ETF Scorecard – August 1st Edition

by on August 1, 2014 | ETFs Mentioned:

Major equity indexes traded sideways for most of the week as earnings and economic data reports flooded the scene. Much to the bulls’ surprise, steep profit-taking pressures permeated Wall Street on Thursday, sparking a wave of selling that sent virtually every asset class tumbling; the S&P 500 Index shed 2% on the day, effectively erasing all of its prior gains accumulated throughout the month of July [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 bears took over this week and selling pressures were the dominant force; not surprisingly, High Beta led the way lower:

Major Index Review

The “Risk Off” theme is further evidenced given the negative performances across the board, with Small Caps being the biggest losers overall:

Domestic Sector Review

The Consumer Staples, Energy, and Industrial sectors were the worst performers over the last five days:

Sector Valuations

Sector P/Es dropped across the board, with the Discretionary sector leading the way lower in terms of contracting valuations:

Foreign Equity Review

Chinese equities held their ground best this week while the rest of the foreign market lineup turned in a negative performance: 

Regional Valuations

Regional P/Es were either flat or dropped lower, with the ex-U.S. group posting a very small improvement: 

Alternatives Review


Oil prices posted the biggest decline over the last week, while natural gas prices remain at the bottom of the barrel from a monthly perspective: 


The U.S. dollar is the only currency that managed to stay in positive territory this week, and it’s also the best performer from a monthly perspective as well:

*All data as of market close 7/31/2014.

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Disclosure: No positions at time of writing.