From Yahoo Finance: 2025-06-03 18:30:00

In May, the Battleshares TSLA vs F ETF (ELON) delivered a 72% return, outperforming other leveraged ETFs with options-heavy and crypto-focused strategies, according to FactSet data. The actively managed ELON takes leveraged long positions in Tesla (TSLA) while shorting Ford (F) to target specific exposures.

Following ELON, the DailyDelta Q100 Upside Option Strategy ETF (QUP) captured second place with 66% returns by purchasing call options on the Nasdaq-100 Index. The fund limits downside risk and holds most assets in short-term U.S. Treasury securities. Simplify Bitcoin Strategy PLUS Income ETF (MAXI) ranked third with 61% gains, combining Bitcoin futures exposure with option overlay strategies.

In fourth place, the Simplify Volt TSLA Revolution ETF (TESL) focused on Tesla claimed 60% returns using a momentum-based algorithm adjusting exposure based on market conditions. Nine Ethereum ETFs tied for fifth place with 59% returns, including iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH).

The ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) delivered 58% returns through cash-settled Ether futures contracts. Completing the top performers, the First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) saw 51% gains investing in companies supporting the crypto industry and digital economy.

These rankings were dominated by funds using options strategies and alternative approaches, with Tesla’s 25% monthly gain contributing to the success of several top performers. Ethereum has recently traded at around $2,617, up more than 43% over the past month, according to CoinMarketCap.

Read more: Tesla vs. Ford ETF Leads May Performance Rankings