Freight ETFs Smashed S&P 500 in December Returns

Finance Reporter

Jan 05, 2024

Reviewed by: Ron Day

Edited by: etf.com Staff

As the stock market took a positive turn in the second half of 2023, ETFs saw an overall solid improvement in performance. In December, an eclectic group of funds were the top performers, including the $51 million Breakwave Dry Bulk Shipping ETF (BDRY), which offers investors exposures to freight futures, and the Global X Solar ETF (RAYS).

With BDRY and RAYS climbing 7.18% and 4.61%, respectively, the second top performing fund only narrowly beat the S&P 500, which was up 4.42% in December, which brough its yearly 2023 returns to 24.23%. The ETFs in this chart do not include leverage/inverse funds or ETFs with less than 1,000 shares traded.

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
BDRY	Breakwave Dry Bulk Shipping ETF	7.18%	589,670	61.11%
RAYS	Global X Solar ETF	4.61%	11,345	7.12%
CNXT	VanEck ChiNext ETF	4.39%	69,208	17.22%
KGRN	KraneShares MSCI China Clean Technology Index ETF	4.36%	34,018	66.91%
CANE	Teucrium Sugar Fund	4.28%	131,891	17.73%
UNG	United States Natural Gas Fund LP	3.84%	41,306,751	973.83%
KBUY	KraneShares CICC China Consumer Leaders Index ETF	3.80%	6,280	4.38%
KBA	KraneShares Bosera MSCI China A 50 Connect Index ETF	3.30%	244,857	280.23%
KFVG	KraneShares CICC China 5G & Semiconductor Index ETF	3.16%	6,570	11.18%
MCH	Matthews China Active ETF	3.11%	160,597	21.66%

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.

Lucy Brewster

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Lucy Brewster is a finance reporter at etf.com covering asset managers, emerging technologies, and regulation. She hosts etf.com webinars and appears on Exchange Traded Fridays, etf.com’s flagship podcast. She previously was a finance fellow at Fortune Magazine where she covered markets, investment strategy, and venture capital. She has also been a freelancer writer at the publication Mergers & Acquisitions and a research fellow at the Historic Hudson Valley.

She graduated from Vassar College in 2022 with a degree in History and was an editor of The Miscellany News, the college's award winning student run newspaper.

Lucy lives in Brooklyn, NY, and in her free time she loves to run and find new recipes to cook.

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