Top Performing Leveraged/Inverse ETFs: 10/18/2020
October 20, 2020 at 11:08 AM EDT
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. Interestingly, this week had two funds making our list with bets based against the Australian and U.S. Dollars. The VelocityShares Daily 4x Long USD vs AUD ETN ( DAUD ) gives investors a 4x inverse rate, while the ProShares UltraShort Australian Dollar ( CROC A ) returns a 2x rate. Both funds seek to short the AUD in hopes of a strengthening USD. We also had pairs of precious metals funds, oil funds and real estate funds. The pair-less Direxion Daily China 3x Bull Shares ( YINN B ), while making our list for top returns, unfortunately didn’t fare so well with investors, as the fund lost just over $20 million in assets last week.