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Rydex S&P Small-Cap 600 Pure Value (AMEX: RZV) led the way among style plays, down 2.68%, while Vanguard Mid-Cap Growth (NYSEArca: VOT) was the style laggard, down 17.13% in September.
The best-performing sector ETFs were Consumer Staples portfolios, while Materials were the worst sector, and the demolition in the commodities space continued, with only gold ETFs avoiding poor performance (the top-five-performing commodities ETFs were all gold portfolios). Every sector ended September in negative territory:
|
Sector
|
No. Funds
|
Sept. Avg. Return
|
YTD Avg. Return
|
|
Consumer Staples
|
10
|
(2.88)
|
(7.84)
|
|
REITs
|
14
|
(3.09)
|
(4.92)
|
|
Financials
|
20
|
(4.12)
|
(23.35)
|
|
Consumer Discretionary
|
17
|
(6.98)
|
(14.16)
|
|
Healthcare
|
23
|
(7.32)
|
(8.96)
|
|
Utilities
|
9
|
(10.34)
|
(18.55)
|
|
Telecom
|
6
|
(13.87)
|
(28.82)
|
|
Information Tech
|
30
|
(14.25)
|
(21.70)
|
|
Industrials
|
18
|
(15.24)
|
(19.40)
|
|
Energy
|
18
|
(18.22)
|
(18.38)
|
|
Materials
|
9
|
(20.82)
|
(23.70)
|
Source: Bloomberg and Citi Investment Research
The top-performing individual sector ETFs in September were:
|
Fund
|
Ticker
|
September Return
|
|
KBW Regional Banking
|
KRE
|
11.50
|
|
iShares Dow Jones U.S. Home Construction
|
ITB
|
9.01
|
|
PowerShares Dynamic Banking
|
PJB
|
6.50
|
|
iShares Dow Jones U.S. Regional Banks
|
IAT
|
4.22
|
|
Regional Bank HOLDRS
|
RKH
|
3.76
|
Source: Bloomberg and Citi Investment Research
The worst-performing sector ETFs, by contract, were:
|
Fund
|
Ticker
|
September Return
|
|
SPDRs Metals & Mining
|
XME
|
(34.23)
|
|
Claymore/Delta Global Shipping
|
SEA
|
(31.61)
|
|
First Trust Energy AlphaDEX
|
FXN
|
(21.71)
|
|
Claymore/SWM Canadian Energy Income
|
ENY
|
(23.60)
|
|
iShares Dow Jones U.S. Basic Materials
|
IYM
|
(23.06)
|
Source: Bloomberg and Citi Investment Research
Among other major ETF categories covered in September performance are fixed income, currency, domestic dividend, commodities, leveraged and inverse portfolios. Here are the top performers for the month in each ETF category:
|
Fund *(category)
|
Ticker
|
September Return
|
|
Vanguard Extended Duration Treasury *(taxable fixed income)
|
EDV
|
3.52
|
|
Swiss Franc Elements ETN *(currency)
|
SZE
|
38.93
|
|
PowerShares HY Dividend Achievers *(domestic dividend)
|
PEY
|
10.50%
|
|
UBS E-TRACS CMCI Gold Total Return (commodities)
|
UBG
|
6.82%
|
|
PowerShares DB Gold Double Long (leveraged)
|
DGP
|
7.99%
|
|
ProShares UltraShort Basic Materials (inverse)
|
SMN
|
51.99%
|
Source: Bloomberg and Citi Investment Research
And here are the worst-performing ETFs among other ETF categories tracked by CitiGroup:
|
Fund
|
Ticker
|
September Return
|
|
PowerShares High Yield Corporate Bond (taxable fixed-income)
|
PHB
|
(16.70)
|
|
Euro Elements ETN (currency)
|
ERE
|
(24.30)
|
|
First Trust DJ Global Select Dividend (domestic dividend)
|
FGD
|
(17.17)
|
|
iPath DJ-AIG Platinum Total Return Sub-Index (commodities)
|
PGM
|
(30.73)
|
|
ProShares Ultra Basic Materials (leveraged)
|
UYM
|
(42.00)
|
|
ProShares UltraShort Financials (inverse)
|
SKF
|
(13.30)
|
Source: Bloomberg and Citi Investment Research
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