We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
2022 was a brutal year for stocks and bonds. The S&P 500 fell 19%, its worst performance since 2008. The Dow fared the best of the major indexes, losing “only” about 9%.
The Nasdaq plunged 33%, as many earlier high-flying stocks were beaten down. The tech-heavy index underperformed the broader benchmark by the biggest margin since 2002, per WSJ.
The iShares MSCI Turkey ETF (TUR - Free Report) was the top performing unleveraged ETF with a gain of over 100%. Domestic investors piled into Turkish stocks as inflation surged to over 80%. The central bank shocked global experts by continuing interest rate cuts to boost growth even as the lira slumped almost 30% against the dollar.
The Simplify Interest Rate Hedge ETF (PFIX - Free Report) , which seeks to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases, gained over 90%.
The VanEck Oil Services ETF (OIH - Free Report) returned about 66% as many oilfield services companies like Schlumberger (SLB - Free Report) and Halliburton (HAL - Free Report) reported blockbuster profits.
Crypto and blockchain related ETFs were among the worst performing areas as Bitcoin plunged about 65% last year. The Viridi Bitcoin Miners ETF (RIGZ), which liquidated yesterday, was down 87%.
Cannabis stocks and ETFs suffered from Democrats’ failure to pass any banking reforms for marijuana companies. With a Republicans House majority now, there is little hope of any legal reforms over the next two years.
To learn more, please watch the short video above.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Best & Worst Performing ETFs of 2022
2022 was a brutal year for stocks and bonds. The S&P 500 fell 19%, its worst performance since 2008. The Dow fared the best of the major indexes, losing “only” about 9%.
The Nasdaq plunged 33%, as many earlier high-flying stocks were beaten down. The tech-heavy index underperformed the broader benchmark by the biggest margin since 2002, per WSJ.
The iShares MSCI Turkey ETF (TUR - Free Report) was the top performing unleveraged ETF with a gain of over 100%. Domestic investors piled into Turkish stocks as inflation surged to over 80%. The central bank shocked global experts by continuing interest rate cuts to boost growth even as the lira slumped almost 30% against the dollar.
The Simplify Interest Rate Hedge ETF (PFIX - Free Report) , which seeks to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases, gained over 90%.
The VanEck Oil Services ETF (OIH - Free Report) returned about 66% as many oilfield services companies like Schlumberger (SLB - Free Report) and Halliburton (HAL - Free Report) reported blockbuster profits.
Crypto and blockchain related ETFs were among the worst performing areas as Bitcoin plunged about 65% last year. The Viridi Bitcoin Miners ETF (RIGZ), which liquidated yesterday, was down 87%.
Cannabis stocks and ETFs suffered from Democrats’ failure to pass any banking reforms for marijuana companies. With a Republicans House majority now, there is little hope of any legal reforms over the next two years.
To learn more, please watch the short video above.