Market Overview
U.S. stocks advanced on Tuesday, with the S&P 500 adding 0.77% and the Nasdaq Composite firming 1.04%, while the Dow Jones Industrial Average increased 0.76%, keeping major indices near record territory.
Across ETFs, flows tilted decisively toward growth and cyclicals; equity index and industry funds outperformed, led by semiconductors and Asia, as precious-metals funds trailed and short-volatility vehicles fared better, indicating a clear pro-risk rotation.
Top 5 US ETF Gainers
Defiance Daily Target 2X Long ZETA ETF (ZETX) surged 27.87%. The fund seeks to deliver twice the daily performance of marketing technology company Zeta Global. Strong upside momentum in ZETA shares drove amplified gains in this leveraged long product.
Leverage Shares 2X Long CIFR Daily ETF (CIFG) climbed 25.50%. This ETF provides 2x daily exposure to bitcoin mining company Cipher Mining. A sharp rally in CIFR shares boosted returns for the leveraged vehicle.
T-REX 2X Long CIFR Daily Target ETF (CIFU) advanced 25.41%. The fund also tracks twice the daily move of Cipher Mining, magnifying gains as the underlying stock moved higher.
Tradr 2X Long WULF Daily ETF (WULX) rose 23.39%. The ETF aims to deliver double the daily performance of bitcoin mining company TeraWulf. Strength in WULF shares supported outsized gains.
Leverage Shares 2x Long FIG Daily ETF (FIGG) gained 22.47%. This product offers 2x daily exposure to financial technology company SoFi Technologies, benefiting from the stock’s advance during the session.
Top 5 US ETF Losers
T-REX 2X Inverse CRWV Daily Target ETF (CORD) fell 19.01%. The fund seeks to deliver twice the inverse daily performance of cloud infrastructure company CoreWeave. Strength in CoreWeave shares led to amplified losses in this leveraged inverse product.
Defiance Daily Target 2X Short AMD ETF (DAMD) declined 17.29%. This ETF provides 2x inverse exposure to semiconductor company AMD. Gains in AMD shares pressured the short leveraged structure.
Tradr 2X Short IREN Daily ETF (IREZ) dropped 14.79%. The fund delivers twice the inverse daily return of bitcoin mining company IREN. A rebound in IREN shares weighed heavily on the ETF.
Tradr 2X Short SMR Daily ETF (SMZ) slid 12.59%. This product tracks 2x the inverse daily move of nuclear energy technology company NuScale Power. Strength in SMR shares resulted in outsized losses for the bearish vehicle.
Tradr 2X Short CLSK Daily ETF (CLSZ) lost 11.23%. The ETF aims to provide double inverse daily exposure to bitcoin mining company CleanSpark. As CLSK shares advanced, the leveraged short ETF declined accordingly.
Top 5 Equity Index ETFs
Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) gained 4.56%. EDC uses swaps and futures to deliver triple the daily return of a broad emerging-markets benchmark. Tailwinds from Asia led the complex, with leveraged construction magnifying index-level advances into outsized percentage gains.
iShares MSCI South Korea ETF (EWY) increased 3.77%. EWY tracks large- and mid-cap Korean equities. A strong performance in Korea’s export-heavy technology and industrial constituents lifted the market-cap-weighted basket, aligning with broader regional strength.
iShares MSCI Taiwan ETF (EWT) rose 3.48%. EWT reflects Taiwanese large- and mid-cap stocks with a sizable semiconductor weighting. Momentum in chip-related names buoyed the index, translating local equity gains into ETF price appreciation.
ProShares UltraPro QQQ (TQQQ) advanced 3.19%. TQQQ targets three times the daily return of the Nasdaq-100 through derivatives. A positive day for mega-cap tech and growth drove a leveraged extension of benchmark gains under the fund’s daily reset framework.
Direxion Daily Small Cap Bull 3x Shares (TNA) added 3.17%. TNA seeks triple the daily performance of the Russell 2000. Improved breadth among domestic smaller companies lifted the underlying index and, by construction, produced a larger percentage move at the ETF level.
Top 5 Commodity ETFs
ProShares Ultrashort Silver (ZSL) improved 3.87%. ZSL aims for twice the inverse daily return of silver prices via futures exposure. Weakness in silver bullion supported this inverse leveraged product, delivering gains opposite the commodity’s move.
ProShares UltraShort Gold (GLL) rose 2.83%. GLL targets double the inverse daily performance of gold prices. With spot gold softening, the inverse structure converted bullion declines into fund gains through daily-reset leverage.
DB Gold Double Short ETN (DZZ) increased 2.77%. DZZ is an exchange-traded note designed to provide twice the inverse daily return of gold, referencing gold futures. The ETN’s structure passes through the inverse, leveraged exposure, benefiting from downside in the metal.
DB Gold Short ETN (DGZ) advanced 2.35%. DGZ offers unlevered inverse exposure to gold prices via an ETN format. A modest decline in gold was reflected as a corresponding move higher in the note’s indicative value.
VanEck Oil Services ETF (OIH) climbed 2.13%. OIH holds a market-cap-weighted basket of U.S.-listed oilfield services and equipment providers. Firmness in energy services equities supported the fund as the industry’s cyclically sensitive components benefited from improved risk sentiment.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) gained 4.05%. SOXL delivers triple the daily return of a U.S. semiconductor index. The fund’s leveraged structure amplified broad-based chip strength, reflecting gains across fabrication, design, and equipment constituents.
VanEck Uranium and Nuclear ETF (NLR) added 2.90%. NLR tracks companies engaged in nuclear energy and uranium, including utilities and producers. The thematic basket benefited from supportive sentiment toward baseload power and nuclear-related demand prospects embedded in its index methodology.
ProShares Ultra Materials (UYM) increased 1.64%. UYM provides 2x daily exposure to the U.S. materials sector. Its leveraged construction magnified advances in chemicals, metals, and other basic materials constituents tracked by the sector index.
Consumer Discretionary Select Sector SPDR Fund (XLY) rose 1.52%. XLY holds S&P 500 consumer discretionary names in a market-cap-weighted structure. Gains in retail, autos, and internet retail exposed the fund’s overweight to dominant mega-cap discretionary components.
VanEck Semiconductor ETF (SMH) advanced 1.52%. SMH tracks a concentrated basket of global semiconductor leaders listed in the U.S. Strength in bellwether chip designers and foundries flowed through its market-cap-weighted construction, aligning with the day’s chip-led leadership.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) increased 1.14%. FCVT actively invests in global convertible bonds, a hybrid asset class that participates in equity upside via embedded options while retaining bond features; strength in underlying equities improved convert valuations.
SPDR Bloomberg Convertible Securities ETF (CWB) rose 0.83%. CWB tracks a broad U.S. convertible bond index. Equity-sensitive convertibles repriced higher with the risk-on tone, lifting the diversified basket.
iShares Convertible Bond ETF (ICVT) gained 0.51%. ICVT follows a rules-based U.S. convertibles index with issuer caps. The product reflects the hybrid market’s linkage to growth shares through conversion features, translating equity gains into higher convertible prices.
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) added 0.42%. PFFA is an actively managed portfolio of preferred stocks, which tend to be rate- and credit-sensitive. The fund benefited from stable long-duration benchmarks and improved credit sentiment across financial and utility preferreds.
VanEck Preferred Securities ex Financials ETF (PFXF) improved 0.33%. PFXF tracks preferred securities while excluding financial issuers, tilting toward utilities, industrials, and real assets. The sector mix supported modest gains as spread assets firmed amid constructive risk conditions.
Conclusion
ETF markets reflected a pronounced risk-on rotation centered on semiconductors and growth proxies. Leveraged single-stock products tied to crypto miners and high-beta equities produced outsized gains, while sector funds linked to chips and discretionary names extended leadership. Conversely, inverse equity ETFs and leveraged long silver products lagged as equities firmed and precious metals softened. Across styles, cyclicals and Asia-focused equity index funds outperformed, convertibles modestly participated with equity upside, and preferreds gained incrementally, underscoring a session defined by technology momentum and broader pro-growth positioning.