Top Leveraged and Inverse ETFs, Week of July 12, 2026

GraniteShares’ BABX and KraneShares’ KBAB led leveraged ETF performance for the week of July 12, 2026, each advancing about 34%. Other notable winners included a Meta 2x fund up roughly 30%, Broadcom 2x funds up 22–23%, and several Nvidia- and Dell-focused 2x ETFs that rose near 17%.

Both BABX and KBAB provide two times the daily return of Alibaba Group shares and tracked strong gains after the company reported positive earnings previews, signs of accelerating AI-related revenue, a temporary U.S. legal reprieve and active share buybacks. Those factors coincided with short-term buying in Alibaba stock that translated into amplified moves for the leveraged products.

GraniteShares’ FBL, a 2x long Meta ETF, posted around a 30.5% weekly gain after a string of AI-related product and technical updates that eased investor concern about Meta’s infrastructure spending and external chip reliance. Broadcom-themed funds saw gains after Broadcom reached a multiyear chip-supply agreement with Apple that market reports estimate will exceed $30 billion and run through 2031; Defiance’s AVGX returned about 23% while GraniteShares’ AVGU rose about 22%.

Nvidia-focused leveraged ETFs including T-Rex’s NVDX, Direxion’s NVDU and GraniteShares’ NVDL advanced roughly 17% as analysts reiterated confidence in Nvidia’s position in AI hardware and the chip sector received support tied to the Apple-Broadcom deal. GraniteShares’ DLLL, a 2x long Dell ETF, also ranked among top performers after Dell reported stronger demand for AI servers, issued upbeat forward guidance and received multiple analyst price-target increases alongside government endorsements.

An inverse leveraged product, GraniteShares’ SNK, which targets two times the inverse daily return of SpaceX parent company stock (SPCX), appeared on the week’s list when SPCX shares fell. Traders and market observers attributed the decline to profit-taking, an approaching insider lock-up expiration and a broader pullback in technology shares.

Leveraged and inverse ETFs are designed to deliver magnified exposure to a single day’s price movement, typically two times for 2x funds and negative two times for 2x short funds. These funds reset daily and carry fees and expenses, which can cause their returns to diverge from the underlying stock over longer holding periods, especially in volatile markets. Market participants and advisers commonly use these products for short-term trading rather than long-term investment.