Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: SLVP Falls 7.72%
May 15, 2012
The iShares MSCI Global Silver Miners (NYSEArca: SLVP) was No. 1 on IndexUniverse’s “Bottom 10 1-Day Performers” list, falling 7.72 percent as the price of silver yesterday declined below $29 an ounce.
Precious metals and emerging market funds dominated the bottom-performers list, with investor concern growing about the impact of Greece’s potential departure from the eurozone and the implications of that development for the global economy.
The Global X FTSE Greece 20 ETF (NYSEArca: GREK) was No. 2 on the list, declining 6.67 percent.
As they already have done several times this year, investors once again threw cold water on the notion that precious metals are the ultimate hedge in the time of uncertainty.
The Global X Silver Miners ETF (NYSEArca: SIL) was No. 4 on the bottom-performers list, losing 4.99 percent. The ETRACS CMCI Long Platinum Total Return ETN (NYSEArca: PTM) was No. 8 on the list, with 4.44 percent in losses.
The Global X Global Explores ETF (NYSEArca: GLDX) was tied for No. 8 place on the list with 4.44 percent in losses, as the price of gold declined to a new 2012 low.
Four of the worst performers were in emerging markets, as investor concern continued to grow about the reliance of these countries on overstretched European lenders.
The Market Vectors Latin America Small-Cap Index ETF (NYSEArca: LATM) was No. 3 on the list, returning 4.99 percent in losses.
Volatility-related ETNs topped the best-performers list, a sign that such investments do provide protection when equity markets are selling off.
The C-Tracks Exchange-Traded Notes on Citi Volatility (NYSEArca: CVOL), one of consistently best performing exchange-traded products in the past couple of weeks, topped the list, returning 6.97 percent.
The ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY) was No. 2 on the list with 5.89 percent in gains.
The VelocityShares VIX Short Term ETN (NYSEArca: VIIX) was No. 3 on the list with 5.80 percent in gains.
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
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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