ETF Scorecard – November 21st Edition
November 21 2014 - 9:00AM
ETFDB
Much to the bears’ frustrations, the bulls remain in the
driver’s seat although their foot has eased off on the gas pedal
considerably over the past two weeks. Overseas, the ECB dropped
another hint of expanding stimulus while upbeat sentiment data from
Germany helped to spark a minor rally across the currency bloc. At
home, investors didn’t digest any major data releases, although a
few were encouraging, including better-than-expected home builders
index and existing home sales [see also Global X Debuts China Bonds
ETF (CHNB)].
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 performances across
short-term and longer-term time intervals [for more ETF news and
analysis subscribe to our free newsletter].
Risk Appetite Review
The bulls remain in control as evidenced by positive returns
across the board, although their risk appetite has contracted a bit
seeing as how Low Volatility outperformed High Beta:
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([
['Ticker', '5-Day Return', {role: 'style'}], ['S&P 500 (SPY)',
0.68, 'blue'], ['Equal Weight (RSP)', 0.96, 'orange'], ['High Beta
(SPHB)', 0.25, 'red'], ['Low Volatility (SPLV)', 0.41, 'green'],
]); var formatter = new google.visualization.NumberFormat( {suffix:
"%"}); formatter.format(data,1); // Create and draw the
visualization. new
google.visualization.BarChart(document.getElementById('visualization105191')).
draw(data, {title:"Comparing Risk Preferences", width:700,
height:400, vAxis: {title: ""}, hAxis: {title: ""}} ); }
google.setOnLoadCallback(drawVisualization); Major Index Review
The Nasdaq-100 turned in the best performance for a
second week in a row, while Small Caps were the worst
performers, ending in red territory:
// // Domestic Sector Review
The Energy and Materials sectors were the
best performers, while Financials was the only one
to end the week in red:
// // Foreign Equity Review
On the international front, Brazil, Russia, and Germany
posted the biggest gains for the week while China and
Australia were the biggest laggards, ending in red:
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'1-Week Return', '1-Month Return'], ['Brazil (EWZ)', 3.73, 3.24],
['Russia (RSX)', 3.14, 0.29], ['India (EPI)', 0.09, 3.32], ['China
(FXI)', -3, -0.03], ['Japan (EWJ)', -1.87, 2.94], ['Australia
(EWA)', -3.19, -2.68], ['Germany (EWG)', 2.9, 4.22], ['United
Kingdom (EWU)', 0.37, 2.36], ]); var formatter = new
google.visualization.NumberFormat( {suffix: "%"});
formatter.format(data,1); formatter.format(data,2); var options = {
title:"", width:700, height:400, title: "Geographic Review:
Comparing Single Countries", colors: ["green", "orange"] }; //
Create and draw the visualization. new
google.visualization.ColumnChart(document.getElementById('visualization105200')).
draw(data, options); } google.setOnLoadCallback(drawVisualization);
Alternatives Review
Commodities
Natural gas was the biggest winner over the past week and is
also by far the biggest winner from a monthly
perspective:
// //
Currencies
On the currency front, the Japanese yen was the worst
performer over the past week and remains the biggest laggard from a
monthly perspective:
// //
*All data as of market close 11/20/2014.
Follow me on Twitter @Sbojinov.
[For more ETF analysis, make sure to sign up for our free ETF
newsletter]
Disclosure: No positions at time of writing.
Click here to read the original article on ETFdb.com.
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