Exchange-Traded Funds Corner

Journal of Indexes: Is Buy-And-Hold Dead?

January/February 2010

Largest New ETFs Sorted By Total Net Assets In $US Millions
Covers ETFs and ETNs launched during the 12 months ended October 30, 2009
Fund Name	Ticker	ER	YTD	1-Mo	3-Mo	Launch Date	Assets
Direxion Financl Bear 3x	FAZ	0.94	-93.57	10.34	-33.18	11/6/2008	1,238.0
Direxion Financl Bull 3x	FAS	0.94	-46.60	-17.70	17.64	11/6/2008	1,186.2
iPath S&P500 VIX Mid ETN	VXX	0.89	-	-3.54	-22.19	1/29/2009	664.6
Market Vectors Brazil Small-Cap	BRF	0.73	-	3.06	22.09	5/12/2009	497.9
Direxion Small Cp Bear 3x	TZA	0.95	-70.18	17.63	-13.61	11/5/2008	487.9
JPMorgan Alerian MLP Index ETN	AMJ	0.85	-	2.80	4.54	4/2/2009	448.4
Direxion Large Cp Bear 3x	BGZ	0.95	-61.85	4.06	-19.39	11/5/2008	361.0
Vanguard FTSE AW xUS SmCp	VSS	0.38	-	-2.71	9.24	4/2/2009	283.3
Direxion Small Cp Bull 3x	TNA	0.95	6.29	-19.99	1.09	11/5/2008	281.8
iShares Barclays Agncy Bond	AGZ	0.20	2.07	0.10	1.20	11/5/2008	238.4
Direxion Emerging Mkts Bull 3x	EDC	0.94	130.84	-12.21	11.42	12/17/2008	229.3
iShares S&P Shrt Nat Muni	SUB	0.25	4.00	-0.73	-1.16	11/5/2008	198.2
ETFS Physical Swiss Gold	SGOL	0.39	-	3.75	-	9/9/2009	197.5
Direxion Large Cp Bull 3x	BGU	0.95	30.60	-7.76	13.56	11/5/2008	191.5
Market Vectors Indonesia	IDX	0.71	-	-6.92	2.85	1/15/2009	187.7
ProShares Ultra DJ-UBS Cr Oil	UCO	0.95	-3.58	17.75	8.27	11/24/2008	173.9
ProShares UltraPro Short S&P 500	SPXU	0.95	-	2.99	-18.96	6/23/2009	161.2
ProShares Ultra Gold	UGL	0.95	30.54	7.06	18.88	12/1/2008	151.2
SPDR BarCap Convertible Bond	CWB	0.40	-	-1.38	6.03	4/14/2009	145.0
ETFS Silver Trust	SIVR	0.30	-	-1.92	17.20	7/24/2009	141.9

Source: Morningstar. Data as of October 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

Claymore Corporate Bond 2016

Direxion Homebuilders Bull 3X

EGS INDXX India Infrastructure

ETFS Platinum Trust

FaithShares Catholic Values

Global X China Consumer

Grail McDonnell Core Taxable Bnd

IQ Global Cr Oil Small Cap Equity

IQ International Australia SmCap

iShares 2013 S&P AMT-Free Muni

Jefferies Energy Wildcatters Equity

Market Vectors Metals

Old Mutual FTSE Emerging Markets

Pimco Prime Ltd Maturity Strategy

PowerShares CEF Inc Composite

ProShrs Ultra BarCap 20+ U.S. Treas

SPDR S&P Russia

Vanguard Mortgage-Bkd Securities

WCM/BNY Mel Focused Growth ADR

WisdomTree Real Return

Source: IndexUniverse.com's ETF Watch

Largest U.S.-listed ETFs Sorted By Total Net Assets In $US Millions
				Total Return %				Annualized Return %
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	67,356.5	0.09	5.32	16.76	-36.70	5.12	-7.05	0.30	41,507	16.7	-0.40	19.45	2.22
SPDR Gold Trust	GLD	36,885.8	0.40	9.83	18.50	4.92	31.10	19.40	-	-	-	0.85	20.58	-
iShares MSCI Emerg Mkts	EEM	35,027.3	0.74	5.00	51.61	-48.87	33.11	4.92	15.67	22,448	-	0.24	32.36	1.54
iShares MSCI EAFE	EFA	33,928.5	0.34	5.73	21.25	-41.00	9.94	-5.78	4.50	29,039	12.0	-0.21	24.99	2.75
iShares S&P 500	IVV	20,055.2	0.09	5.36	17.10	-37.00	4.92	-7.05	0.33	41,517	16.7	-0.40	19.49	2.14
iShares BarCap TIPS Bond	TIP	17,172.0	0.20	4.06	8.25	-0.53	11.93	5.97	4.68	-	-	0.43	8.82	3.13
PowerShares QQQQ	QQQQ	16,222.5	0.20	3.93	38.24	-41.72	19.13	-0.90	2.66	35,576	25.3	-0.02	23.56	0.43
Vanguard Emerging Markets	VWO	15,536.6	0.27	6.55	59.52	-52.54	37.32	5.08	-	16,831	8.4	0.24	32.44	3.11
iShares iBoxx $ Inv Gr Corp Bond	LQD	12,945.4	0.15	2.60	8.73	2.44	3.76	5.27	4.07	-	-	0.28	12.07	5.38
Vanguard Total Stock Market	VTI	12,130.1	0.09	5.16	18.56	-36.68	5.36	-6.61	0.96	20,957	13.6	-0.36	20.17	2.08
iShares Russell 2000	IWM	11,178.7	0.20	1.61	15.49	-34.15	-1.76	-8.42	0.63	736	15.6	-0.34	24.11	1.47
iShares BarCap Aggregate	AGG	10,868.5	0.20	2.66	3.65	7.90	6.61	6.35	4.86	-	-	0.72	5.40	4.04
iShares Brazil	EWZ	10,309.3	0.69	19.50	98.15	-54.37	74.82	21.63	33.09	41,642	11.4	0.64	40.45	2.83
iShares R1000 Growth	IWF	10,106.9	0.20	4.71	24.91	-38.21	11.48	-4.22	1.15	33,191	18.5	-0.24	19.64	1.44
iShares FTSE/Xinhua China	FXI	9,324.0	0.74	-0.38	44.57	-47.73	54.81	15.51	21.19	70,700	18.2	0.50	41.46	1.24
iShares R1000 Value	IWD	8,147.9	0.20	5.91	10.90	-36.45	-0.73	-9.85	-0.15	29,831	15.0	-0.50	20.99	2.62
iShares BarCap 1-3 Treas	SHY	7,552.3	0.15	0.78	0.61	6.61	7.35	5.13	3.89	-	-	1.40	1.97	2.48
DIAMONDS Trust	DIA	7,500.7	0.17	6.43	13.54	-32.10	8.78	-4.58	1.74	92,055	15.1	-0.31	17.85	2.76
MidCap SPDR (S&P 400)	MDY	7,462.6	0.25	5.31	24.41	-36.40	7.20	-4.53	2.93	2,567	18.1	-0.18	23.19	1.40
Financial SPDR	XLF	6,549.8	0.23	8.33	14.22	-54.90	-19.19	-24.23	-10.82	38,914	24.2	-0.64	36.33	2.68
iShares S&P 400 MidCap	IJH	5,822.3	0.20	5.40	24.69	-36.18	7.30	-4.41	3.14	2,562	18.1	-0.18	23.13	1.47
Vanguard Total Bond Mkt	BND	5,782.0	0.14	2.31	3.83	6.88	-	-	-	-	-	-	-	4.16
iShares S&P 500 Growth	IVW	5,447.9	0.18	5.95	21.27	-34.78	8.84	-4.19	1.11	50,476	16.8	-0.27	18.35	1.43
Energy SPDR	XLE	5,433.9	0.23	9.65	17.42	-38.97	36.86	1.16	10.97	44,218	11.7	0.09	26.88	1.75
iShares Japan	EWJ	4,987.0	0.52	-3.24	0.22	-26.97	-5.50	-10.51	0.10	13,822	18.9	-0.55	20.54	1.27

Source: Morningstar. Data as of October 30, 2009. Exp Ratio is expense ratio. 3-Mo is 3-month. YTD is year-to-date. 3-Yr and 5-Yr are 3-year and 5-year annualized returns, respectively. Mkt Cap is geometric average market capitalization. P/E is price-to-earnings ratio.

Journal of Indexes: Is Buy-And-Hold Dead?

Discussion