The following note is courtesy of Bespoke Investment Group, who are masterful at creating nice clean charts. As always, a good picture or chart can say a thousand words.
Below we highlight the year to date performance of the various leveraged and inverse ETFs. Out of the 112 that we track, 29 are up year to date while 83 are down. As shown below, the 2x long silver ETF (AGQ) is up the most at 65%. The 2x inverse long-term Treasury ETF (TBT) is up the 2nd most at 51%, followed by 2x technology (ROM), 2x Nasdaq 100 (QLD), and 2x basic materials (UYM).
The 3x inverse financials is down the most year to date with a big decline of 87.29%. Interestingly, the 3x long financials is also down big with a decline of 60%. This financial index that these two ETFs track is down 0.24% year to date. Go figure.
Source: Bespoke Investment Group
