Top Performing Leveraged/Inverse ETFs: 10/25/2020
October 27, 2020 at 10:01 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. Like its non-geared brethren, the stand out fund for last week focused on regional banks: the Direxion Daily Regional Banks Bull 3X Shares ETF ( DPST ) . While this week saw a plethora of single country funds with high returns, its notable that the second best performer was a regional fund. The Direxion Daily Latin America 3x Bull Shares ETF’s ( LBJ C+ ) index covers 70% of the market capitalization of five countries: Brazil, Mexico, Chile, Peru, and Colombia. The allocation to Mexico seems to have played a major part in this week’s high returns, as LBJ’s performance was followed closely by the Direxion Daily MSCI Mexico Bull 3X Shares ( MEXX ).