Best/Worst Weekly ETF Returns: TUR Plummets

By Hannah Tool,

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Turkey- and Japan-focused ETFs dragged their feet in the week ended Thursday, June 6, while volatility strategies outperformed as markets trended downward.

The S&P 500 fell 31.85 points, or 1.9 percent, over that same five-day period, closing yesterday at 1,622.56.

The iShares MSCI Investable Market fund (NYSEArca:TUR) stumbled 14.34 percent, with most of the fund's fall happening on Monday following a massive sell-off in the Turkish stock market, triggered by mounting social unrest.

Turkey's epic stagger earlier this week serves as a reminder that single-country funds such as TUR can deliver a powerful sucker punch to a portfolio if the political and social temperatures get too hot. TUR has a broad Turkish focus, but it is akin to single-stock risk just the same.

Japan ETFs, which have enjoyed strong inflows and stellar performance to-date this year, lagged behind their peers as well, with the WisdomTree Japan Hedged Equity Fund (NYSEArca:DXJ) sloughing off 8.43 percent and the db X-trackers MSCI Japan Hedged Equity fund (NYSEArca:DBJP) falling 8.19 percent. The FirstTrust Japan AlphaDex fund (NYSEArca:FJP) also underperformed, falling 6.4 percent.

Volatility strategies like the C-Tracks Citi Volatility ETN (NYSEArca:CVOL), which spiked 17.73 percent, were the week's biggest gainers, delivering heightened performance on the downturn of markets, as they're designed to do.

Commodities funds like cocoa and cotton also boasted notable performances, as seasonal upswings boosted value.

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN 17.73% 29,635 1.93
GRN iPath Global Carbon ETN 9.49% 140,747 0.69
VIXY ProShares VIX Short-Term 7.71% 15,224,703 231.64
VIIX VelocityShares VIX Short Term ETN 7.59% 3,884,862 19.22
VXX iPath S&P 500 VIX Short-Term Futures ETN 7.57% 323,138,249 1,321.59
NIB iPath Dow Jones-UBS Cocoa Total Return ETN 7.04% 577,107 26.69
CHOC iPath Pure Beta Cocoa ETN 6.70% 18,229 5.25
TDX db X-trackers In-Target Date 5.86% 3,317 11.14
GLDX Global X Gold Explorers 5.54% 176,926 31.18
BAL iPath Dow Jones-UBS Cotton Total Return ETN 5.23% 130,684 36.86
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TUR iShares MSCI Turkey Investable Market -14.34% 5,258,113 731.58
DXJ WisdomTree Japan Hedged Equity -8.43% 70,850,533 9,155.59
DBJP db X-trackers MSCI Japan Hedged Equity -8.19% 878,207 102.69
EGPT Market Vectors Egypt -7.64% 324,135 30.39
ACCU AdvisorShares Accuvest Global Opportunities -7.21% 13,835 17.28
PIE PowerShares DWA Emerging Markets Technical Leaders -6.69% 2,925,952 503.17
THD iShares MSCI Thailand Capped Investable Market -6.55% 2,515,413 926.45
FJP First Trust Japan AlphaDex -6.40% 29,255 18.11
BBH Market Vectors Biotech -5.91% 962,676 304.74
BRAF Global X Brazil Financials -5.54% 2,175 3.67

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: CVOL , DBJP , DXJ , FJP , TUR

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