5 Best Performing Leveraged ETFs in 2022

1. Direxion Daily Energy Bull 2X Shares (NYSEARCA:ERX)

Leverage: 2x

YTD Return as of December 9: 103.58%

The Direxion Daily Energy Bull 2X Shares (NYSEARCA:ERX) aims to deliver 2 times the daily returns of the Energy Select Sector Index. The fund invests in energy stocks through derivatives such as futures and swaps. As of December 9, the fund has gained 103.58% year to date and is among the best performing leveraged ETFs in 2022. The fund has outperformed the S&P 500 by over 120% so far this year. The fund has an expense ratio of 0.95% and a yield of 2.82%. The fund pays out dividends on a quarterly basis.

The Direxion Daily Energy Bull 2X Shares (NYSEARCA:ERX) has 30 holdings and a top ten holdings concentration of 90.65%. The fund has $559.31 million in assets under management. One of the fund’s top ten holdings is Chevron Corporation (NYSE:CVX). As of December 9, Chevron Corporation (NYSE:CVX) has gained 42.05% year to date and is offering a dividend yield of 3.35%.

This November, Piper Sandler analyst Ryan Todd raised his price target on Chevron Corporation (NYSE:CVX) to $206 from $186 and maintained an Overweight rating on the shares.

As of September 30, Warren Buffett’s Berkshire Hathaway is the dominant shareholder in Chevron Corporation (NYSE:CVX) and has stakes worth $23.75 billion in the company.

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