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Best/Worst Weekly ETF Returns: Solar Spikes

Olly Ludwig

Guggenheim’s solar ETF “TAN” shot up 15.6 percent in the past week, just one of many outperforming solar funds, after First Solar—a key holding in each of those funds—released optimistic earnings guidance for 2013.

The S'P 500 rallied 33.39 points, or 2.14 percent, over the same five-day period ended Thursday, April 11, hitting an all-time record of 1593.37 at the close.

A total of five solar-focused funds landed atop the performance pile, ranging from the PowerShares WilderHill Clean Energy’s (PBW) increase of 6.89 percent to the top-performing TAN, which, again, gained a hefty 15.6 percent.

The Global X FTSE Greece 20 fund (GREK) vaulted 11.59 percent as European stocks advanced.

The yen-hedged Japan-focused db X-trackers MSCI Japan Hedged Equity (DBJP) and the WisdomTree Japan Hedged Equity Fund (DXJ) enjoyed respective gains of 10.68 and 10.25 percent, as optimism toward the BoJ’s ability to finally begin reversing the country’s quarter-century deflationary period gained ground.

As the BoJ put further downward pressure on the yen, the CurrencyShares Japanese Yen Trust ETF (FXY) suffered a 6.69 percent blow, serving to teach that Japan’s easing has an up- and downside, depending on the angle from which you invest.

In other performance losses, with both the S'P 500 and Dow Jones industrial average rallying to all-time highs, it’s no surprise that the week’s worst performers were predominantly volatility funds—ETFs designed to outperform when markets fall, and vice versa.

Meanwhile, the soaring markets caused ETNs focused on volatility to underperform.

The iPath S'P 500 VIX Short-Term Futures ETN (VXX) dropped 8.97 percent, with other short-term VIX funds sinking as much, and midterm VIX ETNs suffering about half those losses.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAN Guggenheim Solar 15.66% 1,205,870 64.29
GREK Global X FTSE Greece 20 11.59% 285,723 24.89
DBJP db X-trackers MSCI Japan Hedged Equity 10.68% 757,017 27.58
KWT Market Vectors Solar Energy 10.27% 59,067 11.91
DXJ WisdomTree Japan Hedged Equity 10.25% 39,723,141 6,543.36
PSCE PowerShares S'P SmallCap Energy 8.64% 166,067 27.78
QCLN First Trust NASDAQ Clean Edge Green Energy 7.76% 152,477 26.86
PBW PowerShares WilderHill Clean Energy 6.89% 1,520,164 139.05
FCG First Trust ISE-Revere Natural Gas 6.49% 5,045,918 440.24
EWI iShares MSCI Italy Capped 6.44% 6,145,881 548.50

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN -13.03% 9,125 0.65
VXX iPath S'P 500 VIX Short-Term Futures ETN -8.97% 230,128,836 1,241.49
VIIX VelocityShares VIX Short Term ETN -8.97% 3,508,682 18.00
VIXY ProShares VIX Short-Term -8.93% 11,419,180 215.30
PALL ETFS Physical Palladium -6.81% 407,795 553.02
FXY CurrencyShares Japanese Yen Trust -6.69% 4,575,249 118.09
BAL iPath Dow Jones-UBS Cotton Total Return ETN -4.30% 105,063 42.12
VXZ iPath S'P 500 VIX Mid-Term Futures ETN -4.28% 2,561,744 47.88
VIXM ProShares VIX Mid-term -4.28% 397,750 60.50
VIIZ VelocityShares VIX Mid Term ETN -4.28% 1,960 3.70

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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