Top Leveraged ETFs with the Highest Returns Last Week

Market Volatility Intensifies Amid Iran Conflict

The previous week saw heightened market turbulence triggered by the ongoing conflict involving Iran. Major U.S. stock indices experienced declines: the S&P 500 dropped nearly 1%, the Dow Jones Industrial Average retreated by 1%, the Nasdaq Composite slipped 0.4%, and the Russell 2000 was down 0.9%. Here’s a breakdown of the most significant developments from the week.

U.S. Economic Expansion Slows Considerably in Q4

According to updated figures from the Commerce Department, the U.S. economy grew at an annualized rate of just 0.7% between October and December, falling short of expectations. This marks a notable deceleration compared to the 4.4% growth in the third quarter and 3.8% in the second quarter. The revised number is also well below the initial 1.4% estimate, surprising economists who had anticipated an upward revision.

For the entirety of 2025, economic growth reached 2.1%, slightly under the preliminary 2.2% figure. This pace is slower than the 2.8% recorded in 2024 and 2.9% in 2023, signaling a gradual loss of economic momentum.

Moderation in Consumer Spending and Business Investment

Consumer expenditures, which make up the largest share of the economy, increased at a 2% annual rate in the fourth quarter. This is a slowdown from the 3.5% growth seen in the previous quarter and below the earlier estimate of 2.4%.

Non-residential business investment rose by 2.2%, likely buoyed by spending on artificial intelligence advancements. However, this was less robust than the 3.2% growth posted in the third quarter and fell short of the initial 3.7% projection.

Iran Tensions Weigh on Consumer Confidence

Escalating geopolitical risks and rising energy prices stemming from the Iran conflict have dampened consumer sentiment. The University of Michigan’s preliminary Consumer Sentiment Index dropped to 55.5 in March, a 1.9% decrease from February and lower than last year’s reading of 57.

This figure also missed economists’ forecasts of 54.8, marking the lowest point so far this year. The survey, conducted from February 17 to March 9, was partly completed before the onset of U.S.–Israeli military actions in Iran.

Top Performing Leveraged ETFs of the Week

Despite the challenging environment, several leveraged ETFs delivered standout performances last week:

• Tradr 2X Long SNDK Daily ETF : Gained 59.7%.
  SanDisk Corp : Rose 27.7% last week, with shares soaring 206% over three months and 1,194% in the past year, fueled by surging AI-related NAND demand. The company’s SSD revenue jumped 64% in fiscal Q2, with further growth anticipated in Q3.
• Tradr 2X Long NVTS Daily ETF : Up 50.6%.
  Navitas Semiconductor Corp : Advanced 25.2% last week. Investor optimism is growing around the company’s AI and infrastructure products. Last month, management projected sequential revenue increases for the year.
• Leverage Shares 2X Long NIO Daily ETF : Rose 47.9%.
  Nio: Shares climbed over 22% last week, with international expansion and improved profit margins attracting investor interest.
• GraniteShares 2x Long MARA Daily ETF : Increased 32.9%.
  MARA Holdings (MARA): Shares advanced about 15% last week. The company, which mines bitcoin in the U.S., benefited from a 3.3% rise in bitcoin prices despite market instability caused by the Iran conflict.
• Direxion Daily MU Bull 2X ETF : Up 37.2%.
  Micron Technology (MU): Gained roughly 17% last week, supported by continued strong demand for DRAM and NAND memory products.

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