The month of March was all about the rapid spread of coronavirus, lockdowns in various corners of the world, Wall Street’s skidding into the bear territory, the Fed’s announcement of zero rates as well as unlimited QE, $2-trillion U.S. stimulus, massive policy easing in other parts of the world, and all-time low benchmark treasury yields.
Though there were short-spell rallies, the S&P 500, the Dow Jones and the Nasdaq composite have lost about 13.9%, 14.9% and 12.4% in the past month (as of Mar 27, 2020) (read:
Wall Street Enters Bear Market: ETFs That Are Near 52-Week High). Winners Volatility iPath Series B S&P 500 VIX Short-Term Futures ETN ( VXX Quick Quote VXX - Free Report) — Up 130%
Volatility remained high during March du to stock market turbulence.The underlying S&P 500 VIX Short-Term Futures Index Total Return offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects views of the future direction of the VIX index at the time of expiration of the VIX futures contracts comprising the Index.
Inverse Equity ETFs AdvisorShares Dorsey Wright Short ETF ( DWSH Quick Quote DWSH - Free Report) — Up 26.6%
This ETF is actively-managed and does not track a benchmark. It has a high expense ratio of 3.07%. Since stocks collapsed, this inverse-equity ETF has gained massively in March.
Long-Term U.S. Treasury PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund ( ZROZ Quick Quote ZROZ - Free Report) — Up 13.8%
As long-term U.S. treasury yields dived to as low as 0.72% on Mar 27, long-term U.S. treasury bonds jumped materially. The highest yield offered by the benchmark treasury yield was 1.18%, recorded on Mar 18.
The underlying ICE BofAML Long US Treasury Principal STRIPS Index comprises long maturity Separate Trading of Registered Interest & Principal of Securities representing the final principal payment of U.S. Treasury bonds.
Coffee iPath Series B Bloomberg Coffee Subindex Total Return ETN ( JO Quick Quote JO - Free Report) — Up 4.6%
The coronavirus outbreak has resulted in lockdowns in many countries. People are indulging in panic buying of food stuff, which is spurring demand for agricultural commodities.
“Brokers and wholesalers are currently short on beans and having difficulties securing new supplies” and major producing nations are also not being able to meet the high demand, per
an analyst (read: Soft Commodity ETFs Showing Better Resistance to Virus). Losers Energy SPDR S&P Oil & Gas Equipment & Services ETF ( XES Quick Quote XES - Free Report) — Down 55.4%
Global recessionary fears amid the virus scare and price war between Saudi and Russia sent oil into a tailspin.
United States Oil Fund LP ( USO Quick Quote USO - Free Report) has slumped 52.7% in the past month (read: Global Oil Price War Begins: ETFs in Focus). MLPs InfraCap MLP ETF ( AMZA Quick Quote AMZA - Free Report) — Down 65.2%
Energy MLPs are also victims of the energy price crash. The underlying InfraCap MLP ETF seeks total return, primarily through investments in equity securities of publicly-traded master limited partnerships and limited liability companies taxed as partnerships.
Mortgage REIT VanEck Vectors Mortgage REIT Income ETF ( — Down 49.1% MORT Quick Quote MORT - Free Report)
Despite the decline in rates, m-REITs are suffering a lot.
Per an analyst, investors are probably recalling the Great Recession when m-REITs suffered a great deal and are assuming “that huge losses are coming.” Small-Cap Brazil iShares MSCI Brazil Small-Cap ETF ( EWZS Quick Quote EWZS - Free Report) — Down 42.9%
Like many other emerging markets, Brazil stocks are suffering.Gross domestic product of the country grew 1.1% last year, at the
slowest clip in three years. Since small-cap stocks resemble the domestic economic scenario, the huge slump in EWZS is self-explanatory. Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>