Five of yesterday’s top-performing ETFs were focused on fixed income, reflecting an exodus from equities into the relative safety of corporate and government bonds.
The Pimco 25+Year Zero Coupon U.S. Treasury Bond Fund (ZROZ - News) was the top beneficiary of the rush into bonds, returning 3.97 percent.
Long-term Treasury bond funds did particularly well yesterday as the yield on 10-year Treasury notes dropped to a record low of 1.62 percent, and investors appear to have discounted the possibility that the U.S. will have inflation anytime soon.
Other top-performing funds yesterday were short- and midterm volatility products such as the iPath S'P 500 VIX Short Futures ETN (VXX - News), which was No. 1 on the list, with 6.92 percent in returns.
Worst Performers
The Elements Credit Suisse Global Warning ETN (GWO - News) was the worst-performing fund for the second straight day, with 11.63 percent in losses.
The ETN’s declines reinforce investor skepticism about the prospects for alternative energy in a period of slowing growth and falling oil prices.
GWO was one of a number of energy funds that took a hit yesterday, as the global slowdown has begun to eat into returns across a broad spectrum of energy related ETFs.
Other notable bottom performers were those affected by the eurozone’s debt woes.
They included the Wisdom Tree Euro Debt Fund (EU - News), which suffered losses of 5.23 percent.
Also, the Global X FTSE Greece 20 ETF (GREK - News), a repeat bottom performer in the past several weeks, fell 4.9 percent yesterday.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | 6.92% | 52,006,188 | 1,823.39 |
| VIXY | ProShares VIX Short-Term | 6.75% | 1,150,945 | 169.52 |
| VIIX | VelocityShares VIX Short Term ETN | 6.38% | 331,257 | 31.68 |
| ZROZ | PIMCO 25+ Year Zero Coupon U.S. Treasury | 3.97% | 112,322 | 172.03 |
| EDV | Vanguard Extended Duration Treasury | 3.96% | 27,849 | 225.00 |
| VXZ | iPath S'P 500 VIX Mid-Term Futures ETN | 2.98% | 391,302 | 268.23 |
| HYXU | iShares Global ex USD High Yield Corporate Bond | 2.66% | 2,822 | 23.08 |
| TLT | iShares Barclays 20+ Year Treasury Bond | 2.54% | 17,171,367 | 3,907.24 |
| VIXM | ProShares VIX Mid-term | 2.40% | 14,893 | 108.27 |
| TLO | SPDR Barclays Capital Long Term Treasury | 2.35% | 5,141 | 50.89 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| GWO | ELEMENTS Credit Suisse Global Warming ETN | -11.63% | 28,176 | 2.75 |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | -8.05% | 44,623 | 10.41 |
| UBN | ETRACS CMCI Energy Total Return ETN | -6.00% | 1,600 | 2.82 |
| EU | WisdomTree Euro Debt | -5.23% | 4,502 | 4.82 |
| GREK | Global X FTSE Greece 20 | -4.90% | 29,668 | 2.82 |
| PSCE | PowerShares S'P SmallCap Energy | -4.61% | 21,897 | 52.11 |
| TSXV | Global X S'P/TSX Venture 30 Canada | -4.25% | 1,600 | 2.34 |
| OIH | Market Vectors Oil Services | -4.21% | 4,226,968 | 1,116.05 |
| ITB | iShares Dow Jones U.S. Home Construction | -4.21% | 2,130,034 | 662.07 |
| NAGS | Teucrium Natural Gas Fund | -4.21% | 3,550 | 3.27 |
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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