ETF Scorecard – July 25th Edition

by on July 25, 2014 | ETFs Mentioned:

Major equity indexes quietly inched higher all week as a quiet scene on the economic data reporting front left the door open for the bulls following last week’s short-lived tumble. With no major developments taking place overseas, investors’ confidence returned as they were able to focus more on earnings season at home; upbeat earnings across the tech sector from Apple, Microsoft, and Facebook, spurred buying interest and the S&P 500 Index advanced closer and closer to the psychologically important 2,000 level [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 bulls returned to Wall Street after taking a bit of a breather during the previous week, and High Beta stocks charged ahead of the pack:

Major Index Review

The “Risk On” theme is further evidenced as emerging markets took the lead for the first time in a while; small caps also rebounded, although they still remain in negative territory from a longer-term perspective. 

Domestic Sector Review

Health care stocks are in the lead over the trailing five-day period, although Technology stocks remain the biggest winners from a monthly perspective by far: 

Sector Valuations

Sector P/Es were mixed over the last week; five of the sectors saw their pricing multiples inch higher, while the other four saw small declines: 

Foreign Equity Review

China and Brazil equities took the lead over the past five days; Russia remains the worst performer from a monthly perspective following the steep sell-off seen overseas in the previous week:

Regional Valuations

Asia-Pacific and Latin America equities saw the biggest improvements in their valuations over the past week: 

Fixed-Income Review

Emerging market bond yields saw the biggest depreciation as “Risk On” appetites spread across fixed-income assets amid a rebound on the equity front:

Alternatives Review


Copper and Ags were the only commodities to post positive returns over the past five-days; natural gas prices are the most beat down from a monthly perspective by far:


Emerging Markets currencies followed by the Aussie dollar were the biggest winners in the currency market over the past five-days:

*All data as of market close 7/24/2014.

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Disclosure: No positions at time of writing.