Best/Worst Daily ETF Returns: GDXJ Falls 3.91%

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The Market Vectors Junior Gold Miners (GDXJ - News) was one of the worst-performing funds on Thursday, as gold values softened on the heels of a dropping U.S. stock market.

GDXJ shed nearly 4 percent in value yesterday, as did the Global X Gold Explorers ETF (GLDX - News) and the PowerShares Global Gold and Precious Metals Portfolio (PSAU - News), which gave up 3.9 percent and 3.6 percent, respectively.

The worst-performing gold-related ETF, however, was the equities-focused iShares MSCI Global Gold Miners Index Fund (RING - News), which dropped nearly 4.5 percent on the day.

The backdrop for gold’s weakness was a volatile day of mostly weak performance in the U.S. stock market. The bleeding only stopped late in the session when equities found a footing on rumors that European leaders might have agreed on some measure to ease the region’s debt crisis. The Dow Jones industrial average trimmed its earlier losses and closed 24.75 points lower, or 0.2 percent, at 12,602.26.

Indeed, after the market close, news emerged that the ongoing summit in Europe had yielded an agreement to feed some 120 billion euros into the region to stimulate growth, according to a report published on MarketWatch.

Largely as-expected domestic economic data such as weekly jobless claims helped fuel a sense that even though the U.S. economy is soft, it could move forward particularly in the face of increasingly cheaper energy costs.

Still-dropping energy values are mostly a reflection of concerns over dropping aggregate demand in a global economy that’s been slowed by Europe’s financial troubles. The iPath Pure Beta Energy ETN (ONG - News), in fact, was the worst-performing fund Thursday, shedding 14 percent in value.

The $1.76 million ETN has dropped more than 20 percent in the past month.

On the flip side, a couple of oil-related funds were among the strongest performers in the day. The SPDR S'P Oil ' Gas Equipment and Services ETF (XES - News) and the PowerShares Dynamic Oil ' Gas Services Portfolio (PXJ - News) each gained nearly 2 percent on the day.

 


Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
IFAS iShares FTSE EPRA/NAREIT Developed Asia 2.85% 1,091 19.41
COW iPath Dow Jones-UBS Livestock Total Return ETN 2.49% 35,541 52.16
BAL iPath Dow Jones-UBS Cotton Total Return ETN 2.30% 14,212 29.78
AMJ JPMorgan Alerian MLP ETN 2.10% 2,527,904 4,775.58
IDLV PowerShares S'P International Developed Low Volatility 2.05% 2,341 5.19
XES SPDR S'P Oil ' Gas Equipment ' Services 1.86% 79,352 239.68
CANE Teucrium Sugar 1.86% 3,703 0.95
PXJ PowerShares Dynamic Oil ' Gas Services Portfolio 1.78% 11,461 119.54
TDH db-X 2020 Target Date 1.76% 6,098 32.27
DIRT iPath Pure Beta Agriculture ETN 1.76% 3,114 2.71

Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
ONG iPath Pure Beta Energy ETN -13.98% 4,300 2.10
TAGS Teucrium Agricultural -5.86% 1,194 2.45
RING iShares MSCI Global Gold Miners -4.47% 6,330 29.73
GDXJ Market Vectors Junior Gold Miners -3.91% 3,669,981 2,031.73
GLDX Global X Gold Explorers -3.86% 84,185 26.68
PSAU PowerShares Global Gold and Precious Metals Portfolio -3.57% 6,543 31.13
TSXV Global X S'P/TSX Venture 30 Canada -3.32% 6,800 1.65
VXX iPath S'P 500 VIX Short-Term Futures ETN -3.27% 50,006,787 1,755.22
VIIX VelocityShares VIX Short Term ETN -3.25% 363,736 73.77
VIXY ProShares VIX Short-Term -3.19% 787,962 146.97

 

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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