Market Overview

For Nov 02 – Nov 06, 2026, the Dow Jones Industrial Average fell 0.94%, the S&P 500 lost 2.68%, and the Nasdaq Composite declined 3.37%.

ETF market breadth skewed defensive, with several inverse and bear-leveraged vehicles outperforming while leveraged long products broadly lagged.

Top 5 US ETF Gainers

Defiance Daily Target 2X Long RIOT ETF (RIOX) surged 61.14%. The fund targets two times the daily return of bitcoin mining company Riot Platforms. It rallied as the underlying shares advanced during the week.

Riot Platforms rose after an earnings beat and after analysts raised price targets.

MICROSECTORS ENERGY -3X INVERSE LEVERAGED ETN (WTID) jumped 45.19%. The note provides three times inverse exposure to U.S. energy equities. It climbed as the sector softened during the week.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) gained 42.67%. This product delivers three times inverse exposure to U.S. oil and gas exploration and production companies. It advanced as exploration and production shares weakened over the week.

MicroSectors Gold Miners 3x Leveraged ETN (GDXU) added 41.95%. The vehicle seeks three times the return of a gold miners index. It rose alongside a weekly advance in gold mining equities.

Direxion Daily Semiconductors Bear 3x Shares (SOXS) climbed 36.23%. The ETF targets three times the daily inverse performance of U.S. semiconductor shares. It increased as the semiconductor group pulled back during the week.

Top 5 US ETF Losers

Direxion Daily MU Bull 2X Shares (MUU) tumbled 42.77%. The fund targets two times the daily return of memory chip manufacturer Micron Technology. It sank as the company's stock retreated during the week.

Micron Technology saw gains amid a rebound in chip stocks.

GraniteShares 2x Long MU Daily ETF (MULL) declined 42.70%. The ETF seeks two times the daily move of Micron Technology. It fell in step with the company's weekly pullback.

GraniteShares 2X Long DELL Daily ETF (DLLL) dropped 42.49%. This product amplifies, by two times, daily moves in computer and enterprise hardware company Dell Technologies. It slid as the underlying shares weakened during the week.

Direxion Daily Semiconductors Bull 3x Shares (SOXL) lost 40.34%. The fund targets three times the daily performance of U.S. semiconductor equities. It retreated as the chip sector softened during the week.

MicroSectors Gold Miners -3x Inverse Leveraged ETN (GDXD) sank 36.03%. The note offers three times inverse exposure to gold mining equities. It declined as gold miners strengthened over the week.

Top 5 Equity Index ETFs

Direxion Daily FTSE China Bull 3X Shares (YINN) advanced 16.73%. The ETF targets three times the daily performance of the FTSE China benchmark. It benefited from the index's weekly strength.

ProShares UltraPro Short QQQ (SQQQ) gained 14.03%. The fund provides three times inverse exposure to the Nasdaq-100. It rose as the Nasdaq-100 weakened during the week.

ProShares Ultra FTSE China 50 (XPP) added 11.06%. The ETF seeks two times the return of the FTSE China 50. It climbed as large-cap Chinese shares advanced on the week.

KraneShares CSI China Internet ETF (KWEB) increased 9.41%. The fund concentrates on Chinese internet platforms and online service providers. It participated in the group's weekly upswing.

ProShares UltraShort QQQ (QID) rose 9.41%. The ETF offers two times inverse exposure to the Nasdaq-100. It firmed as the index fell during the week.

Top 5 Commodity ETFs

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) surged 27.71%. The fund seeks two times the daily performance of an index of global gold miners. It rallied as gold mining shares advanced over the week.

ProShares UltraShort Energy (DUG) climbed 27.52%. The ETF provides two times inverse exposure to U.S. energy equities. It gained as the energy sector softened during the week.

ProShares UltraShort Bloomberg Crude Oil (SCO) advanced 19.94%. The fund targets two times inverse exposure to crude oil futures as represented by the Bloomberg benchmark. It rose as crude oil prices eased during the week.

VanEck Gold Miners ETF (GDX) gained 13.63%. The fund holds large and mid-cap gold mining companies. It climbed alongside the group's weekly strength.

VanEck Junior Gold Miners ETF (GDXJ) added 13.45%. The ETF focuses on smaller-cap gold miners. It rose as junior mining shares advanced during the week.

Top 5 Industry ETFs

Direxion Daily Semiconductors Bear 3x Shares (SOXS) climbed 36.23%. The fund targets three times the daily inverse performance of U.S. semiconductor equities. It advanced as semiconductor stocks retreated over the week.

Direxion Daily Energy Bear 2X ETF (ERY) jumped 27.43%. This vehicle provides two times inverse exposure to U.S. energy equities. It rallied as the energy sector pulled back during the week.

Invesco Solar ETF (TAN) rose 13.38%. The fund concentrates on global solar equipment makers and developers. It gained as solar-linked equities firmed for the week.

Direxion Daily Real Estate Bull 3X Shares (DRN) increased 5.22%. The ETF targets three times the daily performance of U.S. real estate equities. It benefited as property shares strengthened during the week.

iShares U.S. Home Construction ETF (ITB) advanced 4.09%. The fund focuses on U.S. homebuilders and related suppliers. It rose with the segment's weekly advance.

Top 5 Bond ETFs

First Trust Emerging Markets Local Currency Bond ETF (FEMB) added 1.32%. The fund invests in emerging-market sovereign and corporate bonds denominated in local currencies. It edged higher alongside that market's weekly firmness.

Invesco Preferred ETF (PGX) gained 0.91%. The ETF holds U.S. preferred securities across financials and other sectors. It advanced as preferreds strengthened during the week.

iShares California Muni Bond ETF (CMF) rose 0.86%. This fund owns investment-grade California municipal bonds. It increased as the state muni segment firmed during the week.

Innovator S&P Investment Grade Preferred ETF (EPRF) climbed 0.80%. The ETF targets investment-grade preferred stocks as defined by the S&P index. It gained as that market segment edged higher this week.

SPDR ICE Preferred Securities ETF (PSK) advanced 0.76%. The fund holds U.S. preferred securities aligned with the ICE benchmark. It moved higher in step with preferreds' weekly strength.

Conclusion

Risk appetite was mixed across ETFs this week, with inverse and bear-leveraged strategies prominent among the leaders while several leveraged long products posted outsized declines. Equity index exposures skewed toward defensiveness, commodity-linked miner funds outperformed, and energy inverses were notable on the upside. The dispersion between paired semiconductor bulls and bears, as well as between gold miner longs and inverses, highlighted leverage effects on weekly returns across the lineup covered above.