Below is a look at how various asset classes (using tradeable ETFs) have performed since stocks put in a short-term bottom on October 15th. For each ETF, we also include its performance so far this month and year.
As shown, US equities have surged off the 10/15 lows, while international markets have seen a more subdued gain. The Nasdaq 100 (NASDAQ:QQQ) and midcaps (NYSEARCA:IJH) have bounced the most, while sectors like Energy (NYSEARCA:XLE), Materials (NYSEARCA:XLB) and Health Care (NYSEARCA:XLV) have outperformed. Most sectors are still down for the month, while four of ten are down on the year (Cons. Discret., Energy, Industrials, Telecom).
The rally in stocks has coincided with a drop in Treasuries, but for the month, fixed income ETFs are still up big. And year-to-date, the 20+ Year Treasury ETF (NYSEARCA:TLT) is up the second most of any asset class on the list behind just India (NYSEARCA:INP). Russia (NYSEARCA:RSX) is down the most year-to-date with a decline of 27.31%.