Solar ETFs Top Weekly Returns

May 30, 2014

Last year’s high flyers are still soaring.

Solar-focused ETFs moved higher in the past week, partly buoyed by a deal between Solar City and Groupon that will bring discounted solar installations to an even broader audience.

The Market Vectors Solar Energy ETF (KWT) gained 8 percent in the past week, followed by the

Guggenheim Solar ETF (TAN | B-44), which was up 7.8 percent, making them the best-performing ETFs on ETF.com’s Top 10 performer’s list for the week ended May 29. In the past 12 months, these two ETFs have each seen total returns of more than 60 percent.

This week, SolarCity, a holding of both ETFs, said it partnered with online discount site Groupon to offer, for a limited time, a deal in which SolarCity covers the cost of installing solar panels, and existing SolarCity customers get a $400 credit to apply toward their monthly bill, all for the promotional price of $1. The move is expected to bring even more traction to the solar energy segment.

On the flip side, gold miner ETFs such as the Global X Pure Gold Miners (GGGG | F-56), iShares MSCI Global Gold Miners ETF (RING | B-99) and the Market Vectors Gold Miners ETF (GDX | A-61) were all down more than 5 percent for the week.

Gold-related ETFs face a tough road ahead with the S&P 500 Index striking new highs and investors pouring money into equity-related ETFs and showing little interest for the safe-haven metal.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
KWT Market Vectors Solar Energy 8.03% 4,059 24.68
TAN Guggenheim Solar 7.80% 896,610 461.01
URA Global X Uranium 7.67% 1,108,152 229.94
QAT iShares MSCI Qatar Capped 7.58% 408,842 18.64
XBI SPDR S&P Biotech 7.24% 1,690,427 1,022.35
MES Market Vectors Gulf States 6.88% 171,868 37.12
QCLN First Trust NASDAQ Clean Edge Green Energy 6.11% 440,992 137.46
RGRA RBS Rogers Enhanced Agriculture ETN 6.00% 19,102 10.03
UAE iShares MSCI UAE Capped 5.97% 862,101 36.85
PBW PowerShares WilderHill Clean Energy 5.88% 645,520 198.79

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
EEH ELEMENTS Linked to SPECTRUM Large Cap U.S. Momentum ETN -10.12% 20,087 0.00
GGGG Global X PURE Gold Miners -5.73% 18,169 3.93
RING iShares MSCI Global Gold Miners -5.66% 559,940 55.52
GDX Market Vectors Gold Miners -5.16% 110,374,310 7,220.22
PSAU PowerShares Global Gold and Precious Metals -5.06% 89,265 23.35
GDXJ Market Vectors Junior Gold Miners -5.03% 20,475,521 1,716.28
GLDX Global X Gold Explorers -5.00% 214,192 37.70
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -4.89% 27,846 5.56
TDD db X-trackers 2010 Target Date -4.77% 2,854 10.16
SIL Global X Silver Miners -4.59% 975,069 207.82

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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