Best/Worst Weekly ETF Returns: Gold Miners Tank

February 22, 2013

The Market Vectors Junior Gold Miners plummeted nearly 11 percent as gold prices hit six-month lows.

The Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) was the worst-performing fund in the past week, with a whopping 10.87 percent drop, while three other gold miner funds followed suit.

Among them, the Global X Gold Explorers (NYSEArca: GLDX), the Global X PURE Gold Miners (NYSEArca: GGGG) and the iShares MSCI Gold Miners Index Fund (NYSEArca: RING), sinking 9.83, 9.35 and 8.35 percent, respectively, as gold stocks continued to be hit by weakness in the gold market.

Indeed, gold prices slumped to a six-month low in the past week, while the S&P 500 dropped 1.2 percent over the same five-day period.

Silver miner funds were collaterally effected, with the Global X Silver Miners (NYSEArca: SIL) shedding 9.92 percent and the iShares MSCI Global Silver Miners (NYSEArca: SLVP) dropping 8.73 percent of its volume.

On the flip side, equities funds focused on Japanese small-cap equities did well, ranking among some of the best-performing ETFs in the week.

The SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca: JSC), the iShares MSCI Japan Small Cap Index Fund (NYSEArca: SCJ) and the WisdomTree Japan Small Cap Dividend ETF (NYSEArca: DFJ) gained anywhere between 2.7 and 3 percent.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term 4.50% 8,709,091 190.36
VXX iPath S&P 500 VIX Short-Term Futures ETN 4.46% 205,765,162 1,388.52
VIIX VelocityShares VIX Short Term ETN 4.46% 2,673,080 13.01
SOYB Teucrium Soybeans 2.98% 33,479 7.36
JSC SPDR Russell/Nomura Small Cap Japan 2.93% 28,817 63.16
SCJ iShares MSCI Japan Small Cap 2.88% 42,908 54.80
BTAL QuantShares U.S. Market Neutral Anti-Beta 2.76% 89,325 13.96
DFJ WisdomTree Japan SmallCap Dividend 2.69% 205,103 164.50
EPHE iShares MSCI Philippines Investable Market 2.48% 1,435,349 325.79
EWY iShares MSCI South Korea Capped 2.25% 10,849,034 3,374.10

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GDXJ Market Vectors Junior Gold Miners -10.87% 29,891,943 2,133.53
JJN iPath Dow Jones-UBS Nickel Total Return ETN -9.96% 9,787 5.80
SIL Global X Silver Miners -9.92% 1,015,651 284.89
GLDX Global X Gold Explorers -9.83% 791,590 34.62
GGGG Global X PURE Gold Miners -9.35% 19,128 3.37
PSAU PowerShares Global Gold and Precious Metals -8.91% 54,970 30.67
SLVP iShares MSCI Global Silver Miners -8.73% 17,284 1.83
RING iShares MSCI Global Gold Miners -8.35% 69,836 25.65
COPX Global X Copper Miners -8.33% 99,825 30.00
CU First Trust ISE Global Copper -8.03% 105,615 43.54

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.

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