Market Overview
For Sep 28 – Oct 02, 2026, the Dow Jones Industrial Average fell 1.26%, the S&P 500 slipped 0.27%, and the Nasdaq Composite rose 0.45%.
ETF market tone was mixed, with leveraged equity vehicles active and inverse strategies firming in select regions while commodity-linked products moved in divergent directions.
Top 5 US ETF Gainers
BREAKWAVE TANKER SHIPPING ETF (BWET) jumped 32.75%. The fund offers unlevered exposure to tanker shipping freight futures tied to crude and product carriers. It advanced as tanker freight benchmarks strengthened during the week.
MicroSectors Gold Miners -3x Inverse Leveraged ETN (GDXD) gained 17.09%. The vehicle seeks three times the daily inverse of U.S.-listed gold miners. It climbed as gold mining shares weakened during the week.
GraniteShares 2x Long CRWD Daily ETF (CRWL) surged 13.67%. The fund targets two times the daily return of cybersecurity company CrowdStrike Holdings. It rallied alongside the underlying stock’s advance over the week.
CrowdStrike CEO George Kurtz disclosed an insider sale of common shares.
Leverage Shares 2X Long ASML Daily ETF (ASMG) added 13.55%. The ETF seeks two times the daily move of semiconductor lithography supplier ASML Holding, tracking the underlying shares. It climbed as ASML advanced during the week.
ASML pointed to momentum in high-NA lithography as Intel reached a milestone in wafer processing.
T-REX 2X Long SpaceX Daily Target ETF (SPAX) advanced 13.27%. This product amplifies, by two times, daily moves in aerospace and satellite launch provider SpaceX. It rose as the underlying exposure firmed during the week.
Top 5 US ETF Losers
Defiance Daily Target 2X Long RIOT ETF (RIOX) tumbled 27.59%. The fund targets two times the daily return of bitcoin mining company Riot Platforms. It fell as Riot Platforms retreated during the week.
Riot Platforms drew attention as crypto mining stocks moved with bitcoin during the week.
AdvisorShares MSOX 2X Daily ETF (MSOX) slid 25.63%. The ETF seeks two times the daily performance of U.S. cannabis equities. It declined as cannabis stocks weakened this week.
CoreValues Alpha Greater China Growth ETF (CGRO) sank 21.64%. The fund provides unlevered exposure to Greater China growth equities. It fell alongside weakness across the strategy’s China-focused holdings.
MicroSectors Gold Miners 3x Leveraged ETN (GDXU) dropped 17.59%. The product magnifies, by three times, daily moves in U.S.-listed gold miners. It slid as gold mining shares retreated during the week.
GraniteShares 2X Long QCOM Daily ETF (QCML) fell 16.64%. The vehicle seeks two times the daily return of wireless chip designer Qualcomm. It declined as the underlying stock pulled back during the week.
Top 5 Equity Index ETFs
Direxion Daily FTSE China Bear 3X Shares (YANG) rose 6.91%. The fund seeks three times the daily inverse performance of the FTSE China 50, and it gained as Chinese large caps weakened during the week.
ProShares UltraShort FTSE China 50 (FXP) added 4.42%. The ETF provides two times inverse daily exposure to the FTSE China 50 Index and advanced as the benchmark softened.
ProShares UltraPro Short Dow30 ETF (SDOW) increased 4.13%. The fund targets three times the daily inverse return of the Dow Jones Industrial Average and gained as the index slipped this week.
iShares MSCI Brazil ETF (EWZ) climbed 3.72%. The fund tracks large- and mid-cap Brazilian equities, and the gain mirrored the MSCI Brazil benchmark’s advance during the week.
ProShares UltraShort Dow30 (DXD) rose 2.69%. The ETF offers two times inverse daily exposure to the Dow Jones Industrial Average and climbed as the blue-chip gauge eased.
Top 5 Commodity ETFs
Proshares Ultrashort Silver (ZSL) rallied 12.31%. The fund seeks two times the daily inverse performance of silver prices and advanced as the metal fell this week.
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) gained 10.89%. The ETF targets two times inverse daily exposure to gold mining shares and rose as the miners slumped during the week.
ProShares UltraShort Gold (GLL) climbed 6.96%. The product provides two times inverse exposure to gold, and it increased as bullion prices weakened.
ProShares Ultra Bloomberg Crude Oil (UCO) advanced 4.83%. The fund aims for two times the daily performance of Bloomberg crude oil futures and climbed as oil prices firmed during the week.
PROSHARES ULTRA ENERGY (DIG) added 2.55%. The ETF seeks two times the daily return of U.S. energy equities and increased as the sector strengthened this week.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) gained 8.10%. The fund targets three times the daily performance of U.S. semiconductor stocks and benefited from the group’s weekly strength.
Direxion Daily Financial Bear 3X ETF (FAZ) rose 7.88%. The ETF provides three times inverse daily exposure to U.S. financials and advanced as bank shares eased during the week.
Direxion Daily Real Estate Bear 3X Shares (DRV) increased 5.57%. The fund delivers three times inverse daily exposure to U.S. real estate equities and climbed as the property sector softened.
ProShares UltraShort Financials (SKF) added 5.27%. The product offers two times inverse daily exposure to U.S. financials and rose as the group weakened.
VanEck Semiconductor ETF (SMH) advanced 3.96%. The fund concentrates on large semiconductor manufacturers and participated in the week’s sector-wide strength.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 0.66%. The fund invests in convertible securities with an actively managed approach and edged higher with the asset class firming during the week.
Infracap REIT Preferred ETF (PFFR) gained 0.36%. The ETF holds preferred securities issued by REITs and advanced modestly as the segment steadied.
VanEck Preferred Securities ex Financials ETF (PFXF) increased 0.17%. The fund focuses on preferred securities excluding financial issuers and ticked higher as spreads held steady.
iShares 0-5 Year TIPS Bond ETF (STIP) inched up 0.11%. The ETF tracks short-dated Treasury Inflation-Protected Securities and moved slightly higher alongside the TIPS complex.
Invesco Ultra Short Duration ETF (GSY) edged up 0.10%. The fund targets ultra short duration investment-grade bonds and finished the week marginally higher.
Conclusion
Risk appetite in ETFs was uneven, with shipping and leveraged semiconductor products advancing while inverse China and precious-metals trades also found support. Single-stock leveraged vehicles showed notable dispersion, highlighted by gains tied to CrowdStrike and ASML alongside sharp losses linked to Riot Platforms and Qualcomm exposure. Cross-asset leadership tilted toward semiconductors and select commodities, and several inverse strategies outperformed as indices and sectors diverged. The week underscored pronounced gaps between leveraged longs and their inverse counterparts across themes covered above.
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