Exchange Traded Funds (ETFs) are investment vehicles that track the performance of an underlying asset, commodity, or index. Here are the top performing ETFs this week, June 4, 2021. Let’s review how well they have done over the past 3 month period.
1. ProShares Ultra VIX Short-Term Futures ETF – Up 299.80% Over 3 Months
ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY). UVXY is a commodities pool that provides daily leveraged exposure to short-term VIX futures, with the goal of capturing the S&P 500‘s volatility. The fund trades a large volume, indicating a very short holding duration for most investors.
2. ProShares UltraShort Semiconductors – Up 265.71% Over 3 Months
ProShares UltraShort Semiconductors (NYSE: SSG). The ProShares UltraShort Semiconductors ETF pursues daily investment results that are twice the opposite (-2x) of the Dow Jones U.S. SemiconductorsSM Index’s daily performance. This ProShares ETF seeks to outperform its underlying benchmark by -2x on a daily basis.
3. ProShares UltraShort Silver – Up 262.87% Over 3 Months
ProShares UltraShort Silver (NYSE: ZSL). ZSL is an inverse product that aims to deliver a -2x return on daily silver prices. The Bloomberg Silver Subindex – an index that tracks a rolling futures position on silver based on Bloomberg’s fixed contract schedule — is used to gauge the fund’s inverse exposure.
4. ProShares UltraShort Bloomberg Crude Oil – Up 221.61% Over 3 Months
ProShares UltraShort Bloomberg Crude Oil (NYSE: SCO). The ProShares UltraShort Bloomberg Crude Oil ETF targets daily investment outcomes that are double the the opposite (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.
5. ProShares UltraPro Short Dow30 – Up 207.04% Over 3 Months
ProShares UltraPro Short Dow30 (NYSE: SDOW). The ProShares UltraPro Short Dow30 aims daily investment returns that are three times (-3x) the daily performance of the Dow Jones Industrial Average.
Should You Invest in ETFs?
ETFs can be purchased in a variety of ways, and how you do so is mostly a matter of personal preference. If you wish to invest in a wide range of ETFs and need some help deciding which ones to invest in, you should consult a trusted financial advisor.