Top And Bottom ETF Performers, First Half

July 16, 2007

The Market Vectors Steel (AMEX: SLX) turned in the best first-halfperformance of any exchange-traded fund (ETF), posting a 42.46 percentrise since January. That easily topped the nearest competition, theiShares Brazil (NYSE: EWZ) fund, which turned in a 30.8% return.Clearly, metals, energy and emerging markets were the places to be forthe first half of this year.

The Market Vectors Steel (AMEX: SLX) turned in the best first-half performance of any exchange-traded fund (ETF), posting a 42.46 percent rise since January. That easily topped the nearest competition, the iShares Brazil (NYSE: EWZ) fund, which turned in a 30.8% return. Clearly, metals, energy and emerging markets were the places to be for the first half of this year.

Top Ten Performing ETFs - First Half, 2007

Fund

Ticker

ER

YTD

3-Mo

Market Vectors Steel Sector ETF

SLX

0.55

42.46

17.76

iShares Brazil

EWZ

0.74

30.83

24.23

PowerShares Dynamic Oil & Gas

PXJ

0.64

30

22.9

iShares Malaysia

EWM

0.57

28.35

8.68

WisdomTree International Basic Materials

DBN

0.58

28.31

14.56

SPDR Metals & Mining

XME

0.36

27.93

9.47

iShares DJ US Oil Equipment

IEZ

0.48

27.36

19.65

SPDR Oil & Gas Equip & Services

XES

0.36

25.79

17.39

iShares S&P Latin 40

ILF

0.5

25.65

19.6

iShares SP Global Materials

MXI

0.48

24.82

13.54

On the other side of the table, the iShares Dow Jones US Home Construction ETF (NYSE: ITB) delivered the worst return, falling 25.8%, followed by the SPDR Homebuilders (AMEX: XHB) at negative 18.3%. Indeed, the "ten worst" list is dominated by the real estate and homebuilding industry, which truly took it on the chin in the beginning of this year.

Worst Ten Performing ETFs - First Half, 2007

Fund

Ticker

ER

YTD

3-Mo

iShares Dow Jones US Home Construction

ITB

0.48

-25.78

-8.32

SPDR Homebuilders

XHB

0.36

-18.31

-6.56

iShares C&S Realty

ICF

0.35

-8.57

-11.63

PowerShares Dynamic Banking Portfolio

PJB

0.6

-7.83

-4.87

streetTRACKS KBW Regional Bank

KRE

0.36

-7.04

-3.3

Market Vectors Gold Miners

GDX

0.55

-6.65

-3.87

SPDR DJ Wilshire REIT

RWR

0.26

-6.5

-9.8

Vanguard REIT Index

VNQ

0.12

-6.27

-9.35

iShares DJ Real Estate

IYR

0.6

-6.19

-8.71

iShares DJ Regional Banks

IAT

0.48

-3.96

-1.53

The list only includes ETFs that have been trading since January 2007.

On a broader basis, large-cap U.S. stocks outperformed small-caps in the first half, with the Russell 1000 returning 5.54% vs. 3.78% for the Russell 2000. Growth also outperformed value, with the growth version of each index beating out the value index easily. The place to be, however, was mid-caps, which easily outpaced large- and small-caps on all fronts.

Index

Return

Growth

Value

Russell 1000

5.54%

5.95%

4.98%

Russell 2000

3.78%

5.16%

2.51%

Russell Midcap

8.52%

8.35%

8.15%

A complete list of performance can be created and sorted using IndexUniverse.com's industry-leading data tool: www.indexuniverse.com/data.

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