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 Investing
    • 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: November 2 Edition
News
Share

ETF Scorecard: November 2 Edition

Iuri StrutaNov 02, 2018
2018-11-02

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.

  • Third-quarter U.S. GDP rose by 3.5%, beating estimates of 3.3%, as the economy is still benefiting from the government tax cuts announced earlier this year. The U.S. economy expanded at a pace of 4.2% in the previous quarter. The economy is growing at a healthy pace, with inflation in line, but the 4% drop in residential investment in the third quarter is a reason for concern.
  • Bank of England kept its monetary policy steady, but said future interest rate rises depend on the U.K. government clinching a deal with the EU on Brexit. Governor Mark Carney said the bank would need to raise interest rates to 1.5% over the next three years to keep inflation under control.
  • Bank of Japan has caved to pessimism about its goal of attaining 2% inflation. The central bank downgraded economic forecasts and said inflation will rise by 0.9% compared to the 1.1 it had predicted previously. Governor Haruhiko Kuroda raised concerns about the lingering trade dispute between China and the U.S., although he admitted the effects on the economy have so far been limited.
  • European annual inflation grew by 2.2% in October, a little above the European Central Bank’s target, up from 2.1% in the prior month. As widely expected, a large part of the price increase was driven by energy prices, followed by food and alcohol. Core inflation, which strips out volatile food and energy prices, was up 1.1%, in line with expectations.
  • ADP predicted the U.S. economy added 227,000 jobs in October, beating forecasts of 188,000 and well above the prior month’s showing of 218,000.
  • U.S. crude oil inventories have continued to rise this week, although the pace of growth slowed. For the week ended October 26, crude stockpiles jumped 3.2 million barrels, the sixth consecutive week of gains. In the prior week, supplies rose by 6.3 million barrels.
  • Sentiment in the U.K. manufacturing sector continues to deteriorate. In October, purchasing managers’ index PMI dropped from 53.6 to 51.1, the lowest level since August 2016.
  • The manufacturing sector in the U.S. is in much better shape; although, it is worsening. Institute for Supply Management’s PMI declined from 59.8 to 57.7 in October. Analysts had expected the index to come in at 59.

For more ETF news and analysis, subscribe to our free newsletter.

Risk Appetite Review

  • Markets started to reverse declines, a sign the sell-off may be over.
  • The broad market (SPY A) rose 2.85% for the week, as investor optimism returned.
  • Risk assets (SPHB B-) are the best performers for the week with an advance of 6.45%.
  • Low volatility (SPLV A+) posted the worst performance, up just 0.86%.

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

risk review nov 2

Major Index Review

  • Major indexes were all up. News of a possible trade deal between the U.S. and China provided additional thrust to the markets, which were already recovering from a sell-off.
  • Emerging markets (EEM A-) were the top performers for the week, up nearly 6%%. (EEM A-)’s weekly performance landed it in first place on the performance list for the rolling month as well, down 4.27%.
  • Amid a broad-based recovery in stocks, Dow Jones (DIA B+), which for weeks was topping the performance list, is the worst performer with an advance of 2.57%.
  • For the rolling month, the small-cap index (IWM A-) fell the most, down 7.64%.

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

Major indexes review

Sectors Review

  • The materials sector (XLB A) posted the strongest gains this week, surging as much as 7.22%, partly thanks to solid earnings and buybacks announced by DowDuPont, which makes up a fifth of the index.
  • Utilities (XLU A) was the only sector in sell-off mode, as the index largely moves contrary to the broad market.
  • For the rolling month, consumer staples (XLP A) beat all other sectors, rising nearly 3%.
  • The energy sector (XLE A) tumbled more than 12% for the rolling month, representing the worst performance.

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

major sectors review

Foreign Equity Review

  • India (EPI C+) gained 6.3%, staging a recovery from a deep sell-off that engulfed global markets. A potential trade deal between the U.S. and China boosted sentiment across the table.
  • Japanese equities (EWJ A), which sometimes act as a safe haven, rose 1.8%, the weakest gain from the pack as Bank of Japan downgraded its forecasts for economic growth and inflation. (EWJ A) is also the worst performer for the rolling month, down 9.3%.
  • The only gainer for the month is Brazil (EWZ A-), with a 17.19% advance. The victory of Jair Bolsonaro in the presidential elections stirred optimism that he will implement liberal economic reforms.

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.

Foreign Equity Review

Commodities Review

  • Commodities were mixed.
  • Oil (USO B) continued to decline despite a broad recovery in stocks. Crude slumped 4.67% for the week and 15.61% for the rolling month.
  • Natural gas (UNG B-), meanwhile, advanced 2.64% in the five days through Thursday and is the best performer.
  • The agricultural fund (DBA A) is up 3.16% for the month, becoming the top performer.
Commodities review

Currency Review

  • The Australian dollar (FXA B+) rose 2.23% this week, representing the best performance from the pack.
  • Meanwhile, the euro (FXE A) fell 1.47% this week due to a deteriorating economic picture. The euro is also the worst performer for the rolling month, down 1.2%.
  • The U.S. dollar (UUP B) reversed some of the gains this week but remains the best performer for the rolling month, up 1.1%.
Currency review

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

Disclosure: No positions at time of writing.

» Popular Pages

  • Tickers
  • Articles

Jan 30

Impact Bonds: Bumps in the Road Give Way

Jan 30

JRNY Rallies Over 16%

Jan 30

Focus on Free Cash Flow Over Tech Earnings With TTAC

Jan 30

Gain Exposure to GE HealthCare With RYH and CSD

Jan 30

Markets Dip, Anticipating Earnings and Fed Decision

Jan 30

Strong January for ARK Sees 3 Top-Performing ETFs

Jan 30

Time for Value? Watch AI-Backed Value ETF AIVL

Jan 30

China Gears Up To Boost Consumption

Jan 30

Fixed Income “Has a Huge Potential” to Outperform

Jan 30

Disruptive Commerce ETF BUYZ Goes Shopping

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