ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • 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
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • 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 Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF Scorecard: February 2 Edition
News
Share

ETF Scorecard: February 2 Edition

Iuri StrutaFeb 02, 2018
2018-02-02

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 last Federal Reserve’s interest rate decision under the leadership of Janet Yellen took place this week, but her moment was overshadowed by President Donald Trump’s State of the Union address.
  • The Federal Reserve kept interest rates unchanged but sounded out optimism about the U.S. economy, which grew by an annualized pace of 2.3% in 2017. Policymakers left room for a rate hike in March when the new Fed boss, Jerome Powell, will address the public for the first time in his new capacity. The U.S. economy is in its ninth year of expansion and 2018 is expected to be stronger given the boost from the tax cuts, lower dollar and a robust global economy. The Fed noted that the economy is growing at a “solid rate” and the labor market continues to improve, in a strong sign a hike is likely in March.
  • U.S. President Donald Trump gave his first State of the Union speech, praising the tax reform and his “America First” agenda. The main takeaway from his address was the lack of a strong rhetoric on NAFTA and global trade, in a sign he may be more conciliatory in future deals. In addition, Trump said the focus was now turned to infrastructure, calling on Congress to advance a $1.5 trillion plan to fix America’s bridges and roads.
  • U.S. GDP growth slowed to 2.6% in the fourth quarter of 2017 from a revised 3.2% in the previous quarter. However, consumer spending was strong across the board, with the figure brought down by net exports. Analysts had expected the GDP to rise by 2.9%.
  • U.S. durable goods orders advanced 2.6% in December month-over-month, although the rise was largely due to strong vehicle sales, which is typically volatile. Excluding transportation items, orders grew by 0.6%.
  • Germany’s consumer price index dropped 0.7% in January due to the holiday season. Still, the decline was 20 basis points larger than analysts’ expectations.
  • European inflation declined to 1.3% in January, in line with estimates. The fall is the third consecutive one this year. Core inflation, meanwhile, came in at 1%, failing to deliver a surprise.
  • ADP’s employment report indicated a strong job market in the U.S., with the economy adding 234,000 jobs in the first month of the year. Pundits had forecasted 195,000 jobs.
  • Crude oil inventories have finally turned a page, rising for the first time in more than two months. Crude stocks were up 6.8 million barrels in the week ended January 26, significantly above expectations of 0.1 million barrels.
  • U.S. unemployment claims came in at 230,000 for the week ended January 27, beating consensus estimates of 235,000. In the prior week, claims also stood at depressed levels of 233,000.

Risk Appetite Review

  • Markets have finally made a correction, with all indexes down this week.
  • Equal Weight (RSP A-) posted the weakest performance from the pack, declining 1.41%.
  • Low Volatility (SPLV A+) recorded the smallest loss, down 0.70%.
  • The S&P 500 (SPY A), or the broad market, dropped by nearly 1%, in what was the first weekly decline in months.

Content continues below advertisement

Sign up for ETFdb.com Pro and get access to real-time ratings on over 1,900 U.S.- listed ETFs.

Major Index Review

  • Global markets were all down.
  • Emerging markets (EEM A-) were hit the most, tumbling 2.69%. (EEM A-) recorded gains in the weeks leading up to the pullback.
  • The technology ETF (QQQ B+) was the best performer with a decline of just 0.77%, as a broad market retreat was made less painful by strong results posted by tech darlings such as Netflix (NFLX) and Facebook. (QQQ B+) remains the best performer for the rolling month, gaining as much as 7.3%.
  • Small-cap stocks (IWM A-), meanwhile, were the worst performers for the month, posting an advance of 2.38%.

To see how these indices performed a week before last, check out ETF Scorecard: January 26 Edition.

Sectors Review

  • Embattled telecom stocks (XTL A), long unfavored by investors, were the only gainers this week, with an advance of a mere 0.21%.
  • Materials (XLB A) suffered the most from the broad pullback in equities, dropping 2.76% this week.
  • Buoyed by strong holiday sales and strong Netflix performance, consumer discretionary stocks (XLY A) were the best monthly performers with a gain of 7.57%.
  • Utilities (XLU A) have not benefited from the volatility in the equity markets and tumbled 4.61% for the rolling month.

Foreign Equity Review

  • Foreign equities were all down, with the exception of Brazil.
  • The Brazilian ETF (EWZ A-) was the best performer both for the week and the rolling month, up 0.39% and 12.71%, respectively, despite political shocks at home. The country’s economy is expected to benefit from a strong global economy.
  • The Chinese stock market (FXI A) was the worst performer for the week, dropping as much as 3.32%, retreating after an intense and continued rally in previous months.
  • India (EPI C+) is again the worst monthly performer with an advance of just 1.47%.

To find out more about ETFs exposed to particular countries, check 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 rather mixed.
  • Agricultural commodities (DBA A) is rarely the top performer, but in a week of corrections across the board it managed to deliver the surprise. (DBA A) is up 1.39% in the past five days.
  • Natural gas (UNG B-) pulled back previous week’s gains, dropping nearly 9% in the five days through Thursday.
  • Oil (USO B) is the best monthly performer thanks to steady gains recorded in previous weeks as U.S. stockpiles have dropped incessantly. (USO B) is up a staggering 9.69% for the past 30 days.
  • Copper (JJC A) is the only faller for the rolling month, registering a fall of nearly 2%.

Use our Head-to-Head Comparison tool to compare two ETFs such as (USO B) and (DBA A) on a variety of criteria such as performance, AUM, trading volume and expenses.

Currency Review

  • Despite a global market correction, the U.S. dollar (UUP B) continued to underperform both for the week and the rolling month, dropping 0.60% and 3.34%, respectively.
  • Eurozone’s shared currency (FXE A), meanwhile, is the best performer for the week, up 0.73%, as investors increased bets on an outperforming European economy.

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

» Popular Pages

  • Tickers
  • Articles

Feb 03

3D Printing ETF PRNT Accesses $500 Billion Opportunity

Feb 03

Parent S&P 500 Beaten by Equal Weight in January

Feb 03

This ETF May Be Propelled by Sustainable Bond Issuance

Feb 02

A Value Manager’s Perspective on an Early Pivot

Feb 02

The Metaverse

Feb 02

ETF of the Week: Invesco S&P 500® Equal Weight ETF

Feb 02

Stepping Into the ETF Business? Think Twice

Feb 02

A Week of Turning Points

Feb 02

An Advisor's Guide to the Night Effect

Feb 02

NextEra Energy Doubles Renewable Energy Portfolio

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

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