Bear 2X Shares 15.67% (ERY A-) Direxion Daily Energy Bear 2X Shares 13.76% (DUG A-) ProShares UltraShort Oil & Gas 13.63% (MSOX ) AdvisorShares MSOS 2x Daily ETF 12.87% (TARK ) AXS 2X Innovation ETF 12.84% (PYPS ) AXS 1.5X PYPL Bear Daily ETF 12.83% ERY – Direxion Daily Energy Bear 2X Shares Another energy-focused inverse ETF that featured on the list was Direxion Daily Energy Bear 2X Shares, which offers 3x daily short leverage to the Energy Select Sector Index. Oil prices fell upon demand concerns after Federal Reserve’s stance to further tighten monetary policy to curb inflation.