Best/Worst Weekly ETF Returns: Miners Rebound

April 26, 2013

Gold miner ETFs rebounded on rising bullion prices, while natural gas retreated from last week's highs.

A mix of funds were top performers in the week ending Thursday, April 25, as gold prices recovered from a recent sell-off, while energy funds outperformed as well. Meanwhile, the week's underperformers were volatility-focused ETNs and natural gas funds.

The S&P 500 rallied 43.55 points, or 2.82 percent, ending that same five-day period at 1585.16.

After the previous week's declines in gold bullion prices, the week ended April 25 saw a rebound that boosted the net asset value of gold-related exchange-traded funds. The Global X Pure Gold Miners fund (NYSEArca: GGGG) saw the largest gain, ramping up NAV by 12.42 percent.

Solar energy funds, like the Guggenheim Solar ETF (NYSEArca: TAN), also outperformed their peers by as much as 15.67 percent.

Natural gas exchange-traded products suffered losses, the most notable of which being the iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEArca: GAZ), which dropped 6.45 percent as natgas rebounded from a temporary, seasonal spike in performance.

GAZ is closed to creations, distorting its movements, so the United States Natural Gas Fund (NYSEArca: UNG) is the better indicator of movements in gas futures. UNG had a decline of 5.25 percent in the five-day trading period.

Volatility-focused ETNs meanwhile fell as markets rallied.

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAN Guggenheim Solar 15.67% 1,123,477 67.07
GGGG Global X PURE Gold Miners 12.42% 68,157 3.10
KWT Market Vectors Solar Energy 12.34% 14,896 12.53
GLDX Global X Gold Explorers 11.08% 897,863 29.89
ITB iShares Dow Jones U.S. Home Construction 10.75% 27,453,578 2,295.53
PBW PowerShares WilderHill Clean Energy 10.64% 1,484,541 138.23
GDXJ Market Vectors Junior Gold Miners 10.56% 25,285,249 1,740.21
SIL Global X Silver Miners 10.41% 1,092,118 229.83
QCLN First Trust NASDAQ Clean Edge Green Energy 9.48% 287,760 31.73
AZIA Global X Central Asia & Mongolia 9.23% 3,932 2.20

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VXX iPath S&P 500 VIX Short-Term Futures ETN -13.85% 258,759,190 1,206.11
VIIX VelocityShares VIX Short Term ETN -13.85% 3,584,663 20.59
VIXY ProShares VIX Short-Term -13.81% 10,970,553 190.60
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -6.45% 814,068 43.69
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -6.18% 2,875,030 52.43
VIXM ProShares VIX Mid-term -6.18% 288,862 58.09
VIIZ VelocityShares VIX Mid Term ETN -6.18% 9,600 3.66
UNG United States Natural Gas -5.25% 27,607,912 889.16
DCNG iPath Pure Beta Seasonal Natural Gas ETN -4.21% 38,210 42.12
UNL United States 12 Month Natural Gas -3.94% 94,207 37.83

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.


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