Best/Worst Weekly ETF Returns: Gold Funds Fall

April 05, 2013

Gold miner ETFs like 'GLDX' got trashed in the week ended Thursday, April 4, as the S&P fell 0.5 percent on macro jitters.

Gold miner funds saw double-digit losses and topped the worst performers list in the week ending April 4, while markets eased amid growing macro jitters, putting two bond funds at the top of the best performers list.

The Global X Gold Explorers fund (NYSEArca: GLDX), with a sizable loss of 11.15 percent, was the biggest loser, but six other gold and gold miners funds suffered losses upward of 7 percent as well.

While the S&P 500 fell 9.21 points, or 0.05 percent, over that five-day period, rallying markets led the S&P to close at a record, which weighed on prices of safe-haven precious metals.

The iPath Dow Jones UBS Grains Total Return ETN (NYSEArca: JJG) and the Teucrium Corn fund (NYSEArca: CORN) were the only nonprecious metals funds on the worst performers list, sinking 9.77 and 9.22 percent, respectively, as demand for the commodities stumbled in the off-season.

On the flip side, two bond funds—the Pimco 25+ Year Zero Coupon U.S. Treasury fund (NYSEArca: ZROZ) and the Vanguard Extended Duration Treasury fund (NYSEArca: EDV)—rose 3.23 and 2.97 percent, respectively, as the bond-friendly response to Japan's plans spread across the Pacific to U.S. markets.

The best performers list was also home to two REIT ETFs—the SPDR Dow Jones REIT (NYSEArca: RWR) and the Schwab U.S. REIT (NYSEArca:  SCHH)—both rising 2.46 percent following the release of strong economic data in the housing sector.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 3.23% 44,307 87.93
EDV Vanguard Extended Duration Treasury 2.97% 86,486 165.17
REZ iShares FTSE NAREIT Residential Plus Capped 2.90% 191,846 317.04
ICF iShares Cohen & Steers Realty Majors 2.80% 1,418,709 2,986.70
GRN iPath Global Carbon ETN 2.78% 4,600 0.76
SCIF Market Vectors India Small-Cap 2.67% 1,430,924 108.81
BTAL QuantShares U.S. Market Neutral Anti-Beta 2.64% 2,424 14.39
RWR SPDR Dow Jones REIT 2.46% 1,042,854 2,173.55
SCHH Schwab U. S. REIT 2.46% 511,696 517.97
GRI Cohen & Steers Global Realty Majors 2.45% 138,820 102.24

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GLDX Global X Gold Explorers -11.15% 700,657 33.59
GDXJ Market Vectors Junior Gold Miners -10.93% 20,843,656 2,043.14
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -9.94% 28,413 3.14
JJG iPath Dow Jones UBS Grains Total Return ETN -9.77% 190,428 107.84
CORN Teucrium Corn -9.22% 358,973 39.20
GGGG Global X PURE Gold Miners -9.08% 14,637 3.08
JUNR Global X Junior Miners ETF -9.01% 36,360 2.79
RING iShares MSCI Global Gold Miners -8.98% 134,676 24.99
PSAU PowerShares Global Gold and Precious Metals -8.13% 34,841 26.73
GDX Market Vectors Gold Miners -7.34% 106,578,709 6,715.13

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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