Best & Worst Monthly Performers: October 12 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 sent mixed signals amid rising oil, China growth concerns, and high levels of inflation in the last month. While Dow Jones increased, NASDAQ fell, and the S&P500 remained flat. The market also witnessed another rate hike in the past week. This month’s list was predominated by several oil and energy funds. Many oil-focused ETFs like iShares U.S. Oil Equipment & Services ETF (IEZ A-), SPDR S&P Oil & Gas Equipment & Services ETF (XES A-) and VanEck Vectors Oil Services ETF (OIH B+) topped the best monthly performers’ list as oil prices gained amid OPEC+ output cut plan and tight global supply concerns. The energy was the top-performing sector returning ~19% last month. The energy equipment and services segment also gained ~35% during the same period. Energy Select Sector SPDR Fund (XLE A) and Vanguard Energy ETF (VDE A) were also present on the list with more than ~18% monthly gains. Direxion Daily AMZN Bear 1X Shares (AMZD ), which provides inverse exposure to the daily price movement for shares of Amazon stock was one of the best-performing funds with 26% monthly gains. Amazon stock suffered from weak fourth quarter estimates as well as lower-than-expected third-quarter numbers. Several cannabis ETFs like ETFMG U.S. Alternative Harvest ETF (MJUS B-) and AdvisorShares MSOS 2x Daily ETF (MSOX ) ranked among the contenders on the best monthly performers list after legalization efforts, such as marijuana pardons, from the federal government. Check out our Marijuana ETFs’ list here. Several carbon ETFs such as KraneShares European Carbon Allowance ETF (KEUA ) and iPath Global Carbon ETN (GRN C) featured on the list amid rising energy prices and energy crisis in Europe. The demand for this segment is expected to remain strong around increasing global emission concerns. iShares MSCI Turkey ETF (TUR A-) was another best-performing ETF last month as the market surged despite rising inflation trends in the country. Food and energy prices continued to climb and the lira fell against the USD. To compare this month’s list with the one published on October 12, click here.Worst Performing ETFs Direxion Daily AMZN Bull 1.5X Shares (AMZU ) topped the list with 33% monthly losses on weak Q3 results and Q4 guidance. Several crypto currency ETFs like Valkyrie Bitcoin Miners ETF (WGMI ), Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ C), VanEck Digital Assets Mining ETF (DAM ) and Bitwise Crypto Industry Innovators ETF (BITQ ) featured on the worst performing ETFs list as the risk assets were heavily pressured from further policy tightening by the Fed. The Fed increased interest rates by another 0.75 percentage points. Several Tesla-focused funds like Direxion Daily TSLA Bull 1.5X Shares (TSLL ) and GraniteShares 1.25x Long TSLA Daily ETF (TSL ) were the constituents of the worst performing ETFs’ list as the stock fell after missing the latest quarterly revenue expectations. Compare and contrast the two Tesla ETFs using our ETF Comparison tool. Many Chinese focused ETFs like KraneShares CICC China Consumer Leaders Index ETF (KBUY B-) and KraneShares CSI China Internet ETF (KWEB B) ranked among the worst performing ETFs losing ~17% and ~14%, respectively in the last month amid renewed COVID lockdown conditions and poor economic data. 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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