ETF Scorecard – November 7th Edition

by on November 7, 2014 | ETFs Mentioned:

The bulls remain in the drivers’ seat as buyers managed to push major indexes higher even after the steep ascent seen last week on Wall Street. For the most part, however, many have remained on the sidelines this week in anticipation of Friday’s monthly employment report. In other data releases, investors cheered on upbeat motor vehicle sales while growth forecasts for the eurozone were downgraded, prompting the ECB to hint at potentially increasing its stimulus efforts [see also First Trust Launches 3 ETFs, Cambria Debuts Global Momentum Fund].

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” appetites persisted for a third week in a row as evidenced by the Equal Weight S&P 500 taking the lead, which suggests that investors were loading up on smaller-cap companies in lieu of larger ones:

Major Index Review

Emerging markets were the worst performer over the past week while Small Caps remain in the lead by a fairly wide margin from a monthly perspective:

Domestic Sector Review

Every sector posted a positive performance over the trailing week while Industrials is the definitive winner from a monthly perspective:


Sector Valuations

Sector valuations improved across the board with the exception of Materials for a second week in a row:

Foreign Equity Review

On the international front, Brazil and Russia posted the biggest losses after being the top two performers the previous week:

Regional Valuations

Regional P/Es increased across the board with the exception of Emerging Europe which was unchanged:

Alternatives Review


Natural gas was the biggest winner for the week and is now the top performing commodity by a wide margin from a monthly perspective:


On the currency front, the U.S. dollar was the biggest winner while the Japanese yen turned in the worst performance for a third week in a row:


*All data as of market close 11/06/2014.

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.