November 2018 Asset Class Total Returns

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Includes: DBC, DIA, EWH, EWW, PIN, QQQ, SPY, USO, XLB, XLC, XLE, XLI, XLK, XLV
by: Bespoke Investment Group

Below is a look at the performance of various asset classes in November using our key ETF matrix. Along with November total returns, we also include returns since the 9/20 high for the S&P 500 as well as year-to-date.

Both the S&P 500 (NYSEARCA:SPY) and the Dow 30 (NYSEARCA:DIA) gained just under 2% in November, while the Tech-heavy Nasdaq 100 (NASDAQ:QQQ) finished in the red. The Technology (NYSEARCA:XLK), Energy (NYSEARCA:XLE), and Communication Services (NYSEARCA:XLC) sectors were all down in November, while Health Care (NYSEARCA:XLV) was up huge at +8%. With gains of 3.8%, Industrials (NYSEARCA:XLI) and Materials (NYSEARCA:XLB) were the next best performing sectors behind Health Care.

Outside of the US, the best performing countries were Hong Kong (NYSEARCA:EWH) and India (NYSEARCA:PIN) with gains of 8% and 9.8%, respectively. On the flip side, Mexico (NYSEARCA:EWW) was the worst performing country with a decline of 4.16%.

The real action in November came in the commodities space. The broad commodities ETF (NYSEARCA:DBC) fell 9.85% on the month, which was due to oil's (NYSEARCA:USO) dramatic drop of 22.19%. Natural gas, on the other hand, caught a massive bid and gained 39.78% on the month! Nat gas is now up 60% on the year.

Treasury ETFs were slightly higher in November as rates pulled back a bit.