Market Overview
For the week of Nov 09–Nov 13, 2026, the Dow Jones Industrial Average rose 2.07%, the S&P 500 advanced 2.51%, and the Nasdaq Composite gained 2.27%.
ETF market breadth skewed risk-on, with leveraged equity exposure broadly firmer while volatility-linked products lagged. Flows favored growth-sensitive vehicles as inverse complex saw pressure.
Top 5 US ETF Gainers
Defiance Daily Target 2X Long AVGO ETF (AVGX) jumped 37.80%. The fund targets two times the daily return of semiconductor and infrastructure software company Broadcom, and the move tracked the underlying stock's advance during the week.
Direxion Daily AMD Bull 2X Shares (AMUU) surged 37.77%. The ETF seeks two times the daily move of semiconductor company AMD, tracking the underlying shares' advance during the week.
AMD was in focus as Wall Street weighed the state of the AI trade and leadership among chipmakers.
Direxion Daily AVGO Bull 2X Shares (AVL) added 37.55%. This product amplifies, by two times, daily moves in Broadcom and rallied alongside the company's upswing.
GraniteShares 2x Long AMD Daily ETF (AMDL) gained 37.21%. The product magnifies, by two times, daily moves in AMD, and it climbed on the same upward impulse.
Leverage Shares 2X Long AMD Daily ETF (AMDG) advanced 36.33%. The fund targets two times the daily return of AMD, and the move mirrored the underlying stock's advance during the week.
Top 5 US ETF Losers
2x Long VIX Futures ETF (UVIX) tumbled 30.18%. The product targets two times exposure to VIX futures, and it slipped as implied volatility softened during the week.
Direxion Daily Semiconductors Bear 3x Shares (SOXS) slid 28.43%. The vehicle seeks three times the inverse of U.S. semiconductor equities, and it declined as the sector firmed during the week.
GraniteShares 2x Long BABA Daily ETF (BABX) dropped 26.23%. The ETF seeks two times the daily move of Chinese e-commerce and cloud company Alibaba, and it fell as the underlying shares retreated during the week.
Defiance Daily Target 2X Long MSTR ETF (MSTX) retreated 26.16%. The fund targets two times the daily return of bitcoin treasury company MicroStrategy, and it slid as the stock weakened during the week.
MicroStrategy drew scrutiny as coverage questioned whether its strategy was fully reflected in the stock.
T-Rex 2X Long MSTR Daily Target ETF (MSTU) slumped 25.80%. This product amplifies, by two times, daily moves in MicroStrategy and moved lower alongside the company's pullback.
Top 5 Equity Index ETFs
Direxion Daily FTSE China Bear 3X Shares (YANG) gained 13.51%. The fund seeks three times inverse exposure to large-cap Chinese equities and advanced as the segment weakened during the week.
ProShares UltraPro QQQ (TQQQ) added 10.39%. The ETF targets three times the weekly performance of the Nasdaq-100, and it benefited from the index's weekly strength.
ProShares UltraShort FTSE China 50 (FXP) climbed 9.79%. The vehicle provides two times inverse exposure to the FTSE China 50 and rose as the index retreated during the week.
iShares MSCI Taiwan ETF (EWT) advanced 9.12%. The fund tracks large- and mid-cap Taiwanese equities, and the gain mirrored the MSCI Taiwan benchmark's advance during the week.
Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) rose 7.43%. The ETF targets three times the weekly performance of the MSCI Emerging Markets index, and it climbed alongside broad emerging-market strength.
Top 5 Commodity ETFs
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) gained 12.82%. The fund seeks two times inverse exposure to gold miners and advanced as the group weakened during the week.
ProShares UltraShort Silver (ZSL) rose 12.52%. The ETF targets two times inverse exposure to silver and increased as the metal eased during the week.
DB Gold Double Short Exchange Traded Notes (DZZ) climbed 12.24%. The note provides two times inverse exposure to gold and gained as bullion softened during the week.
DB GOLD SHORT ETN (DGZ) added 11.74%. The note offers inverse exposure to gold and climbed as prices slipped over the week.
PROSHARES ULTRA ENERGY (DIG) advanced 10.50%. The fund seeks two times the performance of U.S. energy equities, and it strengthened alongside the sector's weekly gains.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) jumped 26.87%. The ETF targets three times the weekly performance of U.S. semiconductor equities and rallied with the group's strength.
Direxion Daily Energy Bull 2X ETF (ERX) gained 10.86%. The fund seeks two times the weekly performance of U.S. energy stocks, and it advanced as the sector firmed.
United States Natural Gas Fund LP (UNG) climbed 8.56%. The product tracks near-month natural gas futures, and the gain aligned with firmness in natural gas during the week.
Direxion Daily Financial Bull 3X ETF (FAS) added 7.63%. The ETF targets three times the weekly performance of U.S. financials and participated in the group's advance.
Energy Select Sector SPDR Fund (XLE) advanced 5.37%. The fund holds large U.S. energy companies, and the move reflected sector-wide gains during the week.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 0.92%. The fund invests in U.S. convertible securities, and the modest gain tracked steady weekly performance in the asset class.
SPDR Bloomberg Convertible Securities ETF (CWB) added 0.79%. The ETF holds a diversified portfolio of U.S. convertibles, and it edged higher over the week.
iShares Convertible Bond ETF (ICVT) gained 0.61%. The product focuses on U.S. convertible bonds, and it advanced modestly during the week.
SPDR Blackstone Senior Loan ETF (SRLN) increased 0.50%. The fund invests in floating-rate senior loans, and it inched higher during the week.
Invesco Senior Loan ETF (BKLN) rose 0.24%. The ETF holds U.S. senior loans, and it posted a small weekly gain.
Conclusion
Risk appetite favored equity-linked ETFs this week, with leveraged single-stock products tied to chipmakers pacing advances and volatility longs under pressure. Index and sector vehicles showed a tilt toward growth and energy, while inverse China exposures gained. Commodity shorts in precious metals firmed, contrasting with steady, smaller moves across convertibles and senior loans. Dispersion between leveraged long and inverse counterparts remained pronounced, particularly around semiconductors and volatility, underscoring the week’s leverage-driven swings.
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