Best & Worst Monthly Performers: March 30 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 ETFsAll three major U.S. indices rose this month as investors turn optimistic about the nation’s ability to handle inflation, and a drop in jobless claims.This month’s list was topped several metals and mining funds like SPDR S&P Metals & Mining ETF (XME A) as the metals & mining segment gained by ~19% in the last month. Metal prices got a boost from supply disruptions caused by the Russia-Ukraine conflict.Several metal-focused ETFs like iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN C+), North Shore Global Uranium Mining ETF (URNM) and VanEck Vectors Steel ETF (SLX B+) featured on the list. Nickel which is produced in Russia (accounting for ~10% of the global supply) gained on supply concerns, while steel prices also increased as nickel got dearer. The war is also driving uranium prices higher and it could further soar if the U.S. imposes sanctions on Russian uranium imports. Check out our Industrial Metals’ ETF List here.Many energy ETFs like United States Brent Oil Fund (BNO B+), iPath Series B S&P GSCI Crude Oil Total Return Index ETN (OIL B+), and SPDR S&P Oil & Gas Equipment & Services ETF (XES B+) made it to the list of best performing ETFs as the overall energy sector gained ~15% in the last month.ProShares S&P Kensho Cleantech ETF (CTEX), ALPS Clean Energy ETF (ACES), and Invesco Solar ETF (TAN B) also ranked amongst the best monthly performers as clean energy funds got a boost from an increasing oil and gas crisis further emphasizing the need to strengthen the clean energy infrastructure around the globe. Several hydrogen funds such as Global X Hydrogen ETF (HYDR) and Defiance Next Gen H2 ETF (HDRO) also made it to the list.To compare this month’s list with the one published on March 2, click here.Worst Performing ETFsRussian ETFs like VanEck Vectors Russia ETF (RSX B+) and VanEck Vectors Russia Small-Cap ETF (RSXJ B-) topped the list of worst-performing ETFs on continuing Russia-Ukraine crisis.ProShares VIX Short-Term Futures ETF (VIXY A) was one of the contenders on the worst-performing ETFs list as VIX, the CBOE volatility index fell to 21.67 from the ~30 mark, a month ago.Several Chinese technology and consumer-focused ETFs such as KraneShares Hang Seng TECH Index ETF (KTEC), Invesco China Technology ETF (CQQQ B-), KraneShares CSI China Internet ETF (KWEB B+) and KraneShares CICC China Consumer Leaders Index ETF (KBUY) featured on the worst-performing ETFs list as the country recorded a sharp rise in COVID-19 cases last week, resulting in lockdowns in key areas. The country is also witnessing some tension with the U.S. on aiding the sanctions-hit Russia.Several carbon ETFs such as KraneShares European Carbon Allowance ETF (KEUA), KFA Global Carbon ETF (KRBN), and iPath Global Carbon ETN (GRN C) featured on the list amid Russian war and rising energy prices. However, the segment is expected to perform well in the long term as governments around the world keep aiming at slashing emissions. Compare and contrast the two global carbon ETFs using our ETF Comparison tool.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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