Best/Worst Weekly ETF Returns: Miners Tank

Gold miners ETFs underperformed dramatically in the week ending June 20; the Global X Gold Explorers fund (GLDX) lagged 18.54 percent behind its previous week’s performance thanks to gold prices sinking 7.4 percent over the past five days, with price-per-troy-ounce grounding out at less than $1,300—its lowest level in more than two years.

Over that same five-day period, the S'P 500 stumbled 48.17 points, or 2.94 percent, closing at 1,588.19.

Mining funds like GLDX completely monopolized the week’s worst performances, with its breathtaking 18.54 percent loss the most incredible. However, even the fund with the smallest loss of the top 10—the Global X Junior Miners ETF (JUNR)—reported a troubling 10.97 percent slide.

Meanwhile, Japan-focused ETFs continued to rebound, strengthening around 5 percent for the second-consecutive week of gains.

The Teucrium Corn fund (CORN) also made a noticeable upward movement of 4.31 percent on a seasonal performance upswing.

As markets drove into the ground, volatility strategies like the ProShares VIX Short-Term fund (VIXY), which spiked 10.79 percent and was the best-performer of the week, outperformed by a landslide, reaping the benefits of a bear market.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term 10.79% 4,689,215 245.98
VIIX VelocityShares VIX Short Term ETN 10.77% 7,647,027 28.17
VXX iPath S'P 500 VIX Short-Term Futures ETN 10.77% 381,648,467 1,544.41
STPP iPath U.S. Treasury Steepener ETN 6.21% 18,481 12.76
VIIZ VelocityShares VIX Mid Term ETN 5.00% 234,422 4.78
VXZ iPath S'P 500 VIX Mid-Term Futures ETN 5.00% 3,222,948 62.53
VIXM ProShares VIX Mid-term 5.00% 969,724 71.91
DBJP db X-trackers MSCI Japan Hedged Equity 4.93% 505,260 111.21
DXJ WisdomTree Japan Hedged Equity 4.45% 54,188,361 9,308.72
CORN Teucrium Corn 4.31% 301,329 42.21

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GLDX Global X Gold Explorers -18.54% 211,491 25.01
GDXJ Market Vectors Junior Gold Miners -17.26% 17,180,295 1,270.54
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -16.04% 31,172 1.48
SIL Global X Silver Miners -15.09% 1,578,962 181.16
GDX Market Vectors Gold Miners -14.31% 129,814,779 5,232.25
RING iShares MSCI Global Gold Miners -13.53% 433,723 26.77
SLVP iShares MSCI Global Silver Miners -13.38% 48,635 3.44
PSAU PowerShares Global Gold and Precious Metals -13.35% 70,696 18.75
GGGG Global X PURE Gold Miners -13.18% 18,453 2.64
JUNR Global X Junior Miners ETF -10.97% 41,577 4.41

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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