Top ' Bottom Weekly ETF Returns: VXX Tanks

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While the iPath S&P 500 VIX-Short-Term Futures ETN (NYSEArca:VXX) was the third-most-popular exchange-traded product in terms of ETF inflows last week, it and a slew of other volatility-related products were the worst-performing ETPs last week.

VXX returned -11.7 percent, making it last week's fifth-worst-performing ETP, behind four other volatility-related products.

At the top of IndexUniverse's "Bottom 10 Weekly Performers" list was the Citigroup-sponsored C-Tracks Exchange Traded Notes on the Citi Volatility Index ETN (NYSEArca:CVOL), which lost 16.71 percent. In all, eight of the 10 securities on the biggest decliners list were volatility related.

That dismal showing is no surprise when it comes to volatility-related ETPs. Given a harrowing day of trade, they spike and perform beautifully. But on most days when trade is fairly smooth, they lose value and, over time, perform abysmally.

Still, they remain quite popular as tactical insurance-type tools to manage volatility at a time when investors are bracing for more macroeconomic volatility.

Best Performers

On the flip side, The iShares Dow Jones U.S Home Construction Index Fund (NYSEArca:ITB) was the top-returning ETF last week, providing glimmers of hope that the U.S. residential housing market may be stabilizing.

ITB jumped 8.57 percent in the trading week ended Thursday, April 26, with the Market Vectors Egypt ETF (NYSEArca:EGPT) earning runner-up status, with a 7.95 percent gain.

More broadly, natural gas funds were meanwhile among the week's best performers-a sign perhaps of a period of consolidation rather than a real turnaround for a market that has cratered over the past few years amid steady-to-slightly-lower demand that can't keep up with surging supplies.

The futures-based United States Natural Gas Fund (NYSEArca:UNG) was the third-best performer last week, returning 6.88 percent.

Among the other gas-related funds on the best-performers list were:

  • The equities-based First Trust ISE-Revere Natural Gas ETF (NYSEArca:FCG), which gained 4.84 percent
  • The futures-based United States 12 Month Natural Gas Fund (NYSEArca:UNL), which gained 4.61 percent
  • The futures-based Teucrium Natural Gas Fund (NYSEArca:NAGS), which gained 4.52 percent

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 8.57% 8,232,348 642.75
EGPT Market Vectors Egypt 7.95% 155,581 46.62
UNG United States Natural Gas 6.88% 55,313,683 819.90
JJT iPath Dow Jones-UBS Tin Total Return ETN 5.59% 28,979 69.60
FBT First Trust NYSE Arca Biotechnology 5.26% 338,968 252.11
FCG First Trust ISE-Revere Natural Gas 4.84% 2,246,875 364.59
XBI SPDR S&P Biotech 4.80% 962,919 525.55
XOP SPDR S&P Oil & Gas Exploration & Production 4.79% 26,427,868 981.34
UNL United States 12 Month Natural Gas 4.61% 281,015 28.15
NAGS Teucrium Natural Gas Fund 4.52% 16,800 1.59
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -16.71% 82,704 7.63
VXBB ETRACS 2-Month S&P 500 VIX Futures ETN -12.28% 1,100 5.17
VIXY ProShares VIX Short-Term -11.84% 2,410,316 128.46
VIIX VelocityShares VIX Short Term ETN -11.82% 872,086 22.75
VXX iPath S&P 500 VIX Short-Term Futures ETN -11.70% 200,450,899 1,711.77
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -6.55% 2,023,569 220.29
VIXM ProShares VIX Mid-term -6.26% 124,635 104.73
VXCC ETRACS 3-Month S&P 500 VIX Futures ETN -5.75% 1,100 6.42
INXX EGShares India Infrastructure -5.49% 75,380 55.44
EEH ELEMENTS Linked to SPECTRUM Large Cap U.S. Momentum ETN -5.11% 5,967 1.16

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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , ETFs

Referenced Stocks: EGPT , FCG , ITB , UNL , VXX

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