The S&P Biotechnology Select Industry Index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS). The fund charges 110 bps in fees.