Best/Worst Daily ETF Returns: EWP Loses 6.76%
The iShares MSCI Spain Index Fund (NYSEArca:EWP) was the worst-performing exchange-traded fund Friday, July 20, shedding 6.76 percent, as a group of Europe-focused ETFs gave in to renewed concerns surrounding the region's economic health.
On Friday, Spain's borrowing costs rose again, as Spanish 10-year yields hit an all-time high since the euro was adopted. Concerns that a planned bailout of Spain's banking system might not be enough to help the troubled economy undermined the performance of equities markets both in Europe and here.
The Dow Jones industrial average dropped 120.79 points Friday, closing 0.93 percent lower at 12,822.57.
Other Europe-focused ETFs were also in the line of fire, such as the iShares MSCI Italy Index Fund (NYSEArca:EWI), which gave up 5.33 percent of value as more than 1.27 million shares traded hands.
On the flip side, natural gas funds were again among the day's best performers Friday, as unusually hot weather across much of the U.S. continued to support demand for natural gas, which is used in many cooling systems.
The United States Natural Gas Fund (NYSEArca:UNG) gained 2.58 percent on the day, while the iPath Dow Jones UBS Natural Gas Total Returns ETN (NYSEArca:GAZ) tagged on 2.43 percent in gains.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
|---|---|---|---|---|
| GRN | iPath Global Carbon ETN | 8.90% | 1,983 | 1.22 |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | 8.64% | 64,125 | 6.04 |
| VIXY | ProShares VIX Short-Term | 5.44% | 856,496 | 140.49 |
| VIIX | VelocityShares VIX Short Term ETN | 5.31% | 499,545 | 32.65 |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | 5.18% | 44,298,640 | 1,610.66 |
| SGG | iPath Dow Jones-UBS Sugar Total Return ETN | 3.27% | 17,997 | 29.76 |
| JJS | iPath Dow Jones-UBS Softs Total Return ETN | 2.95% | 1,897 | 18.97 |
| UNG | United States Natural Gas | 2.58% | 9,976,467 | 1,210.32 |
| VXZ | iPath S&P 500 VIX Mid-Term Futures ETN | 2.43% | 393,479 | 248.64 |
| GAZ | iPath Dow Jones-UBS Natural Gas Total Return ETN | 2.43% | 49,673 | 42.74 |
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
|---|---|---|---|---|
| EWP | iShares MSCI Spain | -6.76% | 1,516,396 | 151.70 |
| EWI | iShares MSCI Italy | -5.33% | 1,274,222 | 140.30 |
| FEZ | SPDR Euro STOXX 50 | -3.81% | 558,955 | 645.53 |
| EUFN | iShares MSCI Europe Financials | -3.77% | 19,564 | 20.94 |
| PEK | Market Vectors China | -3.61% | 1,210 | 15.36 |
| BWV | iPath CBOE S&P 500 BuyWrite ETN | -3.56% | 1,093 | 11.61 |
| EZU | iShares MSCI EMU | -3.29% | 212,204 | 639.28 |
| IPU | SPDR S&P International Utilities | -3.22% | 2,120 | 12.91 |
| EWO | iShares MSCI Austria Investable Market | -3.12% | 306,021 | 51.87 |
| IFEU | iShares FTSE EPRA/NAREIT Developed Europe | -2.96% | 1,449 | 13.41 |
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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