Best & Worst Monthly Performers: July 29 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 ETFsThe‌ ‌U.S.‌ market ‌gained during the last‌ ‌month‌ driven by the ultra-low rate regime by the Federal Reserve which has led to an increase in liquidity in capital markets.Many silver ETFs like PureFunds ISE Junior Silver ETF (SILJ C), iShares MSCI Global Silver Miners ETF (SLVP B+) and Global X Silver Miners ETF (SIL B-) topped this month’s best performing ETFs’ list as silver prices increased by nearly 30% during the month. Silver prices increased driven by low-interest rates and falling US dollar. Gold ETFs like VanEck Vectors Junior Gold Miners ETF (GDXJ B) and Sprott Junior Gold Miners ETF (SGDJ ) also ranked amongst the best performing ETFs as gold price also increased by more than 6% this month.Several clean energy ETFs such as Invesco Solar ETF (TAN B), Invesco WilderHill Clean Energy ETF (PBW B-) and SPDR Kensho Clean Power ETF (CNRG) featured on this month’s best performing ETFs’ list as renewable energy companies continued to make resilient progress despite the COVID-19 crisis. The rising global pandemic on the contrary further brought to light the benefits of using clean and green energy. Unlike the conventional thermal plants, renewable energy plants continued to operate given their green and clean credentials. Check out more about this ETF here: Shore Global Uranium Mining ETF (URNM) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX C) were the best performing candidates on the list returning nearly 19% and 17%, respectively in the last month as the metals and mining segment rose by 11%.To compare this month’s list with the one published on July 1, click here.Energy MLP ETFs such as Credit Suisse S&P MLP Index ETN (MLPO C), Dorsey Wright MLP Index ETN (BMLP) and InfraCap MLP ETF (AMZA ) topped the list of best-performing ETFs as energy sector declined by more than 4% this month. Compare and contrast the two MLP ETFs using our ETF Comparison tool.‌Many‌ ‌volatility‌ ‌ETFs‌ ‌like‌ ‌ProShares‌ ‌VIX‌ ‌Short-Term‌ ‌Futures‌ ‌ETF (VIXY‌) and ‌‌‌iPath S&P 500 VIX Short-Term Futures ETN (VXX‌) featured on ‌the‌ ‌list‌ ‌of‌ worst ‌monthly‌ ‌performers‌ ‌as‌ ‌volatility‌ declined ‌this‌ ‌month.‌ ‌VIX,‌ ‌the‌ ‌CBOE‌ ‌volatility‌ ‌index declined‌ ‌from‌ ‌near‌ 32 to 26 during‌ ‌the‌ ‌month.‌ Volatility‌ has reduced as the market begins to adjust to the new normal. ‌Check out our list of volatility indexes here.Breakwave Dry Bulk Shipping ETF ‌(BDRY) tanked down this month on slowing global shipments and trade as the world reels through the pandemic situation. The rising US-China tension and slowdown in industrial activities are also having a negative impact on bulk shipping.U.S. Global Jets ETF (JETS C) was one of the worst-performing ETFs this month as the aviation industry got hit by the rising number of coronavirus cases in the country that resulted in travel restrictions.Global X Cannabis ETF (POTX) was also present on the list of worst-performing ETFs losing nearly 10% in the month.Worst Performing ETFsPlease 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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