ETF Scorecard – October 17th Edition

by on October 17, 2014 | ETFs Mentioned:

The bears have managed to remain in control on Wall Street as evidenced by persistent profit-taking pressures, short-lived rebounds, and an uptick in volatility. Throughout the week, investors also digested less-than-stellar economic data releases, adding to the headwinds; this included worse-than-expected retail sales and regional manufacturing data as well as a decline in the home builders index [see also The Beginning of a Bear Market?].

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

Selling pressures are still the dominant force; this is evidenced by every group sinking and High Beta stocks being the worst performers:

Major Index Review

Surprisingly, amid the volatility on Wall Street, U.S. small caps managed to turn in a positive performance, perhaps signaling a bottom, at least in the near-term:

Domestic Sector Review

The Utilities sector was the only one to end up in green territory over the past week and month:


Sector Valuations

As selling pressures hit, sector valuations contracted across the board:

Foreign Equity Review

On the international front, Australian equities were the only ones that managed to end up in green territory over the past week:

Regional Valuations

Regional P/Es declined across the board, while Emerging Europe held its ground the best:

Alternatives Review


Gold prices rose for the week, while agriculture remains the best performing group over the trailing month:


On the currency front, the Japanese yen and the euro were the biggest gainers over the past week, finally putting a halt to the stellar ascent of the U.S. dollar:


*All data as of market close 10/16/2014.

Follow me on Twitter @Sbojinov.

[For more ETF analysis, make sure to sign up for our free ETF newsletter]

Disclosure: No positions at time of writing.