ETF Scorecard – August 8th Edition

by on August 8, 2014 | ETFs Mentioned:

Selling pressures from the prior week have managed to persist in recent days, much to the bulls’ frustration. Escalating tensions between Russia and Ukraine have kept the doors open for profit-taking as investors’ sentiment has turned from optimistic to fearful in a matter of days. On the home front, little attention has been paid to a host of better-than-expected data, including upbeat factory orders, ISM services, and a smaller-than-expected trade deficit [see also 10 Best Days Ever for the Gold ETF].

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 are still in control from last week, which is highlighted by the negative performances across the board, with Low Volatility holding up the best:

Major Index Review

The “Risk Off” theme is further evidenced when considering the performances of major indexes, with Developed Markets leading the way lower over the last week: 

Domestic Sector Review

The Consumer Staples and Materials sectors were the only ones to post a positive return over the last five days:

Sector Valuations

Every sector saw its P/E contract over the last week, with Utilities being the biggest loser from a valuation perspective:

Foreign Equity Review

Chinese equities are the only group that is still in positive territory from a monthly performance perspective: 

Regional Valuations

Regional P/Es declined across the board and the U.S. and Developed European markets were the biggest losers:

Alternatives Review


Not surprisingly, amid the turmoil on Wall Street, gold prices managed to post the biggest gains over the past week as the yellow metal took on “safe haven” appeal:


Although the Japanese yen managed to rise the most over the past week, the U.S. dollar remains by far the biggest winner from a longer-term perspective: 

*All data as of market close 8/7/2014.

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Disclosure: No positions at time of writing.