Freight ETFs Smashed S&P 500 in December Returns
BDRY as well as solar ETF RAYS were best December performers, as China ETFs also gained.
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.
