Best & Worst Monthly Performers: March 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 lower on future rate hike worries amid ongoing inflation concerns. iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO B-) which offers exposure to coffee futures topped the best monthly performers’ list with ~20% monthly gains as coffee prices gained and are expected to remain high on tight supply conditions and lower Brazil production due to delayed harvest and erratic weather conditions. iPath Bloomberg Cocoa SubIndex Total Return ETN (NIB A+) was also present on the list. Simplify Volt RoboCar Disruption and Tech ETF (VCAR C) and ARK Autonomous Technology & Robotics ETF (ARKQ B) ranked among the best-performing ETFs as demand for artificial intelligence devices gained on the back of increased interest in ChatGPT chatbot last month. Check out our Artificial Intelligence ETFs’ list here. Several global carbon ETFs such as iPath Global Carbon ETN (GRN C), KraneShares European Carbon Allowance ETF (KEUA ), and Carbon Strategy ETF (KARB ) featured on the list of best monthly performing ETFs as the craze for carbon ETFs picks up after countries worldwide work on curbing global warming. Many technology focused funds like MicroSectors FANG plus Index ETN (FNGS C) and ARK Next Generation Internet ETF (ARKW C+) made it to the list on strong US economic data and layoffs in major global IT companies. Overall the IT sector gained by 3% in the last month. Teucrium Sugar Fund (CANE C) and iPath Series B Bloomberg Sugar Subindex Total Return ETN (SGG C+) also made it to the best performing ETFs’ list as sugar prices gained due to beet sugar supply disruptions as well as a pessimistic sugar output outlook in India, the second-largest exporter in the world. To compare this month’s list with the one published on February 1, click here.Worst Performing ETFs United States Natural Gas Fund (UNG B-) and iPath Bloomberg Natural Gas Subindex Total Return ETN (GAZ C) ranked high on the worst performing ETFs list as natural gas prices continued to fall given the milder and receding winter season. Compare and contrast the two natural gas ETFs here. Several precious metals ETFs like Sprott Junior Gold Miners ETF (SGDJ C+), VanEck Vectors Junior Gold Miners ETF (GDXJ B+), and ETFMG Prime Junior Silver Miners ETF (SILJ C+) and others featured on the worst performing ETFs’ list as prices fell on the expectation of future interest rate hikes by the Fed and strong U.S. dollar. The metals and mining sector also fell by more than 5% in the last month. Aberdeen Standard Physical Palladium Shares ETF (PALL A) also made it to the worst performing ETFs’ list on demand concerns due to lower economic growth and substitution with platinum. KraneShares CSI China Internet ETF (KWEB B), WisdomTree China ex-State-Owned Enterprises Fund (CXSE A-), and iShares China Large-Cap ETF (FXI A) ranked among the worst performing ETFs as Chinese equities declined amid increasing US-China military tension. 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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