Recent Asset Class Performance

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Includes: EWA, EWH, EWI, EWP, EWW, FXI, IYZ, QQQ, RSX, SLV, TLT, UNG, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
by: Bespoke Investment Group

Below is an updated look at the performance of various asset classes (using ETFs) so far during the month of August. We also highlight Q3 and year-to-date performance for each of the ETFs shown.

While the market has been struggling a bit lately, the S&P 500 SPY ETF is still up 50 bps in August. The Nasdaq 100 (NASDAQ:QQQ) has done even better with a MTD gain of 1.66%. Of the various US index ETFs highlighted, QQQ is up the most so far this month.

Looking at August sector performance, five are up and five are down. Materials (NYSEARCA:XLB) is up the most with a MTD gain of 2.42%, followed by Technology (NYSEARCA:XLK), Industrials (NYSEARCA:XLI), Consumer Discretionary (NYSEARCA:XLY) and Consumer Staples (NYSEARCA:XLP). On the downside, Utilities (NYSEARCA:XLU) has fallen the most with a MTD decline of 1.30%. Telecom (NYSEARCA:IYZ), Financials (NYSEARCA:XLF), Healthcare (NYSEARCA:XLV) and Energy (NYSEARCA:XLE) are the other four sectors in the red so far this month.

International markets have done significantly better than the US so far in August. China (NYSEARCA:FXI) and Italy (NYSEARCA:EWI) are up more than 5% already this month, while countries like Australia (NYSEARCA:EWA), Hong Kong (NYSEARCA:EWH), Mexico (NYSEARCA:EWW), Spain (NYSEARCA:EWP) and Russia (NYSEARCA:RSX) are all up more than 3%.

Looking at commodities, Silver (NYSEARCA:SLV) is up the most of any asset class in our table with an August gain of 8.1%. Natural Gas (NYSEARCA:UNG), on the other hand, is down 4.12%.

Finally, Treasuries are down across the board this month, led by the 20+ Year Treasury ETF (NYSEARCA:TLT) at -2.61%. TLT is now down 5.03% this quarter and -13.44% this year.

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