Best & Worst Monthly Performers: November 17 Edition

Here is a look at the 25 best and 25 worst ETFs from the past week. 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 ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.Best Performing ETFsU.S.‌ ‌market‌ closed higher amid record inflation data, healthy employment report, strong quarterly numbers, Pfizer’s new antiviral drug, etc.This month’s best performing ETFs’ list consisted of several new-age and non-conventional ETFs focusing on blockchain, automation, cyber security, cryptocurrency, uranium, hydrogen, etc. This depicts the pace of change is now gathering momentum. The list includes several ETFs that are designed to counter the alarming climate change after the IPCC report sounded the red bell for humanity coupled with President Biden’s infrastructure bill focusing on decarbonization and green hydrogen.Global X Blockchain ETF (BKCH) that focuses on companies engaged in blockchain technology, including digital asset mining, blockchain & digital asset transactions, blockchain applications, etc., topped the best performing ETFs’ list this month. Blockchain has emerged to be one of the disruptive technologies supported by the rise of cryptocurrencies in 2021. The ETF stands to gain from potential governments and industries seeking to improve the transparency and security of financial transactions. You can read more hereSeveral other ETFs like Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ) and Bitwise Crypto Industry Innovators ETF (BITQ) focusing on cryptocurrency were also present on the list given the frenzy around crypto trading.Simplify Volt RoboCar Disruption and Tech ETF (VCAR) that focuses on autonomous driving also made it to the list as governments around the world sit up and take notice of alarming issues like climate change and global warming at hand, and are implementing stricter norms for the mandatory adoption of electric cars sooner than expected.Many ETFs focusing on hydrogen and uranium such as Global X Hydrogen ETF (HYDR), Direxion Hydrogen ETF (HJEN), North Shore Global Uranium Mining ETF (URNM) and Global X Uranium ETF (URA C+) featured on the list of best performing ETFs. Hydrogen offers some hope as a promising candidate to beat climate change. Uranium prices also got a boost driven by new industry developments and increased day trading.Other notable ETFs on this month’s list are Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN A), and TrueShares Technology, AI and Deep Learning ETF (LRNZ), etc. Check out our list of Artificial Intelligence ETFs here.To compare this month’s list with the one published on October 20, click here.Worst Performing ETFsBreakwave Dry Bulk Shipping ETF (BDRY)* topped this month’s worst performing ETFs as shipping costs start to stabilize and supply chains loosen up.Several oil and gas focused ETFs like ProShares K-1 Free Crude Oil Strategy ETF (OILK), United States Natural Gas Fund (UNG B-) and iPath Bloomberg Natural Gas Subindex Total Return ETN (GAZ C+) featured on the list with a growing inflation rate outlook.SPDR S&P Oil & Gas Equipment & Services ETF (XES B+) was one of the worst performing ETFs declining by more than 4% as the energy equipment and services segment lost more than 1% in the last month. Overall energy sector was the second worst performing sector this month. Credit Suisse S&P MLP Index ETN (MLPO C) also made it to the list.Many China focused ETFs such as Global X China Energy ETF (CHIE C), Loncar China BioPharma ETF (CHNA A-), First Trust China AlphaDEX Fund (FCA B) ranked among the worst performing ETFs after China Q3 GDP missed estimates and record high inflation rate in the US. Explore all China equities here.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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