Market Overview
For the week of Aug 10 – Aug 14, 2026, the Dow Jones Industrial Average fell 0.56%, the S&P 500 added 0.36%, and the Nasdaq Composite edged up 0.14%.
ETF market breadth leaned risk-on, with leveraged long products broadly firmer while inverse vehicles, particularly those tied to energy, declined.
Top 5 US ETF Gainers
Graniteshares 2x Long SMCI Daily ETF (SMCL) jumped 58.49%. The product magnifies, by two times, daily moves in server hardware company Super Micro Computer, and it jumped on the same upward impulse as the underlying shares advanced during the week.
Super Micro Computer drew elevated attention from investors this week, including research commentary contrasting it with Nebius Group.
Defiance Daily Target 2X Long SMCI ETF (SMCX) added 58.04%. Designed to deliver two times the daily performance of Super Micro Computer, the ETF rallied as the stock extended its weekly upswing.
BREAKWAVE TANKER SHIPPING ETF (BWET) gained 32.00%. The fund offers unlevered exposure to tanker-shipping freight rates via futures, and the advance tracked firmer pricing in that market over the week.
MICROSECTORS ENERGY 3X LEVERAGED ETN (WTIU) climbed 24.62%. The note targets three times the daily return of U.S. energy equities, and it increased as the sector strengthened during the week.
Direxion Daily MSCI South Korea Bull 3x Shares (KORU) advanced 24.42%. The vehicle seeks three times the daily performance of South Korean equities and rose alongside that market's weekly gains.
Top 5 US ETF Losers
MICROSECTORS ENERGY -3X INVERSE LEVERAGED ETN (WTID) fell 22.30%. The note provides three times inverse exposure to U.S. energy equities, and it slumped as the underlying group firmed over the week.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) declined 20.82%. The product seeks three times the inverse of U.S. oil and gas exploration and production stocks, and it retreated as the subsector strengthened during the week.
Defiance Daily Target 2X Long AVGO ETF (AVGX) sank 15.96%. The fund targets two times the daily return of semiconductor and infrastructure software company Broadcom Inc., and it slid as the shares weakened over the week.
Broadcom drew notable options activity this week that highlighted contrasting call positioning.
Direxion Daily AVGO Bull 2X Shares (AVL) dropped 15.83%. This product amplifies, by two times, daily moves in Broadcom, and it fell in step with the stock's weekly pullback.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) lost 15.81%. The ETF delivers two times inverse exposure to U.S. oil and gas exploration and production companies, and it slipped as those shares advanced during the week.
Top 5 Equity Index ETFs
Direxion Daily FTSE China Bear 3X Shares (YANG) gained 11.09%. The fund seeks three times inverse exposure to the FTSE China large-cap benchmark, and the move reflected weakness in Chinese equities during the week.
ProShares UltraShort FTSE China 50 (FXP) rose 8.81%. The ETF targets two times inverse performance of the FTSE China 50, and it advanced as the market eased.
iShares MSCI South Korea ETF (EWY) increased 8.22%. The fund holds large- and mid-cap South Korean equities, and the gain tracked that market's weekly advance.
iShares MSCI Taiwan ETF (EWT) added 3.86%. The vehicle holds large- and mid-cap Taiwanese equities and participated in the week's regional strength.
Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) advanced 3.70%. The ETF aims for three times the daily performance of emerging-market equities and rose with the benchmark's weekly climb.
Top 5 Commodity ETFs
PROSHARES ULTRA ENERGY (DIG) jumped 15.66%. The fund targets two times the daily performance of U.S. energy equities, and it rallied as the group strengthened during the week.
Oil prices firmed during the week amid broader market crosscurrents.
ProShares Ultra Bloomberg Crude Oil (UCO) rose 11.92%. The ETF delivers two times the daily move of WTI crude oil futures, and it advanced as oil prices firmed during the week.
VanEck Oil Services ETF (OIH) gained 8.51%. The fund concentrates on U.S. oilfield services and equipment companies, and the increase echoed strength across energy services shares.
United States Oil Fund LP (USO) climbed 7.31%. The vehicle offers exposure to front-month WTI crude oil futures, and it moved higher alongside the commodity's weekly improvement.
DB GOLD DOUBLE LONG EXCH TRADED NOTES (DGP) added 4.90%. The note provides two times long exposure to gold, and it increased as the metal firmed during the week.
Gold attracted renewed interest from cryptocurrency-focused investors this week.
Top 5 Industry ETFs
Direxion Daily Energy Bull 2x Shares (ERX) advanced 15.48%. The fund seeks two times the daily performance of U.S. energy equities, and it benefited from the sector's weekly strength.
Energy Select Sector SPDR Fund (XLE) rose 7.67%. The ETF holds large-cap U.S. energy companies, and the move matched the group's advance.
Invesco DB Commodity Index Tracking Fund (DBC) added 3.77%. The fund provides diversified exposure to a basket of commodity futures, and it gained as the complex firmed.
Direxion Daily Semiconductors Bull 3x Shares (SOXL) climbed 3.35%. The vehicle pursues three times the daily move of U.S. semiconductor manufacturers and participated in the industry's weekly improvement.
Direxion Daily Financial Bull 3x Shares (FAS) increased 2.77%. The ETF aims for three times the daily performance of U.S. financials, and it advanced as the sector edged higher.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 3.07%. The fund invests in U.S. convertible bonds across sectors, and it advanced as the asset class firmed during the week.
iShares Convertible Bond ETF (ICVT) gained 2.86%. The ETF holds U.S. convertible securities, and it moved higher in step with the segment's strength.
SPDR Bloomberg Convertible Securities ETF (CWB) added 2.64%. The fund holds a broad portfolio of U.S. convertible bonds, and it increased amid supportive conditions for hybrids.
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) increased 1.53%. The ETF holds income-oriented U.S. preferred shares, and it edged higher with the category.
VanEck Preferred Securities ex Financials ETF (PFXF) rose 1.33%. The fund focuses on preferred securities outside the financial sector, and it climbed with the group during the week.
Conclusion
Risk appetite characterized ETF flows and performance this week, with leveraged single-stock products tied to Super Micro Computer leading advances while inverse energy notes fell sharply. Index bear funds linked to China outperformed even as South Korea-focused vehicles climbed, and oil-sensitive commodity and equity funds strengthened in tandem. Convertible and preferred products posted steady gains, rounding out cross-asset leadership. Divergences between leveraged longs and inverse counterparts, including those tied to Broadcom and energy, underscored the volatility inherent in geared structures covered above.
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