Best & Worst Monthly Performers: April 7 Edition

Here is a look at the 25 best and 25 worst ETFs from the past trading month. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions.Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.To‌ ‌get‌ ‌access‌ ‌to‌ ‌all‌ ‌‌ ‌premium‌ ‌content,‌ ‌sign‌ ‌up‌ ‌for‌ ‌a free‌ ‌14-day‌ ‌trial‌ ‌to‌ ‌‌ ‌Pro.Best-Performing ETFsU.S. market indices gained on increasing oil, economic recovery, and higher stimulus.Breakwave Dry Bulk Shipping ETF (BDRY) topped this month’s best monthly performers list on favorable dry shipping fundamentals and higher shipping rates on the back of the Suez Canal blockage. You can read more about this ETF of the week here.Several home construction ETFs like the iShares U.S. Home Construction ETF (ITB A-) and SPDR S&P Homebuilders ETF (XHB A+) featured on the list as real estate was the best-performing sector, returning more than 7% in the last month.Many metals ETFs such as Aberdeen Standard Physical Palladium Shares ETF (PALL A), iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT B), iShares MSCI Global Gold Miners ETF (RING B), VanEck Vectors Steel ETF (SLX B+), and Global X Uranium (URA C+) ranked amidst the best-performing ETFs as the metals and mining sector gained by more than 8% in the last month. Commodity prices strengthened due to a weakening dollar.To compare this month’s list with the one published on March 10, click here.Worst-Performing ETFsSeveral volatility funds like the iPath S&P 500 VIX Short-Term Futures ETN (VXX B+) and ProShares VIX Short-Term Futures ETF (VIXY A) topped this month’s worst-performing ETFs list as volatility declined in the last month. VIX, the CBOE Volatility index, fell from 28.5 to near 17 in a month’s time.Invesco Solar ETF (TAN B) featured on this month’s worst-performing ETFs list after a California utility company proposed to charge new customers a monthly fee if they have solar roofs. Invesco WilderHill Clean Energy ETF (PBW B-) also featured on the list.iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN C+) was one of the worst-performing ETFs as nickel prices are expected to fall on increasing supplies from Indonesia.Several China-focused ETFs like the Invesco Golden Dragon China ETF (PGJ B-), KraneShares CSI China Internet ETF (KWEB B+), and Invesco China Technology ETF (CQQQ B-) also made it to the list on falling bond prices and growing economic normalization.AdvisorShares Pure US Cannabis ETF (MSOS), which focuses entirely on U.S. cannabis companies, was one of the contenders on the worst-performing ETFs list.Please note that this list is updated on a monthly basis.For more ETF analysis, make sure to sign up for our free ETF newsletter.Disclosure: No positions at time of writing.

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