As of Sep 28, 2026 close

Top ETF Losers 3 Months

US exchange-traded funds with the largest declines over three months. Only liquid names qualify, and every return is adjusted for stock splits so reverse splits don't masquerade as crashes or rallies.

#CompanyPrice3 MonthsTodayVolumeRel. volMkt cap
1MSTZT-Rex 2X Inverse MSTR Daily Target ETF$2.60−81.08%+1.76%62.1M1.5×$119.5M
2RKLXDefiance Daily Target 2X Long RKLB ETF$18.39−55.59%−4.91%1.4M0.5×$232.3M
3SBITProShares UltraShort Bitcoin ETF$30.52−53.76%+1.46%944.2K0.8×$130.4M
4IONXDefiance Daily Target 2X Long IONQ ETF$28.27−45.58%−4.17%1.6M1.2×$192.7M
5KORUDirexion Daily MSCI South Korea Bull 3X ETF$20.40−44.75%−5.51%15.0M0.7×$1.32B
6UVIX2x Long VIX Futures ETFFinancials$36.17−44.18%+1.06%1.8M0.7×$191.5M
7NAILDirexion Daily Homebuilders & Supplies Bull 3X ETF$29.87−42.61%−2.32%1.5M0.9×$549.6M
8SOXLDirexion Daily Semiconductor Bull 3X ETF$142.29−39.84%−6.05%70.6M1.2×$23.65B
9DUSTDirexion Daily Gold Miners Index Bear 2X ETF$39.81−36.92%+10.58%1.6M1.1×$108.0M
10DFENDirexion Daily Aerospace & Defense Bull 3X ETF$48.65−36.61%−6.42%500.8K1.7×$284.6M
11INTWGraniteShares 2x Long INTC Daily ETF$29.30−35.39%−11.24%4.8M1.0×$366.3M
12MVLLGraniteShares 2x Long MRVL Daily ETF$32.66−34.78%−7.84%1.5M0.4×$398.5M
13UVXYProShares Ultra VIX Short-Term Futures ETFFinancials$17.08−33.57%+1.36%8.5M1.1×$279.6M
14TSLLDirexion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF$9.15−32.92%−7.95%64.2M0.8×$3.57B
15TSLTT-REX 2X Long Tesla Daily Target ETF$12.81−32.65%−7.97%1.8M0.7×$145.0M
16MUUDirexion Shares ETF Trust Direxion Daily MU Bull 2X ETF$35.91−31.49%−5.13%19.6M0.9×$4.25B
17MULLGraniteShares 2x Long MU Daily ETF$25.03−31.12%−5.23%5.4M1.2×$709.6M
18DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$37.24−29.34%+1.72%529.7K0.6×$133.0M
19TMFDirexion Daily 20+ Year Treasury Bull 3X ETF$26.49−27.92%−2.65%10.3M1.7×$1.94B
20ORCXDefiance Daily Target 2X Long ORCL ETF$17.19−27.22%−6.47%2.4M0.9×$200.1M
21KSTRKraneShares China Technology & Semiconductor STAR 50 Index ETF$22.62−26.68%−3.74%733.2K0.9×$387.9M
22REMXVanEck Rare Earth and Strategic Metals ETF$64.47−25.36%−3.29%609.7K1.2×$1.85B
23VIXYProShares VIX Short-Term Futures ETFFinancials$16.79−22.63%+1.08%1.3M0.5×$216.4M
24YANGDirexion Daily FTSE China Bear 3X ETF$31.58−21.60%−1.77%620.9K0.8×$109.3M
25AIRRFirst Trust RBA American Industrial Renaissance ETF$103.70−21.19%−1.27%522.2K0.6×$9.00B
26TNADirexion Daily Small Cap Bull 3x ETF$59.10−20.21%−2.09%5.1M1.3×$1.23B
27CQQQInvesco China Technology ETFFinancials$45.41−18.05%−2.22%1.0M1.2×$2.59B
28NFXLDirexion Shares ETF Trust Direxion Daily NFLX Bull 2X ETF$13.72−17.60%−5.31%2.0M1.7×$121.8M
29AVLDirexion Shares ETF Trust Direxion Daily AVGO Bull 2X ETF$35.45−17.56%−1.88%1.1M0.7×$252.6M
30MORTVanEck Mortgage REIT Income ETF$8.63−16.38%−1.03%2.6M1.9×$318.9M
31XHBState Street SPDR S&P Homebuilders ETF$97.30−15.68%−1.04%1.9M1.0×$1.50B
32ZROZPIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund$55.20−15.53%−1.92%1.1M1.0×$1.57B
33ICLNiShares Global Clean Energy ETF$16.81−15.44%−2.44%7.9M1.1×$2.18B
34REMiShares Mortgage Real Estate ETF$18.69−15.12%−1.11%1.9M2.2×$467.3M
35XLUState Street Utilities Select Sector SPDR ETF$39.25−14.71%−0.66%33.1M1.4×$20.65B
36ITBiShares U.S. Home Construction ETF$88.75−14.64%−0.76%2.3M1.1×$2.40B
37EDVVanguard World Funds Extended Duration ETF$56.72−14.36%−1.13%3.0M1.7×$3.52B
38VPUVanguard Utilities ETF$170.29−14.33%−0.69%567.0K1.4×$7.61B
39JETSU.S. Global Jets ETF$28.49−13.88%−1.69%4.6M1.0×$834.8M
40ITAiShares U.S. Aerospace & Defense ETF$209.26−12.49%−2.13%852.5K1.0×$12.29B
41LTPZPIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund$45.36−11.80%−1.03%809.5K1.5×$914.9M
42GGLLDirexion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF$98.79−11.29%−0.74%643.6K0.5×$1.01B
43ASHRXtrackers Harvest CSI 300 China A-Shares ETF$32.51−10.32%−1.75%7.7M2.6×$1.41B
44DTCRGlobal X Funds Global X Data Center & Digital Infrastructure ETF$27.34−10.15%−1.80%680.8K1.2×$2.04B
45TLTiShares 20+ Year Treasury Bond ETF$78.62−10.10%−0.88%63.5M1.7×$44.26B
46URNMSprott Uranium Miners ETF$47.92−9.81%−2.46%680.7K1.1×$1.84B
47IYTiShares U.S. Transportation ETF$79.07−9.77%−0.35%797.9K0.8×$2.04B
48PPAInvesco Aerospace & Defense ETF$156.24−9.70%−1.93%699.3K3.2×$7.44B
49AISVistaShares Artificial Intelligence Supercycle ETF$74.28−9.67%−2.19%1.0M2.4×$1.05B
50SPXSDirexion Daily S&P 500 Bear 3x ETF$24.46−9.64%+2.30%18.6M1.4×$364.9M
51FFSMFidelity Fundamental Small-Mid Cap ETF$34.14−9.59%−0.99%608.6K1.3×$1.49B
52KBWDInvesco KBW High Dividend Yield Financial ETFFinancials$11.19−9.50%−1.11%644.6K1.5×$369.2M
53PZAInvesco National AMT-Free Municipal Bond ETF$21.31−9.43%−0.93%4.7M1.3×$4.03B
54PAVEGlobal X U.S. Infrastructure Development ETF$53.08−9.42%−0.73%1.2M0.8×$13.41B
55SPXUProShares UltraPro Short S&P 500$34.37−9.36%+2.32%10.6M1.4×$423.9M
56VGLTVanguard Long-Term Treasury ETF$50.57−9.34%−0.80%4.0M1.2×$10.08B
57SCHQSchwab Long-Term U.S. Treasury ETF$28.69−9.32%−0.80%1.2M0.7×$893.7M
58SPTLState Street SPDR Portfolio Long Term Treasury ETF$24.06−9.28%−0.82%15.5M1.9×$10.86B
59SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF$20.52−9.24%−0.97%2.4M0.9×$1.17B
60TLTWiShares 20+ Year Treasury Bond BuyWrite Strategy ETF$20.47−9.18%−0.78%2.6M1.8×$1.72B
61BLVVanguard Long-Term Bond ETF$63.21−9.18%−0.89%1.1M1.4×$5.48B
62VCLTVanguard Long-Term Corporate Bond ETF$68.97−9.18%−0.93%8.5M1.7×$8.57B
63PWZInvesco California AMT-Free Municipal Bond ETFFinancials$22.31−9.12%−0.58%2.4M2.5×$1.15B
64SOXQInvesco PHLX Semiconductor ETFFinancials$98.08−9.03%−1.61%1.6M1.2×$3.24B
65HIMUiShares High Yield Muni Active ETF$45.33−9.01%−1.20%1.6M2.2×$2.42B
66YYYAmplify CEF High Income ETF$10.48−8.95%−1.23%710.2K1.5×$676.0M
67IGLBiShares 10+ Year Investment Grade Corporate Bond ETF$45.98−8.91%−0.91%2.1M1.0×$2.51B
68MLNVanEck Long Muni ETF$16.25−8.76%−0.70%1.1M2.0×$637.8M
69SQQQProShares UltraPro Short QQQ$34.83−8.73%+3.20%52.8M1.2×$2.23B
70SOXXiShares Semiconductor ETF$560.79−8.72%−2.08%7.3M1.0×$47.78B
71URAGlobal X Uranium ETF$40.13−8.65%−1.91%2.5M0.8×$5.62B
72TLHiShares 10-20 Year Treasury Bond ETF$92.75−8.46%−0.67%4.5M2.2×$10.43B
73IWOiShares Russell 2000 Growth ETF$358.49−8.14%−0.46%660.9K1.5×$14.05B
74BAIiShares A.I. Innovation and Tech Active ETF$46.76−8.01%−1.64%4.1M0.9×$14.45B
75XLREState Street Real Estate Select Sector SPDR ETF$41.35−7.95%−0.51%8.8M1.6×$7.64B
76IGFiShares Global Infrastructure ETF$62.02−7.94%−0.58%1.3M1.6×$10.13B
77USRTiShares Core U.S. REIT ETF$62.22−7.90%−0.24%693.3K1.0×$4.32B
78FRELFidelity MSCI Real Estate Index ETF$27.48−7.88%−0.43%647.1K2.4×$1.37B
79SCHASchwab U.S Small- Cap ETF$32.86−7.88%−0.81%4.7M1.2×$21.84B
80HYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETF$23.46−7.86%−0.93%7.4M1.7×$3.55B
81FLMIFranklin Dynamic Municipal Bond ETF$23.22−7.75%−0.90%1.7M1.3×$2.27B
82SCHHSchwab U.S. REIT ETF$22.25−7.71%−0.27%11.1M1.4×$10.62B
83VNQVanguard Real Estate ETF$90.59−7.70%−0.44%4.7M1.2×$35.78B
84XLIState Street Industrial Select Sector SPDR ETF$168.78−7.65%−0.97%7.8M1.0×$30.28B
85IYRiShares U.S. Real Estate ETF$96.16−7.62%−0.49%5.9M1.0×$4.04B
86RSPDInvesco S&P 500 Equal Weight Consumer Discretionary ETF$51.96−7.61%−0.70%593.9K2.9×$407.4M
87IWMINEOS Russell 2000 High Income ETF$49.30−7.54%−0.60%622.2K1.3×$1.27B
88HYDVanEck High Yield Muni ETF$47.78−7.49%−0.60%2.7M1.4×$3.89B
89SOXSDirexion Daily Semiconductor Bear 3X ETF$34.43−7.45%+6.17%76.3M1.3×$1.84B
90FMBFirst Trust Managed Municipal ETF$47.63−7.33%−0.96%715.8K1.7×$1.93B
91REETiShares Global REIT ETF$26.01−7.27%−0.19%2.7M0.9×$4.68B
92MINOPIMCO Municipal Income Opportunities Active ETF$42.48−7.19%−0.77%563.0K1.8×$732.4M
93DFGRDimensional Global Real Estate ETF$27.31−7.17%−0.11%584.9K1.1×$3.68B
94SCMBSchwab Municipal Bond ETF$23.99−7.09%−0.58%7.9M1.5×$3.21B
95CGHMCapital Group Municipal High-Income ETF$24.06−7.07%−1.03%1.3M2.0×$3.23B
96TFIState Street SPDR Nuveen ICE Municipal Bond ETF$42.58−7.05%−0.65%2.1M1.5×$2.78B
97EWYiShares MSCI South Korea ETF$183.58−7.05%−1.92%11.1M0.9×$26.33B
98XLYState Street Consumer Discretionary Select Sector SPDR ETF$109.00−6.93%−1.41%6.4M1.0×$21.48B
99TAFMAB Tax-Aware Intermediate Municipal ETF$23.90−6.90%−0.79%719.7K2.2×$762.4M
100LABDDirexion Daily S&P Biotech Bear 3X ETF$7.18−6.87%−3.23%26.7M1.4×$137.2M

$2+ · 500K+ shares in the latest session · $100M+ market cap · split-adjusted. See also the daily market brief and unusual volume.