Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: ITB Rises 3.35%
June 06, 2012
The iShares Dow Jones U.S. Home Construction Index Fund (NYSEArca: ITB) benefited from strength in the U.S. stock market and tagged on gains of more than 3.3 percent, making it the best-performing exchange-traded fund Tuesday, June 5.
The corrective move came just two days after the fund led IndexUniverse’s “bottom performers” chart with losses of more than 6.2 percent.
Housing-related funds have been under pressure recently amid concerns that demand for homes in the U.S. remains constrained by joblessness and tight credit availability. Home values across the country are still some 35 percent off their 2006 peak levels.
Still, overall gains in the U.S. stock market helped support a lot of equities funds. The Dow Jones industrial average ended the session 26.49 points higher, or 0.22 percent, at 12,127.95 Tuesday, in what was its first positive closing in five days.
The gold-linked PowerShares Global Gold and Precious Metals Portfolio (NYSEArca: PSAU) and the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) were also strong performers, as investors continued to look at gold as a good insurance policy in times of economic uncertainty.
PSAU climbed 3.3 percent, while GDXJ gained 2.7 percent on the day.
Rounding out the “top 10 1-day performers” list was a group of niche funds linked to the alternative energy space.
The Global X Uranium ETF (NYSEArca: URA), the Market Vectors Solar Energy ETF (NYSEArca: KWT) and the First Trust Nasdaq Clean Edge Green Energy ETF (NYSEArca: QCLN) gained 3.1 percent, 2.9 percent and 2.8 percent, respectively, Tuesday.
Commodities- and Treasurys-linked ETFs were among the weakest performers Tuesday, even if it was volatility funds that again dominated the “bottom performers” chart.
Two of Teucrium’s commodities ETFs gave up ground in an uncertain market environment that hasn’t been kind to commodities funds in recent weeks. Indeed, investors continue to worry about demand for everything from grains to energy to finished goods going forward.
The Teucrium Wheat Fund (NYSEArca: WEAT) slid 3.5 percent, while the Teucrium Corn Fund (NYSEArca: CORN) dropped 2.2 percent Tuesday.
Meanwhile, in the bond space, the $223 million Vanguard Extended Duration Treasury Fund (NYSEArca: EDV) and the Pimco 25+ Year Zero Coupon U.S. Treasury Fund (NYSEArca: ZROZ) gave up 2.3 percent and 2.2 percent in value, respectively.
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.