Best/Worst Daily ETF Returns: Commodities Hit

By Cinthia Murphy and Olivier Ludwig,

Shutterstock photo

Commodities ETFs were among the worst-performing funds Thursday, as investors continued to express their views that a financially troubled Europe could take a bite out of global demand for commodities.

The PowerShares Global Coal Portfolio (NYSEArca:PKOL) dropped 2.7 percent Thursday, while the SPDR S&P Metals and Mining Fund (NYSEArca:XME) shed 2.6 percent amid hefty trading volume that neared 4 million shares.

Other funds such as the Teucrium Soybeans ETF (NYSEArca:SOYB) and the Market Vectors Coal ETF (NYSEArca:KOL) also gave up ground in Thursday's session, shedding 2.5 percent and 2.4 percent, respectively.

Emerging-market-focused ETFs were also under pressure. A couple of Market Vectors ETFs tapping into Indonesia and India, as well as the broader IQ Emerging Markets Mid Cap ETF (NYSEArca:EMER), lost ground.

EMER dropped roughly 2.8 percent on the day. The overall stock market was weak, closing the last session in May lower, with the Dow Jones industrial average down 26.41 points, or 0.21 percent, at 12,393.45, putting an end to its seven-month gaining streak.

Top Performers

The best-performing fund was, interestingly, a commodities ETN:the PowerShares DB Agriculture Long ETN (NYSEArca:AGF), which saw gains of 2.9 percent, but the fund remains small overall, with total assets of just under $10.5 million.

Another commodities fund that diverged from the flock was the iPath Dow Jones-UBS Livestock Total Return ETN (NYSEArca:COW), which tagged on 2 percent on the day, pushing its total assets to near $53 million. Livestock prices are supported by the seasonal factors such as the kick-off to the U.S.' barbecue season.

The market's only Greece-focused ETF, the Global X FTSE Greece 20 ETF (NYSEArca:GREK), was also among the best-performing funds Thursday, gaining more than 2 percent on the day.

GREK has been a regular member of IndexUniverse's "Best/Worst Daily ETF Returns" list, as investors tug with their exposure to the country that is at the center of Europe's financial debacle. Still, GREK has under $3 million in assets.

Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
AGF PowerShares DB Agriculture Long ETN 2.89% 1,175 10.49
SKOR IQ South Korea Small Cap 2.50% 4,348 5.59
FAA Guggenheim Airline 2.30% 12,935 15.46
JSC SPDR Russell/Nomura Small Cap Japan 2.26% 5,773 82.18
EGPT Market Vectors Egypt 2.23% 31,938 42.00
GREK Global X FTSE Greece 20 2.08% 6,870 2.84
DFJ WisdomTree Japan SmallCap Dividend 2.03% 18,342 173.38
COW iPath Dow Jones-UBS Livestock Total Return ETN 1.96% 61,142 52.83
KROO IQ Australia Small Cap 1.95% 6,642 13.48
PMNA PowerShares MENA Frontier Countries Portfolio 1.91% 9,587 18.55
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -8.05% 46,300 10.72
CVRT PowerShares Convertible Securities -5.68% 3,360 9.04
IDXJ Market Vectors Indonesia Small Cap -4.67% 1,800 4.41
INR Market Vectors Indian Rupee/USD ETN -2.78% 2,773 2.45
EMER IQ Emerging Markets Mid Cap -2.78% 1,200 1.51
PKOL PowerShares Global Coal Portfolio -2.68% 3,948 9.65
XME SPDR S&P Metals and Mining -2.57% 3,927,541 588.10
SOYB Teucrium Soybeans -2.52% 16,112 4.47
IPN SPDR S&P International Industrial -2.50% 12,100 7.93
KOL Market Vectors Coal -2.37% 372,919 160.28

Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: AGF , COW , KOL , PKOL , XME

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