Market Overview

On Wednesday Nov 11, the Dow Jones Industrial Average gained 0.49%, the S&P 500 advanced 1.31%, and the Nasdaq Composite added 1.60%.

ETF market breadth was constructive, with leveraged equity products broadly firmer while inverse exposures eased. Flows favored growth-oriented themes amid strong moves in AI-linked areas.

Top 5 US ETF Gainers

Corgi CRWV 2x Daily ETF (CRWX) surged 49.90%. The fund targets two times the daily return of cloud infrastructure company CoreWeave, and it rallied as the underlying shares advanced.

CoreWeave stock surged as much as 25% on Wednesday after the neocloud infrastructure provider reported better-than-expected quarterly revenue and raised its revenue outlook, fueled by booming customer demand for AI compute capacity.

Tradr 2X Long CRWV Daily ETF (CWVX) climbed 49.50%. The ETF seeks two times the daily move of CoreWeave, tracking the underlying shares' advance during the session.

Leverage Shares 2X Long CRWV Daily ETF (CRWG) added 48.85%. This product amplifies, by two times, daily moves in CoreWeave and rallied alongside the company's upswing.

T-Rex 2X Long CRWV Daily Target ETF (CRWU) gained 48.29%. Designed to deliver two times the daily performance of CoreWeave, the ETF climbed as the stock extended gains.

T-REX 2X Long DJT Daily Target ETF (DJTU) jumped 42.36%. The product magnifies, by two times, daily moves in social media company Trump Media & Technology Group, and it advanced on the same upward impulse.

Top 5 US ETF Losers

T-REX 2X INVERSE CRWV DAILY TARGET ETF (CORD) retreated 49.57%. The vehicle seeks two times the inverse of CoreWeave, and it declined as the underlying exposure firmed intraday.

Tradr 2X Long LWLG Daily ETF (LWLX) slumped 38.86%. The fund targets two times the daily return of photonics materials company Lightwave Logic, and it fell as the underlying shares pulled back.

Tradr 2X Short AXTI Daily ETF (AXTQ) dropped 38.63%. The product provides two times inverse exposure to compound semiconductor wafer producer AXT, and it slid as the underlying stock strengthened.

Defiance Daily Target 2X Long VELO ETF (VELL) declined 38.50%. The ETF seeks two times the daily move of digital payments network Velo3D, tracking the underlying shares' retreat during the session.

Tradr 2X Short AAOI Daily ETF (AAOZ) retreated 31.69%. The vehicle seeks two times the inverse of photonic chip company Applied Optoelectronics, and it slipped as the underlying shares advanced.

Top 5 Equity Index ETFs

Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) gained 7.06%. The ETF targets three times the daily performance of the MSCI Emerging Markets index and benefited from the benchmark's intraday strength.

ProShares UltraPro QQQ (TQQQ) increased 6.86%. The fund seeks three times the daily move of the Nasdaq-100 and moved higher with the index.

iShares MSCI South Korea ETF (EWY) advanced 6.19%. The fund holds large- and mid-cap South Korean equities, and the gain mirrored the MSCI Korea benchmark's advance during the session.

iShares MSCI Taiwan ETF (EWT) added 5.82%. The product focuses on Taiwanese large- and mid-cap equities following the MSCI Taiwan index and participated in the day's gains.

ProShares Ultra QQQ ETF (QLD) climbed 4.64%. The ETF delivers two times daily exposure to the Nasdaq-100 and benefited from the index's strength.

Top 5 Commodity ETFs

DB Gold Double Short Exchange Traded Notes (DZZ) jumped 11.26%. The ETN offers two times inverse exposure to gold prices and rose as the metal softened.

DB GOLD SHORT ETN (DGZ) gained 9.78%. The ETN provides inverse exposure to gold prices and advanced as bullion eased.

PROSHARES ULTRA ENERGY (DIG) added 3.71%. The fund seeks two times daily returns of U.S. energy equities and climbed alongside the sector.

Direxion Daily Gold Miners Index Bear 2X Shares (DUST) increased 2.92%. The fund targets two times inverse exposure to the NYSE Arca Gold Miners index and rose as gold miners weakened.

VanEck Oil Services ETF (OIH) advanced 2.84%. The ETF concentrates on oilfield services and equipment companies and participated in the sector's strength.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 17.78%. The ETF targets three times the daily performance of U.S. semiconductor equities and rallied with chipmakers.

VanEck Semiconductor ETF (SMH) rose 4.82%. The fund concentrates on large semiconductor manufacturers and participated in the day's sector-wide strength.

Direxion Daily Energy Bull 2X ETF (ERX) gained 3.86%. The ETF seeks two times daily performance of U.S. energy stocks and advanced alongside the group.

Technology Select Sector SPDR Fund (XLK) climbed 3.23%. The fund holds large U.S. technology sector constituents and benefited from broad tech strength.

iShares U.S. Telecommunications ETF (IYZ) added 2.74%. The ETF focuses on U.S. telecommunications companies and moved higher with the industry.

Top 5 Bond ETFs

iShares Convertible Bond ETF (ICVT) rose 1.66%. The fund invests in U.S. convertible bonds and reflected firming risk appetite.

SPDR Bloomberg Convertible Securities ETF (CWB) advanced 1.62%. The ETF holds U.S. convertible securities and participated in the asset class's gains.

First Trust SSI Strategic Convertible Securities ETF (FCVT) gained 1.24%. The actively managed fund invests in global convertible securities and benefited from credit-sensitive momentum.

VanEck Preferred Securities ex Financials ETF (PFXF) added 0.85%. The ETF tracks preferred securities excluding financial issuers and moved with the space.

VanEck High Yield Muni ETF (HYD) increased 0.61%. The fund invests in high yield municipal bonds and edged higher with tax-exempt credit.

Conclusion

A risk-on tone dominated ETF trading, led by outsized gains in leveraged single-stock products tied to CoreWeave while the corresponding inverse product sank. Sector leadership skewed to semiconductors and energy, with gold inverses also firming as miners lagged. Equity index leverage amplified the advance in growth benchmarks, and convertibles and preferreds participated on the bond side. The session highlighted sharp dispersion between leveraged longs and their inverse counterparts linked to the same underlyings, underscoring the day’s leverage-driven volatility across products covered above.

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