ETF Scorecard – May 9th Edition

ETF Database

Major equity benchmarks endured a choppy trading week thanks to uneventful earnings releases and a lack of major developments in the overseas conflict between Russia and Ukraine. All in all, the lack of both good and bad news kept many investors on the sidelines while traders paved the way for back-and-forth swings on Wall Street. 

To help investors keep up with markets, we present our ETF Scorecard, which takes a step back and looks at how various asset classes across the globe are performing. For most of the return comparisons below, we reference trailing 1-week and trailing 1-month returns; this offers a good insight into the prevailing sentiment in the markets by capturing the performance across short-term and longer-term time intervals [for more ETF news and analysis subscribe to our free newsletter].

Risk Appetite Review

Investors continued to dial back on their exposure to risky assets over the past week as evidenced by Low Volatility stocks outperforming the rest of this group. 

Major Index Review

“Risk Off” remains the dominant theme, seeing as how developed, large-cap benchmarks remain ahead of their small cap and emerging markets counterparts when considering trailing one-month returns. 

Domestic Sector Review

Back-and-forth trading throughout the week left many of the sectors unchanged for the most part. When considering trailing monthly returns, the energy sector clearly stands out as the single best performing corner of the domestic market. 

Sector Valuations

In terms of valuations, the energy, materials, and utilities sectors saw their P/Es tick higher over the past week while the rest of the group experienced a slight contraction. 

Foreign Equity Review

Russia and Brazil took the lead this week while bearish pressures kept a lid on China, which is now the worst performer by far when considering monthly returns from this group. 

Regional Valuations

In terms of valuations, Emerging Europe, Latin America, and the Middle East saw slight improvements with regards to their forward-looking valuations, while the rest of the group’s P/E ratios contracted slightly over the last week. 

Fixed-Income Review

Bond yields inched lower across the board for the most part, as investors jumped back into some fixed-income securities amid choppy trading on Wall Street. 

Alternatives Review

Commodities

In the commodity space, copper and oil prices inched higher throughout the week, although not by much; from a monthly perspective, precious metals remain the worst performers, with silver remaining at the bottom of the barrel. 

Currencies

In the currency space, bearish pressures surrounding the U.S dollar paved the way higher for most others in this group, namely the Aussie dollar and emerging markets currencies. 

*All data as of market close 5/8/2014.

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Disclosure: No positions at time of writing.

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