ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook Channel
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF Scorecard: October 6 Edition
News
Share

ETF Scorecard: October 6 Edition

Iuri StrutaOct 06, 2017
2017-10-06

To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.

  • The biggest event this week was the Catalonian illegal referendum for independence, which sent Spanish stocks into a tailspin. Catalonia is delaying declaring independence in the fear businesses will leave the region and due to threats from the European Union that an independent Catalonia will not be part of the trading bloc. A host of businesses have already changed their headquarters, including Banco Sabadell and telecommunications firm Eurona. CaxiaBank, meanwhile, is currently weighing options, as the government in Madrid mulls passing a law that would make it easier for businesses to relocate.
  • The British pound has suffered as Prime Minister Theresa May is struggling to keep unity in her party over Brexit. Opposition voices led by Foreign Secretary Boris Johnson have weakened her power, both at home and abroad, and now her departure seems more likely than ever. With just 18 months before the scheduled exit, the U.K. could not face more uncertainty over its future with the EU, with many hard-landing scenarios again on the table.
  • European inflation dropped slightly in September, from 1.6% to 1.5%, on an annual basis, below the central bank’s target of 2%. Core inflation edged even lower, to 1.1% from 1.2%, in August.
  • U.S. manufacturing PMI advanced to 53.1 in September compared to 52.8 in August, while the ISM manufacturing index surged to 60.8 from 58.8 in the previous month.
  • The U.S. business sentiment is surging, with the non-manufacturing PMI advancing more than four points in September, to 59.8. Analysts had expected a lower figure of just 55.5.
  • ADP’s nonfarm employment payroll was not that impacted by the hurricane regions, with the private report suggesting 135,000 jobs were added in September compared to the 140,000 predicted. In the previous month, ADP said 228,000 jobs were added.
  • U.S. crude oil inventories dropped by more than 6 million barrels for the week ended September 29, around 15% below last year’s levels. The fall was largely expected because hurricane-hit refineries in Texas have resumed operations and are depleting current reserves.
  • Unemployment claims declined 12,000 to 260,000 for the September 30 week, as the negative effects of the hurricanes have started to wear off.

Risk Appetite Review

  • Risky assets (SPHB B+) have again rallied this week, despite increasing tension in Europe stemming from Catalonia’s independence push and Brexit. (SPHB B+) advanced more than 2% in the past week.
  • Low volatility (SPLV A+) performed the worst this week, rising only 1.20%, although the performance gap between (SPLV A+) and risky assets narrowed.
  • The broad market (SPY A) rose 1.73% this week, in a renewed bout of optimism about the U.S. economy.
  • Sign up for ETFdb.com Pro and get access to real-time ratings on over 1,900 U.S.-listed ETFs.

 


Content continues below advertisement

Major Index Review

  • All equities were up this week.
  • Emerging markets (EEM A-) was the best performer for the week, despite a stronger dollar and hints from the Federal Reserve that it would raise interest rates. Worth noting, last week the asset class was at the bottom of the list in terms of performance. (EEM A-) rose 2.73% this week after posting a similar drop in the previous five-day period.
  • For the rolling month, the small-cap index Russell 2000 (IWM A-), is the best performer with an advance of 6.85%, mainly thanks to Republicans’ push to overhaul the tax code by cutting the corporate tax to 20% from 35%.
  • Unsurprisingly, the worst ETF performer this week was iShares MSCI EAFE Index Fund (EFA A), which contains European stocks. (EFA A) declined 0.40% this week.
  • The technology index (QQQ B+) is the worst monthly performer with a rise of just 1.31%.
  • To see how these indices performed last week, check out ETF Scorecard: September 29 Edition.

 

Sectors Review

  • The financial sector is the best performer this week, with (XLF A) soaring 2.25% on rising optimism about Trump’s plan to cut red tape for banks. A recovery in insurance stocks that had been hit by Hurricanes Irma and Harvey also contributed to the positive performance.
  • The energy sector (XLE A) remains the best monthly performer with an advance of 7.53%
  • Utilities (XLU A) were shunned by investors, as the markets embraced risk and dumped boring assets. (XLU A) is the worst monthly performer, falling 2.60%.

 

Foreign Equity Review

  • Foreign stocks were rather mixed this week.
  • China’s stock market (FXI A) is approaching the bubble territory, surging 6.13% in the past week alone without a noteworthy boost. Investor sentiment improved in the region as the nation’s economy seems stable. The impressive rise over the past five days made (FXI A) the best-performing index for the rolling month, up 5.87%.
  • Britain’s ETF (EWU A-) is the only faller this week, down 0.14%, as Prime Minister Theresa May is losing her authority over Brexit negotiations and faces stiff opposition from her own party.
  • India (EPI C+) is the worst performer for the rolling month, registering a drop of 3.18%.
  • To find out more about ETFs exposed to particular countries, use our ETF Country Exposure tool. Select a particular country from a world map and get a list of all ETFs tracking your pick.

 

Commodities Review

  • Commodities were almost all down.
  • Copper (JJC A) posted the highest gains for the week, creeping up 2.64%.
  • Natural gas (UNG B-) was the worst performer of the week, registering a loss of 3.36% due to excess supply.
  • For the rolling month, oil (USO B) is by far the best performer with a gain of 3.43%.
  • Silver (SLV B-) lost its shine, tumbling 7.38% for the rolling month as investors flocked to riskier assets.
  • Use our Head-to-Head Comparison tool to compare two ETFs such as (USO B) and (SLV B-) on a variety of criteria such as performance, AUM, trading volume and expenses.

 

Currency Review

  • The U.S. dollar was king for the second consecutive week.
  • The U.S. dollar (UUP A-) has surged nearly 1% this week, as the U.S. economy looked stronger than its counterparts in Europe. The dollar’s strength happened against a backdrop of an improving economy at home and renewed fears about a breakup of the European Union, with Spain’s breakaway region Catalonia pushing for independence. The U.S. dollar is also the strongest currency for the rolling month, with a gain of 1.67%.
  • The British pound (FXB B) is unsurprisingly the worst performer for the week, down 2%. Prime Minister Theresa May’s future is hanging in the balance, projecting further uncertainty over Brexit plans.
  • For the rolling month, the Japanese yen (FXY C) posted the largest losses, down 3.26%.

 

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

» Popular Pages

  • Tickers
  • Articles

Dec 04

Small Packages

Dec 04

World Markets Watchlist: December 4, 2023

Dec 04

Disruptive Tech Theme of the Week: Phygital Convergence

Dec 04

Feeling Uncertain About 2024? Put Cash to Work With CSHI

Dec 04

How To Make the Most of Exchange 2024

Dec 04

Part 2: Once in a Decade Opportunity to Diversify Away from the “Magnificent Seven”

Dec 04

2024 Outlook

Dec 04

Consider Diverse Treasury Investments Across the Yield Curve

Dec 04

Analysts Foresee Cloud Computing as a Necessity in 5 Years

Dec 04

Consider Muni ETFs as Fundamentals Remain Strong

QQQ

Invesco QQQ Trust Series I

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

SCHD

Schwab US Dividend Equity ETF...

IYW

iShares U.S. Technology ETF

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

VGT

Vanguard Information...

IVV

iShares Core S&P 500 ETF


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X