Weekly ETF Performance Review: Only the 'Shorts' Were Higher

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 |  Includes: ASA, EQS, IAT, IDMCQ, ISL, IWM, KBE, KRE, MXE, PJB, RHY, RKH, RMA, RMH, RSF, SCC, SDK, SFK, SMN, SPY, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV
by: Michael Bommarito

Volatility has been the word of the month, and though last week saw much of it, the market ended overall much further to the downside.

For the week, only 5 of 26 categories ended up, with only short and convertible funds ending the week up more than 1%. Of the 21 categories that were down, 17 were down more than 1%, 15 were down more than 2%, 9 were down more than 3%, and 4 were down more than 5%.

For the month now, only short funds are up, with the remaining funds down on average 8.5%.

As far as the week's correlations go, other than short funds, only commodity, municipal, and infrastructure funds had S&P correlations below 50%.

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etf week in review

Top Ten ETF and CEF Week Returns
individual ETF performance

Week and Month Select SPDR, S&P 500, and Russell 2000 Correlation Matrices
ETF correlations 1
ETF correlations 2