Best & Worst Monthly Performers: February 1 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 ETFs All three market indices closed higher on a better-than-expected GDP number, good results from the technology sector, and a lower rate hike from the US Fed. This month’s best performing ETFs’ list was predominated by several crypto, blockchain, and tech-focused funds like Valkyrie Bitcoin Miners ETF (WGMI ), VanEck Digital Assets Mining ETF (DAM ), VanEck Vectors Digital Transformation ETF (DAPP C+), and Global X Blockchain ETF (BKCH C+). Many growth and beta stocks moved higher on an expected slowdown in interest rate hikes and cooling inflation. Cathie Woods’ ARK Next Generation Internet ETF (ARKW C+) and ARK FinTech Innovation ETF (ARKF B-) also made it to the list with monthly returns of 26% and 27% eyeing slowing inflation. ProShares Online Retail ETF (ONLN B) and Global X E-commerce ETF (EBIZ B) featured on the list with ~24% monthly returns as an increasing number of consumers now prefer to shop smart amid high inflation, increasing digitalization, and a rise in remote working. Internet and catalog retail posted gains of more than 16% in the last month. You can read more about this trend here. To compare this month’s list with the one published on January 4, click here.Worst Performing ETFs Several natural gas ETFs like the United States Natural Gas Fund (UNG B-) and iPath Bloomberg Natural Gas Subindex Total Return ETN (GAZ C) featured on the worst performing ETFs’ list losing more than 36% in the last month, as mild winter weather continued to weaken demand. Volatility ETFs such as iPath S&P 500 VIX Short-Term Futures ETN (VXX A-) and ProShares VIX Short-Term Futures ETF (VIXY A) made it to the list with ~20% losses in the last month, as VIX the CBOE volatility index fell to 18.8 from ~21 over the last month amid slower inflation trends. Commodity fund like GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB ) was present on the list of worst performing ETFs amid falling commodity and freight costs. Consumer prices fell 0.1% in December compared with the prior month. AdvisorShares Pure US Cannabis ETF (MSOS ), Roundhill Cannabis ETF (WEED ), and ETFMG U.S. Alternative Harvest ETF (MJUS B-) ranked on the worst performing ETFs’ list last month as cannabis stocks struggled from weak retail prices as well as U.S. federal restrictions. Check out our Marijuana ETFs’ list 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.