Best/Worst Daily ETF Returns: KBWI Falls 6.74%
The PowerShares KBW Insurance (KBWI - News) lost 6.74 percent yesterday, making it that day’s worst-performing exchange-traded fund, as the market continued to price in renewed jitters about the health of the global economy.
Also among the bottom performers were three funds that tap into the U.S. housing sector. The iShares Dow Jones U.S. Home Construction (ITB - News) and the SPDR S'P Homebuilders (XHB - News) each shed more than 5 percent on the day, while the PowerShares Dynamic Building ' Construction Portfolio (PKB - News) lost 4.8 percent.
The alternative energy-focused Market Vector Solar Energy (KWT - News) lost 5.7 percent on the day, making it the second worst-performer. Its assets are now just under $11 million.
ETFs were caught in a general downdraft. The Dow Jones industrial average fell 156.06 to 12,442.49, a 1.24 percent drop linked in part to the downgrades of Spanish banks.
The Dow has fallen in 11 of the past 12 sessions as Europe’s debt crisis appears to be heading to a climax, perhaps involving the departure of Greece from the eurozone.
Top Performers
On the flip side, volatility-focused strategies continued to resonate with investors, as five out of the top 10 best-performing exchange-traded products on Thursday were ETNs or ETFs designed to jump in price at times of heightened market turbulence.
The C-Tracks ETNs on the Citi Volatility (CVOL - News) led the group, with gains of 7.75 percent.
The Etracs 4-Month S'P 500 VIX Futures ETN (VXDD - News) and the Etracs 2-Month S'P 500 VIX Futures ETN (VXBB - News) gained 6.7 percent and 5.7 percent, respectively.
VIX strategies from providers such as ProShares, iPath and VelocityShares also made the list.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | 7.75% | 191,897 | 10.94 |
VXDD | ETRACS 4-Month S'P 500 VIX Futures ETN | 6.74% | 1,300 | 7.37 |
GLDX | Global X Gold Explorers | 5.72% | 68,113 | 25.02 |
VXBB | ETRACS 2-Month S'P 500 VIX Futures ETN | 5.71% | 1,100 | 6.27 |
VIXY | ProShares VIX Short-Term | 4.92% | 1,254,622 | 190.02 |
VIIX | VelocityShares VIX Short Term ETN | 4.88% | 297,550 | 32.32 |
GAZ | iPath Dow Jones-UBS Natural Gas Total Return ETN | 4.83% | 144,025 | 37.74 |
VXX | iPath S'P 500 VIX Short-Term Futures ETN | 4.63% | 76,243,620 | 2,251.57 |
GDX | Market Vectors Gold Miners | 4.50% | 30,746,744 | 7,606.33 |
RING | iShares MSCI Global Gold Miners | 4.17% | 383,893 | 25.61 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
KBWI | PowerShares KBW Insurance | -6.74% | 3,200 | 5.69 |
KWT | Market Vectors Solar Energy | -5.78% | 94,059 | 10.95 |
ITB | iShares Dow Jones U.S. Home Construction | -5.72% | 3,610,075 | 649.73 |
FAA | Guggenheim Airline | -5.68% | 9,834 | 14.27 |
XHB | SPDR S'P Homebuilders | -5.18% | 14,440,530 | 1,420.15 |
EWAS | iShares MSCI Australia Small Cap | -4.95% | 4,818 | 2.28 |
XTN | SPDR S'P Transportation | -4.94% | 2,836 | 11.78 |
ERUS | iShares MSCI Russia Capped | -4.89% | 287,301 | 100.65 |
RSX | Market Vectors Russia | -4.84% | 8,709,130 | 1,768.32 |
PKB | PowerShares Dynamic Building ' Construction Portfolio | -4.83% | 121,453 | 27.50 |
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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