Best & Worst Monthly Performers: May 5 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 the successful rollout of COVID-19 vaccines, support from the U.S. government, and expectations of an economic rebound.The Breakwave Dry Bulk Shipping ETF (BDRY) topped this month’s best monthly performers list on favorable dry shipping fundamentals and improving global economic growth.Elements MLCX Grains ETN (GRU B), Teucrium Corn Fund (CORN B), and Teucrium Wheat Fund (WEAT C) ranked high on the best-performing ETFs list, returning over 21%, 19%, and 18% respectively. In the last month, grain prices have risen on weather concerns. Check out our list of agricultural commodities here.Many metals focusing ETFs such as the Aberdeen Standard Physical Palladium Shares ETF (PALL A), Global X Copper Miners ETF (COPX B), Sprott Physical Platinum and Palladium Trust SPPP, and iShares MSCI Global Metals & Mining Producers ETF (PICK A-) ranked amidst the best-performing ETFs as the metals and mining sector gained by more than 8% in the last month.Several Brazilian ETFs like the iShares MSCI Brazil Small-Cap ETF (EWZS A-), First Trust Brazil AlphaDEX Fund (FBZ C), and VanEck Vectors Brazil Small-Cap ETF (BRF A-) featured on the list as Brazil’s market soared after the Brazilian unit of the world’s largest crop trader, Cargill, posted better-than-expected results driven by optimism around agricultural commodities.ETFMG Treatments Testing and Advancements ETF (GERM), launched in June of last year and tracking the performance of U.S. companies engaged in R&D, vaccines, therapies, and testing technologies, also made it to the list of best performers, as it is well-positioned to gain from the Novavax vaccine receiving a potential U.S. approval.To compare this month’s list with the one published on April 7, click here.Worst-Performing ETFsSeveral volatility ETFs like the ProShares VIX Short-Term Futures ETF (VIXY A) and iPath S&P 500 VIX Short-Term Futures ETN (VXX B+) topped this month’s worst-performing ETFs list as volatility declined in the last month. VIX, the CBOE Volatility index continues to linger near the 17-mark. Other volatility ETFs like the iPath S&P 500 VIX Mid-Term Futures ETN (VXZ B) and ProShares VIX Mid-Term Futures ETF (VIXM A+) also made it to the list. Here is our list of volatility ETFs.Many Japanese ETFs like the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS A-), WisdomTree Japan SmallCap Dividend Fund (DFJ B), and iShares MSCI Japan Value ETF (EWJV) ranked amidst the worst-performing ETFs list as coronavirus cases surged in the country. You can browse the complete list of Japanese ETFs here.Several marijuana ETFs, such as the AdvisorShares Pure Cannabis ETF (YOLO), Global X Cannabis ETF (POTX), and Cambria Cannabis ETF (TOKE) featured on the worst-performing ETFs list on worse-than-expected quarterly earnings results by Aphria.Columbia India Consumer ETF (INCO C), which tracks an index comprising 30 Indian consumer stocks, was one of the worst-performing ETFs this month as India has been devastated by a second wave of coronavirus infections.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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