Exchange-Traded Funds Corner

July / August 2009
Risk Management

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Exchange-Traded Funds Corner

Written by Journal of Indexes Staff

Friday, 05 June 2009 00:00

Largest New ETFs Sorted By Total Net Assets In $US Millions
Covers ETFs and ETNs launched during the 12 months ended April 30, 2009
Fund Name	Ticker	ER	YTD	1-Mo	3-Mo	Launch Date	Assets
Direxion Financl Bear 3X	FAZ	0.95	-76.72	-59.84	-83.51	11/6/2008	1,307.6
Direxion Financl Bull 3X	FAS	0.95	-67.99	47.82	-11.09	11/6/2008	1,136.3
PowerShares DB Cr Oil Dbl Long	DXO	0.75	7.06	-1.44	1.87	6/16/2008	633.8
iShares MSCI AC Asia ex-Japan	AAXJ	0.74	15.84	17.34	26.15	8/13/2008	426.3
ProShares Ultra DJ-AIG Cr Oil	UCO	0.95	-44.56	-9.86	-26.74	11/24/2008	369.2
Direxion Large Cp Bear 3X	BGZ	0.95	-23.63	-29.48	-35.81	11/5/2008	340.5
Direxion Large Cp Bull 3X	BGU	0.95	-18.14	31.21	8.25	11/5/2008	284.6
Vanguard Total World	VT	0.25	-1.64	12.06	10.34	6/24/2008	251.5
Direxion Small Cp Bull 3X	TNA	0.95	-25.08	46.83	7.90	11/5/2008	219.1
Direxion Small Cp Bear 3X	TZA	0.95	-37.94	-42.21	-49.48	11/5/2008	180.3
ProShares Short Financials	SEF	0.95	-14.31	-21.37	-30.04	6/10/2008	155.8
Direxion Energy Bull 3X	ERX	0.95	-31.44	16.62	-22.29	11/6/2008	141.1
iShares Barclays Agncy Bd	AGZ	0.20	0.18	0.08	0.79	11/5/2008	139.8
ProShares Ultra Gold	UGL	0.95	-2.50	-7.51	-11.47	12/1/2008	126.5
WisdomTree Dryfs ChneseYn	CYB	0.45	2.49	-0.27	1.77	5/14/2008	96.8
PowerShares DB Cr Oil Dbl Short	DTO	0.75	19.11	1.12	-3.32	6/16/2008	86.8
JPMorgan Alerian MLP Index ETN	AMJ	0.85	-	-	-	4/1/2009	83.6
Market Vectors HiYld Muni	HYD	0.35	-	1.37	-	2/4/2009	78.7
WisdomTree Dryfs Brazil Real	BZF	0.45	1.20	6.02	9.55	5/14/2008	69.8
ProShares UltShort Yen	YCS	0.95	13.87	-1.23	17.30	11/24/2008	68.6

Source: Morningstar. Data as of April 30, 2009. ER is expense ratio. YTD is year-to-date. 1-Mo is 1-month. 3-Mo is 3-month.

Selected ETFs In Registration

ALPS Equal Sector Weight ETF

iShares Diversified Alternatives Trust

iShares MSCI ACWI ex US Industrials

Direxion Homebuilders Bull 3X Shares

Emrg Global Shares DJ Em Mkt Titans Tech

ETFS Palladium Trust

FocusShrs Progr Princpl Protn 2035 Tgt Date

Global X Argentina ETF

Grail American Beacon Intl Eqty

IQ ARB Merger Arbitrage ETF

sShares KLD N America Sustainability

PowrShrs Alt-A Non-Agency RMBS Opporty

ProShares Ultra CDX N America HiYield

SPDR Wells Fargo Preferred Stock ETF

SPDR S&P Municipal VRDO ETF

Market Vectors China A Share ETF

WisdomTree DEFA Hedged Fund

CurrencyShares Singapore Dollar Trust

PowerShares Ireland Portfolio

JETS DJ Islamic Market International

Source: IndexUniverse.com's ETF Watch

Largest U.S.-Listed ETFs Sorted By Total Net Assets In $US Millions
Fund Name	Ticker	Assets	Exp Ratio	3-Mo	YTD	2008	2007	3-Yr	5-Yr	Mkt Cap	P/E	Sharpe	Std Dev	Yield
SPDRs (S&P 500)	SPY	60,678.3	0.09	6.22	-2.43	-36.70	5.12	-10.82	-2.70	33,667	11.1	-0.70	18.51	3.02
SPDR Gold Trust	GLD	31,353.0	0.40	-4.42	0.87	4.92	31.10	10.27	-	-	-	0.43	20.05	0.00
iShares MSCI EAFE	EFA	27,281.4	0.34	8.32	-6.55	-41.01	9.94	-12.67	0.55	21,933	9.7	-0.62	22.77	4.38
iShares MSCI Emerg Mkts	EEM	25,767.8	0.74	26.58	14.82	-48.86	33.11	-4.92	11.94	16,486	10.1	-0.11	30.78	3.00
iShares S&P 500	IVV	16,379.5	0.09	6.43	-2.22	-37.01	4.92	-10.81	-2.72	34,710	12.1	-0.70	18.55	2.89
PowerShares QQQQ	QQQQ	13,388.2	0.20	18.15	15.45	-41.72	19.13	-6.10	0.22	25,618	17.6	-0.28	23.58	0.45
iShares Lehman TIPS Bond	TIP	12,074.5	0.20	1.73	1.69	-0.53	11.93	5.15	4.73	-	-	0.25	8.81	5.03
iShrs iBoxx $ Inv Grd Bnd	LQD	10,645.1	0.15	-2.07	-3.82	2.44	3.76	2.70	2.71	-	-	0.01	11.70	5.86
iShares Lehman Aggregate	AGG	9,579.3	0.20	0.56	-1.43	7.90	6.61	5.94	4.70	-	-	0.50	5.45	4.47
Vanguard Total Stock Market	VTI	9,440.3	0.07	7.52	-1.14	-36.97	5.37	-10.68	-1.99	22,073	11.0	-0.66	19.21	2.78
iShares R1000 Growth	IWF	9,152.6	0.20	10.39	4.73	-38.21	11.49	-8.72	-2.60	26,222	13.2	-0.55	19.05	1.61
iShares Russell 2000	IWM	8,474.6	0.20	9.45	-1.13	-34.15	-1.76	-12.89	-1.47	678	12.9	-0.61	23.26	1.86
iShares Lehman 1-3 Treas	SHY	7,391.0	0.15	0.19	-0.25	6.61	7.35	5.64	3.96	-	-	1.19	1.95	3.26
iShares FTSE/Xinhua China	FXI	7,073.8	0.74	27.36	9.94	-47.73	54.81	8.47	-	59,593	9.9	0.32	40.37	2.41
DIAMONDS Trust	DIA	6,980.7	0.17	2.91	-5.67	-32.10	8.78	-8.21	-2.16	81,810	10.0	-0.62	16.86	3.58
MidCap SPDR (S&P 400)	MDY	6,933.6	0.25	12.49	5.04	-36.40	7.20	-10.32	0.28	1,919	11.4	-0.52	22.28	1.69
Vanguard Emerging Markets	VWO	6,770.4	0.25	28.88	17.40	-52.47	37.32	-5.95	-	10,635	8.3	-0.15	30.46	4.30
iShares R1000 Value	IWD	6,739.6	0.20	3.95	-8.08	-36.45	-0.73	-13.28	-2.58	27,475	11.1	-0.79	19.68	3.86
iShares Brazil	EWZ	6,057.2	0.69	27.04	28.86	-54.36	74.84	3.56	28.99	14,939	8.1	0.21	39.18	4.77
Financial SPDR	XLF	5,097.1	0.23	17.23	-13.48	-54.90	-19.19	-29.69	-15.17	18,983	12.5	-0.96	33.66	6.08
iShares S&P 500 Growth	IVW	4,915.7	0.18	6.60	1.41	-34.78	8.84	-8.10	-2.46	44,444	12.2	-0.57	17.75	1.64
iShares Japan	EWJ	4,535.7	0.52	0.95	-11.17	-26.97	-5.50	-16.00	-2.70	10,215	8.3	-0.98	19.18	1.58
Energy SPDR	XLE	4,277.3	0.23	-1.91	-3.66	-38.97	36.86	-5.88	10.38	42,330	7.0	-0.23	25.63	1.99
iShares Russell 1000	IWB	4,195.6	0.15	7.10	-1.40	-37.39	5.31	-10.85	-2.41	26,805	12.2	-0.68	18.99	2.57

Source: Morningstar. Data as of April 30, 2009. Exp Ratio is expense ratio. 3-Mo is 3-month. YTD is year-to-date. Mkt Cap is geometric average market capitalization. P/E is price-to-earnings ratio. Sharpe is Sharpe ratio. Std Dev is 3-year standard deviation. Yield is 12-month.