ETF Scorecard – August 15th Edition

by on August 15, 2014 | ETFs Mentioned:

Buyers returned to Wall Street as selling pressures from the prior week finally eased off and left the doors open for the bulls once again. Despite a lack of noteworthy developments, easing tensions between Russia and Ukraine have been enough to welcome back the bulls following a round of geopolitical-induced profit taking pressures. On the home front, economic data releases were sparse, with the NFIB small business survey coming in barely above expectations while retail sales growth came in flat [see also How Well Do Defensive ETFs Actually Work?].

To help investors keep up with markets, we present our ETF Scorecard, which takes a step back and looks at how various asset classes across the globe are performing. For most of the return comparisons below, we reference trailing 1-week and trailing 1-month returns; this offers a good insight into the prevailing sentiment in the markets by capturing the performances across short-term and longer-term time intervals [for more ETF news and analysis subscribe to our free newsletter].

Risk Appetite Review

The bulls returned with full force this week, as evidenced by High Beta stocks leading the way higher: 

Major Index Review

Major equity benchmarks rebounded higher across the board, although the Dow and Developed Markets remain in red territory from a monthly perspective: 

Domestic Sector Review

Sector returns were green across the board and the biggest laggard was Energy, which up to this point, has largely been one of the strongest performers during up weeks: 

Sector Valuations

Every sector saw its P/E expand over the last week, with Utilities and Industrials being the biggest winners from a valuation perspective:

Foreign Equity Review

Foreign equity markets rebounded higher across the board and the biggest laggards from a monthly perspective are Germany and the United Kingdom:

Regional Valuations

Regional P/Es expanded across the board during a generally upbeat week for equity markets around the globe: 

Alternatives Review


Commodity returns were mostly negative across the board for the week, with gold and natural gas prices managing to post minimal gains:


Emerging markets currencies took the lead higher during the past week, although the U.S. dollar remains by far the strongest performer from a monthly perspective: 


*All data as of market close 8/14/2014.

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Disclosure: No positions at time of writing.