Here is the weekly list of the highest and the lowest performing ETFs. According to the source, the best Exchanged Traded Funds include:
- Transport Bull 3X ($TPOR).
- Homebuild Bull 3X ($NAIL).
- Industrials Bull 3X ($DUSL).
- Healthcare Bull 3X ($CURE).
As for the worst performing ETFs this week, they are the following:
- DB Gold 2X ($DGP).
- FTSE China Bull 3X (YINN).
- CSI China Internet Bull 2X ($CWEB).
- G-X MSCI China Info Tech ($CHIK).
Background of the Aforementioned ETFs
Transport Bull 3X targets The Dow Jones Transportation Average. This index is provided by Dow Jones U.S. and measures how big and popular companies within the transportation industry perform. Those companies include shipping, airlines, railroad companies.
Homebuild Bull 3X targets Dow Jones U.S. Select Home Construction Index. It measures companies working in a home construction sector providing a wide range of products and services related to the home construction industry. This index normally includes all types of companies (large-, mid-, small-capitalization).
Industrial Bull 3X targets the Industrials Select Sector Index, which is provided, in turn, by S&P Dow Jones Indices. It includes U.S. companies from the industrial sector in the following areas:
- aerospace and defense;
- industrial conglomerates;
- marine;
- transportation;
- machinery;
- road and rail;
- professional services and others.
Healthcare Bull 3X follows the Health Care Select Sector Index provided by the S&P. It includes U.S. based companies in the healthcare sector.
DB Gold Double is a product of Deutsche Bank AG issued in the United States. Investors yield depends on the performance of the underlying index and the monthly T-Bill index return.
FTSE China Bull 3X targets the FTSE China 50 Index including 50 largest and most liquid public companies based in China. The securities listed in this index are weighted based on the total market value of the securities included in it.
CSI China Internet Bull 2X targets the CSI Overseas China Internet Index, which was designed to measure the investors' performance that fund Chinese public companies operating on the internet or internet-related sectors.
G-X MSCI China Info Tech targets the Global X MSCI China Information Index, which includes large- to mid-capitalization businesses that are part of the IT sector.