Best/Worst Weekly ETF Returns: Metals Down

ETF.com

Industrial metals funds fell behind in the week ending Thursday, May 2, while a slew of different funds—from telecommunication and biofuel, to solar and gold—outperformed.

The S'P 500 rallied 12.73 points over that same five-day period, climbing 0.08 percent to close at 1,597.59.

The iShares MSCI ACWI ex-US Telecommunication Services fund (AXTE) was the biggest gainer, tagging 6.28 percent on to its price return after its largest holding, Vodafone Group Plc., made moves to sell its massive stake in Verizon Wireless, potentially reaping billions from the deal.

Other top gainers included the Teucrium Corn ETF (CORN), which piled on 5.76 percent, likely attributable to fluctuations in the commodity’s seasonal availability.

A handful of industrial metals funds dropped by as much as 7.82 percent, led by the iPath Dow Jones-UBS Tin Total Return ETN (JJT). Funds included single-metal focus, like tin-focused JJT and the iPath Dow Jones-UBS Aluminum Total Return ETN (JJU), while broadly focused industrial metals funds like iPath’s Dow Jones-UBS Industrial Metals Total Return ETN (JJM) were hit as well.

The drop in industrial metals performance is likely collateral damage of growing concerns surrounding economic slowdown in China.

In other losses, the Global X Gold Explorers fund (GLDX) sank 5.63 percent.


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
AXTE iShares MSCI ACWI ex-US Telecommunication Services 6.28% 1,200 2.80
CORN Teucrium Corn 5.76% 483,226 36.85
AGF PowerShares DB Agriculture Long ETN 5.73% 1,400 4.68
FUE ELEMENTS MLCX Biofuels Total Return ETN 5.59% 1,014 1.11
INCO EGShares India Consumer 5.05% 11,024 7.22
AXUT iShares MSCI ACWI ex-US Utilities 5.03% 6,490 6.75
TAN Guggenheim Solar 4.94% 1,276,372 73.43
SMIN iShares MSCI India Small Cap 4.89% 14,050 4.63
TUR iShares MSCI Turkey Investable Market 4.79% 1,312,173 938.25
AGOL ETFS Physical Asian Gold 4.67% 2,275 72.81

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
JJT iPath Dow Jones-UBS Tin Total Return ETN -7.82% 15,194 6.71
LEDD iPath Pure Beta Lead ETN -6.08% 1,100 0.71
JJU iPath Dow Jones-UBS Aluminum Total Return ETN -5.73% 15,977 2.86
GLDX Global X Gold Explorers -5.63% 769,687 29.42
MSXX PureFunds ISE Mining Service -5.62% 26,500 0.93
JJM iPath Dow Jones-UBS Industrial Metals Total Return ETN -5.30% 10,754 25.95
DBB PowerShares DB Base Metals -5.30% 649,134 308.13
JJN iPath Dow Jones-UBS Nickel Total Return ETN -5.12% 1,200 5.66
MOM QuantShares U.S. Market Neutral Momentum -5.00% 9,352 1.24
LD iPath Dow Jones-UBS Lead Total Return ETN -4.95% 6,885 2.75

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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