5 Best-Performing Leveraged ETFs of Last Week

Wall Street delivered a downbeat performance last week. The S&P 500 lost 0.6%, the Dow Jones retreated about 0.4%, and the Nasdaq Composite plunged 2.1%. The renewed tensions in the Middle East, an oil price rally, solid big bank earnings and a tech crash amid AI investment worries were the key highlights of the last week.Gulf Tensions The U.S.-Iran war intensified in recent days, while shipping disruptions are worsening across two of the world's most important oil transit routes. Traffic through the Strait of Hormuz has plunged, and Houthi attacks in the Red Sea have threatened another key export corridor for Middle Eastern crude.As a result, Brent crude ETF United States Brent Oil Fund LP BNO added 8% last week. However, the United States paused its strikes against Iran over the weekend. Iran reportedly said it would halt its attacks as long as the U.S. pause in hostilities remains in effect, as quoted on CNBC.Solid Big Bank Earnings Geopolitical tensions remain in place, and markets have been on a volatile ride — yet the largest banks of the United States continued to post strong results. While retail investors may find the volatility unsettling — particularly those needing to liquidate equities or seeking quick gains — Wall Street banks are benefiting.Strong trading activity, resilient consumer spending, healthy loan demand, good capital market activity, higher investment banking fees and a pickup in artificial intelligence (AI)-driven capital markets activity have fueled optimism.Tech Crash Roundhill Magnificent Seven ETF MAGS lost about 6% last week as renewed worries related to the payoffs of massive AI investments bother investors. Alphabet and Tesla bore the brunt of the decline.Although Alphabet delivered strong revenue growth and highlighted a growing cloud-services backlog, investors focused on its sharply higher AI infrastructure spending, triggering a sell-off in the stock.Tesla also faced the same concern. Ross Gerber of investment firm Gerber Kawasaki said Elon Musk faces a long road in turning Tesla Inc.'s Optimus into a commercial success, noting that humanoid robots remain difficult to develop and are unlikely to generate meaningful revenues anytime soon, per Benzinga, as quoted on Yahoo Finance.Winning Leveraged ETFs in Focus Against the above-mentioned backdrop, below we highlight a few winning leveraged ETFs of the last week.CIFR-Heavy ETFsT-REX 2X Long CIFR Daily Target ETF CIFU – Up 64.2%Leverage Shares 2X Long CIFR Daily ETF CIFG – Up 63.9%Cipher Digital CIFR surged 23.2% last week, boosting its leveraged ETFs. The company is into Bitcoin mining and high-performance computing (HPC) as well as AI data centers. Shares of bitcoin miners surged last week after Hut 8 (HUT) and IREN (IREN) announced billions of dollars in new contracts, as quoted on Coindesk.SMCI-Heavy ETFsDefiance Daily Target 2X Long SMCI ETF SMCX – Up 49.1%GraniteShares 2x Long SMCI Daily ETF SMCL – Up 48.6%Super Micro Computer SMCI shares and related ETFs surged following a massive Q4 fiscal 2026 business update on July 22, 2026. The stock jumped 23.5% last week.RIOT-Heavy ETFsDefiance Daily Target 2X Long RIOT ETF RIOX – Up 47.6%Riot Platforms RIOT jumped about 19% last week. The recent surge in it is driven by the company’s strategic expansion into AI data centers, major deals, and strong Bitcoin balance sheet tailwinds.ONDS-Heavy ETFsTradr 2X Long ONDS Daily ETF ONDU – Up 40.8%Defiance Daily Target 2X Long ONDS ETF ONDL – Up 40.6%Ondas Inc ONDS shares surged more than 18% last week. The company recently secured $70 million in new orders across its defense and autonomous technology platform.Boost Your Portfolio with Our Top ETF InsightsZacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.Don’t miss out on this valuable resource. It’s free!Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportSuper Micro Computer, Inc. (SMCI): Free Stock Analysis ReportRiot Platforms, Inc. (RIOT): Free Stock Analysis ReportOndas Holdings Inc. (ONDS): Free Stock Analysis ReportCipher Digital Inc. (CIFR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment Research