Best/Worst Weekly ETF Returns: GREK Off 18.6%

May 18, 2012

GREK tumbled 18.57 percent in the week ended May 17, as the current structure of the eurozone teeters on the brink.

The Global X FTSE Greece 20 ETF (NYSEArca: GREK) was last week’s worst-performing exchange-traded product, a fitting outcome when investors have been on tenterhooks regarding the fate of Greece in the eurozone.

Funds linked to the global appetite for commodities were also hammered last week, starting with the Global X S&P/TSX Venture 30 Canada ETF (NYSEArca: TSXV), which has its share of companies in the materials and energy industries. TSXV fell 14.16 percent, according to data compiled by IndexUniverse.

Greece has yet to form a government since its elections earlier this month, and investors are bracing for a backlash against austerity measures aimed at setting Greece on course to pay down its considerable debts. Spain meanwhile is looking vulnerable too amid the downgrade of many banks there, adding to the euro gloom.

The Market Vectors Vietnam ETF (NYSEArca: VNM) meanwhile fell about 14 percent in the five trading days ended May 17, giving back some of its sharp gains so far this year. The fund remains almost 29 percent higher on the year, according to data posted on Google Finance.

Solar energy-related investments continued to be quite poor, with the Market Vectors Solar Energy ETF (NYSEArca: KWT) and the Guggenheim Solar ETF (NYSEArca: TAN) losing 13 and 11.27 percent, respectively.

Alternative energy investments are closely linked to the price of oil, and recently U.S. crude futures have dipped below $100 a barrel with all the macroeconomic uncertainty.

Biggest Gainers

 

Eight of the 10 best-performing exchange-traded products were tools designed to profit from increased volatility.

The C-Tracks Exchange-Traded Notes on the Citi Volatility Index (NYSEArca: CVOL) returned 36.36 percent for those lucky enough to have signed up in time for the ride.

Apart from the volatility ETNs, two long-term Treasurys-focused funds sat in the Nos. 9 and 10 slots on IndexUniverse’s top 10 performers list last week.

They were the Pimco 25+ Year Zero Coupon U.S. Treasury ETF (NYSEArca: ZROZ) and the Vanguard Extended Duration Treasury ETF (NYSEArca: EDV), which returned 8.5 and 7.56 percent, respectively.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 36.36% 476,765 10.94
VIIX VelocityShares VIX Short Term ETN 22.20% 1,473,833 32.32
VIXY ProShares VIX Short-Term 22.16% 4,451,615 190.02
VXX iPath S&P 500 VIX Short-Term Futures ETN 22.02% 281,481,504 2,251.57
VXBB ETRACS 2-Month S&P 500 VIX Futures ETN 14.60% 2,000 6.27
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 12.77% 2,271,461 246.09
VIXM ProShares VIX Mid-term 12.50% 329,055 117.07
VXDD ETRACS 4-Month S&P 500 VIX Futures ETN 11.72% 1,400 7.37
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 8.53% 186,914 158.40
EDV Vanguard Extended Duration Treasury 7.56% 335,211 200.69

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GREK Global X FTSE Greece 20 -18.57% 182,802 2.06
TSXV Global X S&P/TSX Venture 30 Canada -14.16% 5,225 2.13
VNM Market Vectors Vietnam -14.01% 1,889,056 341.42
URA Global X Uranium -13.49% 1,821,330 138.25
KWT Market Vectors Solar Energy -13.00% 186,890 10.95
EMFN iShares MSCI-Emerging Markets Financials -11.72% 5,866 3.22
SLX Market Vectors Steel -11.31% 352,219 113.47
TAN Guggenheim Solar -11.27% 362,877 53.90
GLDX Global X Gold Explorers -11.06% 536,767 25.02
KOL Market Vectors Coal -10.89% 1,346,788 174.35

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.

Find your next ETF

Reset All