Volatility Up Big, VIX And SPIKES ETFs Bounce - ETF Winners And Losers: Leveraged Returns
Portfolio Pulse from Johnny Rice
The 2x Long VIX Futures ETF (UVIX) and ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) have seen significant increases over the past week, with UVIX up 24.77% and SPKY up 19.29%. On the other hand, Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and MicroSectors Travel 3x Leveraged ETN (FLYU) have seen decreases, with NAIL down 18.39% and FLYU down 16.78%.
October 19, 2023 | 8:50 pm
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POSITIVE IMPACT
SPKY is up 19.29% over the past week, but down 73.19% YTD.
The significant increase in SPKY over the past week suggests a positive short-term impact. However, the overall YTD decrease indicates a negative longer-term trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
UVIX is up 24.77% over the past week, but down 86.76% YTD.
The significant increase in UVIX over the past week suggests a positive short-term impact. However, the overall YTD decrease indicates a negative longer-term trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
FLYU is down 16.78% on the week, but up 22.22% YTD.
The significant decrease in FLYU over the past week suggests a negative short-term impact. However, the overall YTD increase indicates a positive longer-term trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NAIL is down 18.39% on the week, but up 49.20% YTD.
The significant decrease in NAIL over the past week suggests a negative short-term impact. However, the overall YTD increase indicates a positive longer-term trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100