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|
|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|
|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%|
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.