ETF Scorecard – August 29th Edition

by on August 29, 2014 | ETFs Mentioned:

Major equity indexes inched higher during the week but gave into some light profit-taking pressures as Labor Day weekend approached. A lack of noteworthy developments overseas coupled with solid economic data releases at home left the doors open for the bulls; better-than-expected durable goods, consumer confidence, and an upbeat revision to U.S. GDP welcomed buyers during the week and kept the bears at bay [see also How the Homebuilders ETF Reacts to New Home Sales]. 

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

“Risk On” sentiment prevailed as evidenced by High Beta stocks leading the way and Low Volatility stocks lagging in negative territory: 

Major Index Review

Aside from Developed Markets, all other major equity indexes are now in positive territory from both a weekly and monthly performance perspective: 

Domestic Sector Review

Sector returns were largely positive this week, with Industrials being the only group to end up in shallow red territory:

Sector Valuations

Given the broad market rally at home, almost all of the sectors saw their pricing multiples expand during the week:

Foreign Equity Review

On the international front, Brazil led the way higher while Russia came in at the bottom of the barrel in terms of weekly returns:

Regional Valuations

Regional P/Es expanded across the board over the past week: 


Alternatives Review


Natural gas and agricultural prices were the biggest gainers during the past week: 


On the currency front, the Aussie dollar was the biggest winner while the euro turned in the worst performance from a weekly perspective: 



*All data as of market close 8/28/2014.

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Disclosure: No positions at time of writing.