Since hitting a high on April 23, the S&P 500 is down 12% as many of its peers around the globe have fared even worse. So which ETFs have been able to hold up the best?
A look at the best of breed since 4/23 as broken down by asset type.
Market Vectors Gold Miners ETF (NYSEARCA:GDX) – No big surprise here considering gold’s rise during the sell-off.
HOLDRS Internet Infrastructure ETF (NYSE:IIH) – Virtually no volume for this $3 ETF that has 89% of its assets in two stocks: Verisign and Akamai Technologies.
SPDRs Consumer Staples ETF (NYSEARCA:XLP) – When the word recession begins to make its way back into investors vocabulary the consumer staple stocks become attractive again.
iShares MSCI Chile ETF (BATS:ECH) – The best of the worst. All ETFs in this category were in the red, but ECH only lost 1.5% as it consolidates for nearly six months.
iShares Thailand ETF (NYSEARCA:THD) – This one does surprise me, but clearly it outperformed its peers in Asia, only losing 2.5%.
Global X InterBolsa Columbia 20 ETF (NYSEARCA:GXG) – Thinly traded ETF that has experienced some wild swings over the last month, but only down 4%.
Fixed Income ETFs
Vanguard Extended Duration ETF (NYSEARCA:EDV) – A big move of 13% as volume has picked up for the long-term bond ETF.
iShares Barclays 20+ Year Treasury Bond ETF (NYSEARCA:TLT) – Gained 7%, but is off the recent highs near $100/share. I would look to sell into the strength.
SPDR Long Term Treasury ETF (TLO) – A consistent theme in this category as the long-term government bonds have been the winners as equities fell.
Disclosure: Long GDX