Best/Worst Weekly ETF Returns: CORN Up 10.16%

July 06, 2012

CORN and other grain ETFs were the top performers in the week ended Thursday, July 5—during which time the Dow rose by 2.3 percent.

Drought conditions across much of the U.S. grain belt helped push commodities ETFs up another week, with funds tapping into corn, wheat and grains in general coming out as the top returners in the week ended Thursday, July 5.

The Teucrium Corn Fund (NYSEArca: CORN) was again one of the best-performing ETFs this week, gaining another 10 percent on the week, and extending its gains to more than 25 percent in the past month alone.

CORN’s price action is a clear indication that U.S. production prospects are increasingly dire and the market is looking to price in what could end up being a shortfall in corn supplies this year.

The fund's gains came in a five-day period when the Dow Jones industrial average climbed 2.3 percent to 12,896.67. However, much of those gains were wiped out on Friday, July 6, when the government reported that the U.S. economy generated just 80,000 jobs in June—fewer than the 95,000 that were expected.

The Teucrium Wheat ETF (NYSEArca: WEAT) told a similar tale. The fund again ranked among the top-performing ETFs in the week, with gains that exceeded 10 percent. WEAT is now up 20.7 percent in the past month.

The iPath Dow Jones UBS Grains Total Return ETN (NYSEArca: JJG) and the Elements MLCX Grains-Total Return ETN (NYSEArca: GRU) were also caught in the bullish grain action. JJG gained 10.5 percent while GRU tagged on 10.2 percent in the past five days.

Still, the single best performing fund this week was the iPath Global Carbon ETN (NYSEArca: GRN), which topped weekly performance charts with returns of 32 percent.

It’s worth noting that its rise is still ongoing as it added another 14.7 percent in gains on Friday. IndexUniverse’s weekly performance survey looks at Thursday-to-Thursday data.

GRN is, however, a very small fund with about $1.5 million in assets, and a daily trading volume that’s pretty small. Indeed, GRN’s striking price gains came with fewer than 500 shares changing hands, on average, on a daily basis.

Coal-focused funds PowerShares Global Coal Portfolio (NYSEArca: PKOL) and the Market Vectors Coal ETF (NYSEArca: KOL) were also solid gainers with returns of more than 10 percent each on the week.

Bottom Performers

One of the worst-performing ETFs in the past week was the Market Vectors Gulf States ETF (NYSEArca: MES). The fund bled 2.3 percent in value, though trading volumes were thin.

The focus this week went again to volatility funds, which dominated the bottom performers ranks.



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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN 32.17% 2,014 1.46
PKOL PowerShares Global Coal Portfolio 10.66% 22,573 10.16
JJG iPath Dow Jones UBS Grains Total Return ETN 10.59% 507,104 179.39
TCHI RBS China Trendpilot ETN 10.57% 3,867 3.79
JO iPath Dow Jones-UBS Coffee Total Return ETN 10.44% 164,531 28.09
WEAT Teucrium Wheat 10.30% 48,968 3.10
GRU ELEMENTS MLCX Grains - Total Return ETN 10.23% 263,085 16.45
CORN Teucrium Corn 10.16% 1,170,958 70.99
KOL Market Vectors Coal 10.11% 580,173 183.96
UGA United States Gasoline 10.08% 192,558 84.17

Bottom 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 -20.39% 177,998 6.71
VXAA ETRACS 1-Month S&P 500 VIX Futures ETN -14.52% 1,100 3.60
VIIX VelocityShares VIX Short Term ETN -14.35% 2,469,739 41.92
VXX iPath S&P 500 VIX Short-Term Futures ETN -14.34% 177,535,144 1,688.31
VIXY ProShares VIX Short-Term -14.31% 2,531,126 135.95
VIXM ProShares VIX Mid-term -7.28% 64,002 82.62
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -7.14% 1,355,683 258.41
LSC ELEMENTS S&P Commodity Trends Indicator - Total Return ETN -3.90% 150,402 29.24
BTAL QuantShares U.S. Market Neutral Anti-Beta -2.71% 147,985 9.47
MES Market Vectors Gulf States -2.29% 2,740 11.09

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