Market Overview
The Dow Jones Industrial Average fell 1.66%, the S&P 500 slipped 1.04%, and the Nasdaq Composite retreated 1.13%, with all three benchmarks registering declines greater than 1% on the day.
Across ETFs, inverse equity index products advanced while commodity funds tied to silver and gold strengthened; sector funds showed defensives steadier than cyclicals, and Treasury-focused bond ETFs nudged higher, pointing to a cautious tone and rotation toward perceived havens.
Top 5 US ETF Gainers
Tradr 2X Long CRML Daily ETF (CRMX) climbed 27.19%. The fund targets twice the daily performance of Critical Metals, so its move reflects amplified exposure to that single stock’s session, consistent with its 2x leveraged design.
Leverage Shares 2X Long CRML Daily ETF (CRMU) added 26.80%. By delivering double the daily return of Critical Metals, this single‑stock ETF magnifies the underlying stock’s trajectory on a one‑day basis, a function of its embedded 2x leverage.
Leverage Shares 2X Long USAR Daily ETF (USGG) gained 17.96%. Structured to produce two times the daily return of USA Rare Earth, this single‑stock leveraged ETF delivered an outsized move in line with its mandate to amplify the target company’s day‑to‑day price action.
Tradr 2x Long USAR Daily ETF (USAX) advanced 17.67%. The product seeks to double the daily return of USA Rare Earth shares, and its performance mirrors both the underlying stock’s session and the fund’s 2x leverage that increases day‑to‑day swings.
Leverage Shares 2X Long BE Daily ETF (BEG) rose 17.59%. Designed to provide 2x the daily return of Bloom Energy, the ETF’s move represents a leveraged translation of the underlying stock’s performance over the trading day.
Top 5 US ETF Losers
Defiance Daily Target 2X Long NVO ETF (NVOX) slid 32.75%. This single‑stock fund is engineered to deliver 2x the daily return of Novo Nordisk; the sharp decline reflects the leveraged magnification of weakness in the underlying stock during the session.
Defiance Daily Target 2X Long LMND ETF (LMNX) fell 23.24%. By seeking twice the daily return of Lemonade, the ETF’s performance mechanically amplifies the stock’s intraday move, resulting in a larger setback than the underlying.
Tradr 2X Long DDOG Daily ETF (DOGD) retreated 22.39%. The fund’s objective is to provide 2x the daily performance of Datadog, and its leveraged structure translated a decline in the underlying shares into a steeper one‑day move.
Tradr 2X Long MDB Daily ETF (MDBX) declined 22.35%. Targeting two times the daily return of MongoDB, this single‑stock leveraged ETF delivered a magnified response to the underlying stock’s session.
Quantify 2X Daily Alt Season Crypto ETF (QXAS) decreased 21.30%. The fund provides 2x leveraged daily exposure to a basket of alternative cryptocurrencies, so weakness in its alt‑coin mix resulted in an amplified negative daily outcome by design.
Top 5 Equity Index ETFs
ProShares UltraPro Short Dow30 ETF (SDOW) rose 4.95%. This fund seeks three times the inverse of the Dow Jones Industrial Average’s daily return, so its performance is consistent with a sizable pullback in the price‑weighted blue‑chip benchmark.
Direxion Daily Small Cap Bear 3X Shares (TZA) gained 4.65%. The ETF targets 3x the inverse of the Russell 2000’s daily move, and its advance reflects pronounced weakness among small‑cap equities translated through triple inverse leverage.
ProShares UltraPro Short QQQ (SQQQ) advanced 3.68%. Designed to deliver 3x the inverse of the Nasdaq‑100’s daily return, the fund’s move mirrors pressure in large‑cap growth and technology names, amplified by its leveraged structure.
ProShares UltraShort Dow30 (DXD) added 3.31%. This 2x inverse Dow‑linked ETF is built to appreciate when the index softens, and the day’s showing aligns with its methodology that magnifies daily index declines.
ProShares UltraPro Short S&P500 ETF (SPXU) climbed 3.07%. By seeking 3x the inverse of the S&P 500’s daily performance, SPXU’s advance corresponds to a broader large‑cap pullback, with leverage increasing the scale of the move.
Top 5 Commodity ETFs
ProShares Ultra Silver (AGQ) surged 10.07%. The fund offers 2x leveraged daily exposure to silver prices, and the session reflected a sizable move in the underlying metal channeled through its daily leverage objective.
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) rose 7.76%. This product provides 2x daily exposure to gold mining equities, so a favorable session for miners translated into a larger move at the fund level given its leveraged approach.
DB Gold Double Long ETN (DGP) increased 5.87%. The exchange‑traded note targets twice the daily performance of gold bullion, and its gain is consistent with the metal’s firmness magnified by a 2x mandate.
ProShares Ultra Gold (UGL) advanced 5.33%. UGL delivers 2x leveraged daily exposure to gold, making its result a direct, amplified reflection of the day’s bullion price movement.
iShares Silver Trust (SLV) added 5.16%. As a physically backed silver vehicle, SLV’s performance mirrors spot silver, and the session’s strength in the metal flowed directly into the fund’s price.
Top 5 Industry ETFs
Direxion Daily Financial Bear 3x Shares (FAZ) climbed 9.86%. FAZ seeks triple the inverse of daily returns for U.S. financial stocks, so the fund’s strength corresponds to a pronounced sector pullback magnified by its 3x inverse structure.
ProShares UltraShort Financials (SKF) advanced 6.93%. This ETF targets 2x the inverse of a broad U.S. financials index on a daily basis; its move reflects weakness across banks and diversified financials transmitted through daily leverage.
Consumer Staples Select Sector SPDR Fund (XLP) firmed 1.23%. XLP holds large‑cap household goods, food, and beverage companies; its steadier profile is consistent with defensive sector characteristics in a risk‑averse session.
Health Care Select Sector SPDR Fund (XLV) added 1.10%. XLV’s diversified exposure to pharmaceuticals, biotech, and health‑care providers lends a defensive tilt that can show relative resilience during broader market pullbacks.
Direxion Daily Energy Bull 2x Shares (ERX) edged 1.04% higher. The ETF provides double‑leveraged daily exposure to U.S. energy equities; its advance reflects a constructive session for oil‑linked stocks, magnified by its 2x objective.
Top 5 Bond ETFs
SPDR Portfolio Long Term Treasury ETF (SPTL) gained 0.37%. Holding long‑duration U.S. Treasury securities, the fund’s modest advance aligns with its sensitivity to price moves at the far end of the curve.
iShares 20+ Year Treasury Bond ETF (TLT) increased 0.37%. TLT owns Treasuries maturing in more than 20 years, and its movement reflects long‑maturity bond price dynamics over the day.
iShares 7-10 Year Treasury Bond ETF (IEF) rose 0.36%. Concentrated in intermediate‑term Treasuries, IEF’s result corresponds to a small firming in mid‑duration government bond prices.
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) added 0.31%. With a focus on the intermediate segment of the U.S. Treasury market, SPTI’s advance mirrors incremental strength in that maturity bucket.
iShares U.S. Treasury Bond ETF (GOVT) advanced 0.30%. GOVT aggregates U.S. Treasury exposures across the curve, and its showing reflects broad‑based firmness in Treasury prices over the session.
Conclusion
ETF flows and price action presented a textbook risk‑off session, with inverse equity index funds such as ProShares UltraPro Short Dow30 (SDOW) and ProShares UltraPro Short S&P500 ETF (SPXU) registering leveraged gains, while precious‑metals vehicles led commodities, highlighted by ProShares Ultra Silver (AGQ) and ProShares Ultra Gold (UGL). Defensive sectors exhibited relative stability via Consumer Staples Select Sector SPDR Fund (XLP) and Health Care Select Sector SPDR Fund (XLV), in contrast to pressure across financials, where inverse funds including Direxion Daily Financial Bear 3x Shares (FAZ) and ProShares UltraShort Financials (SKF) benefited as Financial Select Sector SPDR Fund (XLF) faltered. Single‑stock leveraged ETFs were the day’s most volatile cohort in both directions, with outsized moves on names tied to Critical Metals (CRMX, CRMU) among winners and products linked to Novo Nordisk, Lemonade, Datadog, and MongoDB among laggards. Meanwhile, Treasury ETFs posted modest gains in keeping with a preference for higher‑quality duration. Overall, the pattern pointed to a rotation away from cyclicals and growth proxies toward metals‑linked commodities, defensives, and government bonds, with leverage amplifying those shifts across the single‑stock and inverse ETF segments.
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