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What have been the top performing US ETFs in October?

Oct 19, 2018

 

  • Worries about escalating trade tensions between the United States and China, geopolitical tensions between the United States and Saudi Arabia, and concern about the impact of rising interest rates on stock market valuations put downward pressure on US stocks in October -- month to date (MTD), the S&P 500 is down 4.98%, the Dow is down 4.08%, and the Russell 2000 is down 8.76%.  
     
  • We excluded all "short" ETFs from this analysis to avoid skewing our analysis -- the majority of the large ETFs utilizing "short" strategies have performed well in October to date
     
  • The Direxion Daily Gold Miners Index ETF (NUGT) and the Direxion Daily Junior Gold Miners Index ETF (JNUG) are two of the top performing ETFs this October, posting 23.55% and 21.08% MTD returns, respectively -- this is no surprise as gold, historically, exhibits a  negative correlation with stocks and is seen as a hedge in bearish markets.
     
  • Notably, utility ETFs have been structural outperformers which suggest a systematic rotation to defensive sectors since yield-sensitive stocks should, theoretically, be pressured in an environment of rising rates 

 

 

Name Ticker 1D Return MTD Return YTD Return 1 Yr Return 3 Yr Return 5 Yr Return 10 Yr Return
Direxion Daily Gold Miners Index Bull 3X Shares NUGT US 1.39% 23.55% -49.38% -50.94% -24.51% -46.37%                      -  
Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG US -0.99% 21.08% -49.55% -49.29% -25.67% -56.51%                      -  
Direxion Dly S&P Oil & Gs Ex&Prd Br 3X ETF DRIP US 5.06% 18.82% -45.40% -64.13% -52.93%                   -                        -  
AdvisorShares Trust - AdvisorShares Ranger Equity Bear ETF HDGE US 2.30% 8.70% 2.04% -4.31% -9.49% -10.66%                      -  
Direxion Shares ETF Trust - Direxion Daily Utilities Bull 3X Shares UTSL US 0.54% 5.72% 3.65% -2.77%                   -                     -                        -  
U.S. Global GO GOLD and Precious Metal Miners ETF GOAU US -0.36% 4.45% -15.14% -13.02%                   -                     -                        -  
Invesco S&P 500 Equal Weight Utilities ETF RYU US 0.11% 2.34% 7.46% 5.71% 9.89% 10.60% 9.69%
The Select Sector SPDR Trust XLU US 0.15% 2.05% 4.62% 2.54% 9.90% 10.70% 8.35%
John Hancock Multifactor Utilities ETF JHMU US 0.03% 1.88% 6.47% 4.14%                   -                     -                        -  
Vanguard Utilities ETF VPU US 0.11% 1.76% 5.39% 3.53% 10.94% 11.01% 8.98%
Fidelity MSCI Utilities Index ETF FUTY US 0.06% 1.75% 5.25% 3.35% 10.83%                   -                        -  
iShares U.S. Utilities ETF IDU US 0.07% 1.70% 5.00% 2.98% 10.25% 10.65% 8.57%
First Trust Utilities AlphaDEX Fund FXU US 0.07% 1.45% 9.20% 6.26% 9.12% 9.59% 9.17%
Invesco DWA Utilities Momentum ETF PUI US 0.03% 1.36% 6.01% 4.13% 11.84% 10.63% 8.10%
VanEck Vectors High Income Infrastructure MLP ETF YMLI US -0.69% 1.33% 5.22% 5.70% 2.93% -1.64%                      -  
Cambria Core Equity ETF CCOR US 1.25% 1.27% 0.42% 2.06%                   -                     -                        -  
ETRACS Alerian Natural Gas MLP Index ETN MLPG US 0.93% 1.21% 7.43% 5.94% 4.97% -1.25%                      -  
First Trust Nasdaq Food & Beverage ETF FTXG US                  -   1.06% -5.03% -0.98%                   -                     -                        -