Top And Bottom Performers

November 13, 2007

Starting this week, I’m adding a new feature to ETF Watch: I’m going to start tracking the top and bottom performing ETFs for the week.

I just put together the first set of tables, and boy, what interesting data. With last week’s volatility, there were some big movers in the top ten, and the lists certainly provide an interesting window on the market.

The list excludes leveraged, short and inverse-leveraged ETFs; those funds tend to dominate top ten lists, but tey don’t really provide much insight into the markets. It also excludes ETNs, due to a lack of data availability.

Here are the top ten performers

Top Ten Performers* – Week Ending 11/9/2007
Name Ticker Return
iShares Lehman 10-20 Year Treasury Bond Fund TLH 7.17%
Market Vectors Alternate Energy ETF GEX 6.46%
PowerShares DB Silver Fund DBS 6.40%
iShares Silver Trust SLV 5.66%
PowerShares DB Precious Metals Fund DBP 3.88%
PowerShares DB Gold Fund DGL 3.25%
SPDR Lehman International Treasury Bond ETF BWX 3.18%
streetTRACKS Gold Trust GLD 3.10%
iShares COMEX Gold Trust IAU 3.01%
Rydex Swiss Franc Trust FXF 2.91%

Can you say rush to quality? Long-term bonds, precious metals and Swiss francs? It’s hard to put together a more cautious list. The only standout is GEX, the Market Vectors Alternative Energy ETF, which has been tearing along on the coat-tails of $90/barrel oil.

And the bottom 10? This is even more interesting.

Ten Worst Performing ETFs – Week Ending 11/9/2007
Fund Ticker Return
First Trust ISE ChIndia Index Fund FNI -13.39%
PowerShares Golden Dragon Halter USX China Portfolio PGJ -12.71%
Internet Architecture HOLDRS IAH -11.11%
iShares FTSE/Xinhua China 25 FXI -9.74%
SPDR S&P China ETF GXC -9.23%
iShares DJ US Technology IYW -8.79%
PowerShares Dynamic Hardware & Consumer Electronics Portfolio PHW -8.71%
iShares S&P GSTI Technology Index Fund IGM -8.44%
Morgan Stanley Technology ETF MTK -8.42%
Internet HOLDRS HHH -8.40%

Basically, the bottom 10 has two modalities: China and Technology. The pullback in China is not surprising, as that market has been ripping along at a steady pace for some time. But the technology wreckage is a surprise. Although many still consider technology “risky,” valuations have retreated considerably since the tech bubble burst in 2001, and some consider these safe – almost value plays. Apparently, those sentiments went awry last week.

Check it out later this afternoon at www.indexuniverse.com/etfwatch. There’s also volume data, and of course, all the latest listings, filings and funds in registration.

 

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