Market Overview
Friday Oct 23 saw the Dow Jones lose 1.23%, the S&P 500 decline 0.52%, and the Nasdaq slip 0.21%.
Across ETFs, breadth tilted defensive, with inverse exposures broadly firmer while leveraged equity products showed wide dispersion. Trading featured notable swings among single-stock vehicles.
Top 5 US ETF Gainers
OPPORTUNISTIC TRADER ETF (WZRD) rallied 23.59%. The fund is actively managed with a flexible mandate, and it advanced amid gains across its underlying holdings.
Tradr 2X Short BE Daily ETF (BEZ) surged 22.51%. The vehicle seeks two times the inverse of solid-oxide fuel cell manufacturer Bloom Energy, and it advanced as the underlying exposure weakened intraday.
Bloom Energy issued upbeat multi-year guidance and reported stronger quarterly earnings and revenue.
GraniteShares 2x Long CRWD Daily ETF (CRWL) jumped 16.30%. The fund targets two times the daily return of cybersecurity software company CrowdStrike, and it climbed as the underlying shares advanced.
Corgi CRWD 2x Daily ETF (CRWC) added 16.29%. This product amplifies, by two times, daily moves in CrowdStrike and rallied alongside the company's upswing.
Tradr 2X Long TTMI Daily ETF (TTMX) gained 15.94%. The ETF seeks two times the daily move of printed circuit board manufacturer TTM Technologies, tracking the underlying shares' advance during the session.
Top 5 US ETF Losers
Leverage Shares 2X Long BE Daily ETF (BEG) tumbled 22.78%. Designed to deliver two times the daily performance of Bloom Energy, the ETF fell as the stock retreated.
Tradr 2X Long BE Daily ETF (BEX) sank 22.41%. The fund targets two times the daily return of Bloom Energy, and it slid as the underlying shares pulled back.
Corgi BE 2x Daily ETF (BEC) dropped 20.87%. This product amplifies, by two times, daily moves in Bloom Energy and declined on the same downward impulse.
Corgi CRDO 2x Daily ETF (CRD) fell 19.42%. The ETF seeks two times the daily move of data center connectivity chipmaker Credo Technology Group, tracking the underlying shares' retreat during the session.
Tradr 2X Long CRDO Daily ETF (CRDU) slid 18.79%. Designed to deliver two times the daily performance of Credo Technology Group, the fund declined as the stock weakened.
Top 5 Equity Index ETFs
ProShares UltraPro Short Dow30 ETF (SDOW) advanced 3.80%. The ETF targets three times the inverse daily performance of the Dow Jones Industrial Average, and it gained as the index weakened.
VanEck ChiNext ETF (CNXT) climbed 3.56%. The fund follows China's ChiNext market of Shenzhen-listed growth companies, and the move mirrored gains in that benchmark.
ProShares UltraShort Dow30 (DXD) added 2.48%. The product provides two times inverse exposure to the Dow Jones Industrial Average, and it increased as the gauge fell.
Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU) rose 1.85%. The fund seeks two times the daily performance of the CSI 300 of onshore China A shares, and it benefited from the index's intraday strength.
ProShares UltraPro Short S&P500 ETF (SPXU) gained 1.78%. The vehicle targets three times the inverse daily return of the S&P 500, and it firmed as the broader benchmark slipped.
Top 5 Commodity ETFs
VanEck Oil Services ETF (OIH) rallied 5.40%. The fund holds large oilfield services companies, and it advanced alongside industry strength.
PROSHARES ULTRA ENERGY (DIG) jumped 5.28%. The ETF seeks two times the daily performance of U.S. energy equities and climbed with sector gains.
DB Gold Double Short Exchange Traded Notes (DZZ) advanced 4.72%. The product provides two times inverse exposure to gold prices, and it rose as the metal softened.
United States Oil Fund LP (USO) increased 4.32%. The fund reflects front-month West Texas Intermediate crude futures, and it moved higher with crude strength.
Oil prices rose on escalating Middle East tensions.
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) gained 3.80%. The ETF seeks two times inverse exposure to gold mining equities, and it rose as miners eased.
Top 5 Industry ETFs
Direxion Daily Energy Bull 2X ETF (ERX) surged 5.41%. The fund targets two times the daily performance of U.S. energy companies, and it participated in the day's strength across the group.
Direxion Daily Financial Bear 3X ETF (FAZ) advanced 3.84%. The product offers three times inverse exposure to U.S. financials, and it increased as the sector softened.
ProShares UltraShort Financials (SKF) rose 2.73%. The ETF provides two times inverse exposure to the U.S. financials cohort, and it firmed as banks weakened.
Energy Select Sector SPDR Fund (XLE) added 2.60%. The fund tracks the S&P 500 Energy Select Sector, and the gain echoed broad energy strength.
ProShares Ultra Real Estate (URE) climbed 1.83%. The vehicle seeks two times the daily performance of U.S. real estate equities, and it benefited from a steadier tone in the group.
Top 5 Bond ETFs
Vanguard Tax-Exempt Bond ETF (VTEB) edged up 0.21%. The fund invests in investment-grade U.S. municipal bonds, and the modest gain tracked a firmer tone in munis.
SPDR Nuveen ICE Municipal Bond ETF (TFI) rose 0.19%. The ETF follows the ICE AMT-Free U.S. National Municipal Index, and it advanced alongside stable municipal debt.
iShares National Muni Bond ETF (MUB) increased 0.18%. The fund holds a broad basket of U.S. municipal bonds, and it inched higher with the asset class.
iShares New York Muni Bond ETF (NYF) gained 0.15%. The ETF targets New York state municipal debt, and it added as the segment firmed.
iShares California Muni Bond ETF (CMF) added 0.14%. The fund focuses on California municipal bonds, and it edged higher with muni markets.
Conclusion
Risk aversion colored the ETF tape, with inverse index funds advancing and energy-linked vehicles outperforming alongside crude strength. Single-stock leveraged products showed pronounced two-way movement, particularly across pairs tied to the same underlying, highlighting leverage-driven dispersion. Municipal bond ETFs edged higher in a steadier rates backdrop, while commodity-linked funds reflected the day’s cross-asset leadership.
Read More: Which ETFs Can Help Hedge a U.S. Stock Market Sell-Off? 6 Types of ETFs Explained
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