Despite some headwinds, markets soared last year, producing broad index gains of over 30%. Obviously with this kind of a broad market performance, some sectors were bound to see truly huge moves on the year. In fact, a few market segments added or lost more than 50% in the time frame, making 2013 a truly memorable year for some.
Both the Guggenheim Solar ETF ( TAN ) and the Global X Social Media ETF ( SOCL ) soared in 2013, with TAN doubling last year, and SOCL jumping more than 50%. Both of these funds saw strong earnings for their components, which helped to rekindle interest in these high flying sectors (read 3 Top Ranked ETFs that Will Crush the Market in 2014 ).
Not All Good News
However, while many might have soared, a few segments had horrendous years and plunged in the time frame. A great example of this is the Market Vectors Gold Miners ETF ( GDX ) as this fund faced extreme weakness due to sliding gold prices, pushing the ETF to lose more than half of its value on the year (instead see Inside 2013's Best Gold ETF ).
These three aforementioned names saw some extreme volatility in 2013, but will they have the same luck this year? For more reasons behind these shocking performances and their outlooks for 2014, make sure to watch our short video on the subject below:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
MKT VEC-GOLD MI (GDX): ETF Research Reports
GLBL-X SOCL MDA (SOCL): ETF Research Reports
GUGG-SOLAR (TAN): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report