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 (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 (XLB) is up the most with a MTD gain of 2.42%, followed by Technology (XLK), Industrials (XLI), Consumer Discretionary (XLY) and Consumer Staples (XLP). On the downside, Utilities (XLU) has fallen the most with a MTD decline of 1.30%. Telecom (IYZ), Financials (XLF), Healthcare (XLV) and Energy (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 (FXI) and Italy (EWI) are up more than 5% already this month, while countries like Australia (EWA), Hong Kong (EWH), Mexico (EWW), Spain (EWP) and Russia (RSX) are all up more than 3%.
Finally, Treasuries are down across the board this month, led by the 20+ Year Treasury ETF (TLT) at -2.61%. TLT is now down 5.03% this quarter and -13.44% this year.