ETF Scorecard – July 18th Edition

by on July 18, 2014 | ETFs Mentioned:

Major equity indexes inched higher to kick off the week only to make way for the bears in later trading sessions as uncertainty returned to the market. The Volatility Index (VIX) skyrocketed more than 30%, and the S&P 500 Index sank 1.18%, on Thursday after news of a downed passenger airplane over Ukraine raised concerns over looming tensions between Russia and the West. 

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 Off” was the prevailing theme over the last five days as evidenced by High Beta stocks leading the way lower: 

Major Index Review

The “Risk Off’ theme is further evidenced by small caps coming in at the bottom of the barrel in terms of both weekly and monthly returns:

Domestic Sector Review

Selling pressures hit all corners of the market, and defensive sectors like Utilities and Staples surprisingly did not offer much cover for investors amid the profit taking: 

Sector Valuations

Valuation changes were mixed again over the past week as choppy trading persisted amid tensions overseas and earnings season at home:

Foreign Equity Review

Russia was by far the biggest loser this week as uncertainty returned after news of the downed plane in Ukraine sent a wave of worry overseas that spilled onto Wall Street: 


Regional Valuations

All of the regions except Emerging Europe saw slight improvements in their valuations over the past week: 


Fixed-Income Review

Junk bond yields saw the biggest appreciation as investors jumped ship from risky fixed-income assets amid the turmoil in the equity market:

Alternatives Review


When looking at trailing monthly returns, copper has been the best performer while natural gas has been by far the biggest loser:


When looking at trailing monthly returns, the Japanese yen has been the best performer while the euro has been by far the biggest loser:

*All data as of market close 7/17/2014.

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Disclosure: No positions at time of writing.