Credit: Shutterstock photoThe Market Vectors Junior Gold Miners fund (NYSEArca:GDXJ) spiked 11.51 percent in the week ending Thursday, July 25, topping returns and leading a group of gold and silver miner funds to serve up tasty return jumps.
The S&P 500 stayed steady during that same five-day period, rising 0.88 points, or flat for the week, to close at 1,690.25 on Thursday.
All 10 of the best-performing funds were mining-focused, holding baskets of stocks that invest in various parts of the excavation process involved with mining precious metals. As gold prices rallied for the third-consecutive week, the value of these mining funds enjoyed a hefty jump in performance return.
A mix of funds showed the most noteworthy performance slumps, with volatility based strategies ringing in as the worst performers. Domestic markets were mixed throughout the week, and funds like the ProShares VIX Short-Term ETF (NYSEArca:VIXY) can suffer when volatility turns out to be in the market's favor, as it did this week.
Natural gas lagged, as shown by the iPath Dow Jones-UBS Natural Gas Total Return ETN (NYSEArca GAZ) sliding 5.63 percent and the United States Natural Gas fund (NYSEArca:UNG) falling 4.30 percent.
Single-country funds focused on Indonesia and Turkey retreated:the Market Vectors Indonesia Small Cap fund (NYSEArca:IDXJ) lost 4.74 percent and the iShares MSCI Turkey ETF (NYSEArca:TUR) slid 4.34 percent.
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
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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