And 2016’s Winners were … (Tier 1 Providers)

No, I don’t want to take you back to early 2016 … After all, the first 5-6 weeks of 2016 came as a bit of a shocker to market participants overall – and the way things seemed to be headed, it looked like it had the makings of getting considerably worse.

Anyways, as we all know by now, this isn’t what came to pass, and in retrospect, if there is possibly one thing to be taken away from 2016 – aside from many know it alls not ultimately knowing more than everyone else … – is that 2017 might in fact have a hard time replicating the relative investment success 2016 turned out to be.

Here are the ETFs that would have seen you enjoying greater fortunes as we wrapped up 2016, respectively those that would have left you poorer (for 2016 as a whole first, followed by top and bottom performers in December – by provider):

iShares – Top and Bottom Performing ETFs for 2016:

iShares 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
XBZ -0.22% 1.34% 14.77% 57.22% 57.22% 4.57% 0.05% -3.05%
XBM -7.30% 13.34% 29.17% 53.54% 53.54% 0.15% -2.75% -1.78%
XGD 1.81% -18.15% -23.13% 49.96% 49.96% 15.83% 7.93% -11.01%
XMA -0.70% -6.35% -7.54% 40.31% 40.31% 5.00% 2.21% -6.69%
XEG 0.46% 10.93% 17.42% 38.80% 38.80% 2.37% -4.46% -1.44%
XCS 3.83% 3.15% 8.15% 38.15% 38.15% 9.34% 5.18% 3.98%
CRQ 0.68% 8.14% 14.44% 29.73% 29.73% 7.15% 6.93% 9.19%
XEI 3.32% 5.85% 11.88% 28.15% 28.15% 4.57% 4.68% 7.17%
CWO 0.84% 5.17% 17.56% 27.25% 27.25% 8.95% 6.71% 6.95%
CEW 2.83% 15.04% 22.21% 26.08% 26.08% 10.87% 10.83% 16.71%
CJP 3.61% 18.05% 29.70% -0.49% -0.49% 4.55% 5.79% 16.08%
XMM -1.80% -6.69% -1.10% -1.04% -1.04% 1.89% 3.95%
CGR 2.30% -3.91% -2.15% -2.19% -2.19% 8.90% 13.80% 14.76%
XEF 3.05% 0.94% 9.03% -2.37% -2.37% 8.42% 6.39%
XID -0.98% -6.32% -0.20% -2.64% -2.64% 3.22% 14.02% 13.18%
XCH -7.37% -6.30% 5.29% -4.02% -4.02% -0.07% 6.52% 7.75%
XEU 4.81% 1.20% 8.34% -4.10% -4.10% 6.52%
XFI 2.49% 0.50% 8.87% -4.61% -4.61%
XHC 1.60% -3.18% -3.46% -5.22% -5.22% 1.23% 7.84% 14.87%
XMI -0.74% -6.91% -4.06% -7.15% -7.15% 9.24% 10.20%
Dec-16

Highlights:

  • Political developments in Brazil (Dilma Rousseff empeachment) combined with crude recovery allowed Brazil to come on top the performance table – who would have thought? Certainly not all those seeing all the positives in India’s future, as India in fact lost some ground in 2016.
  • Oil’s (OPEC’s) return from the walking dead (which by the way, stocks look to have foreshadowed) helped Canadian Energy, and of course, given their weights in our main indices, Canada’s market overall.
  • Golds – spectacular beginning to 2016, not so much lately – but still, with the kind of returns produced at the front end of the year, gains were still strong enough to claim a spot amongst top 10 performers for 2016. 2017? Better performance in recent days – but prospect of reflation and attendant higher rates not helpful to Golds
  • High Dividend Yield (XEI) significantly outperforming Dividend Growers (CDZ) in 2016
  • Strong relative performance for Fundamental indexing in Canada (CRQ vs XIU) – a reflection of Value making its comeback in 2016

iShares – Top and Bottom Performing ETFs – December 2016:

 

iShares 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
XEH 5.77% 6.17% 11.23% 8.48% 8.48% 7.65%
XEU 4.81% 1.20% 8.34% -4.10% -4.10% 6.52%
FIE 4.05% 10.67% 16.15% 21.02% 21.02% 7.11% 7.98% 10.85%
XFH 3.95% 6.86% 13.45% 6.84% 6.84%
XCS 3.83% 3.15% 8.15% 38.15% 38.15% 9.34% 5.18% 3.98%
CIE 3.72% 5.57% 14.83% 2.48% 2.48% 7.68% 5.99% 12.10%
XRE 3.63% 0.47% -3.29% 16.86% 16.86% 5.26% 6.70% 5.82%
CJP 3.61% 18.05% 29.70% -0.49% -0.49% 4.55% 5.79% 16.08%
CPD 3.52% 5.12% 9.96% 6.46% 6.46% -4.99% -1.36% -0.50%
XIN 3.51% 6.06% 12.18% 5.38% 5.38% 4.97% 4.71% 11.12%
XLB -1.25% -7.56% -5.43% 2.29% 2.29% 2.89% 7.42% 3.96%
CGL -1.66% -12.56% -12.57% 7.96% 7.96% -2.65% -1.91% -6.39%
XMM -1.80% -6.69% -1.10% -1.04% -1.04% 1.89% 3.95%
CGL.C -1.91% -10.63% -9.57% 4.78% 4.78% 5.22% 6.19% -1.13%
XRB -2.36% -4.69% -3.12% 2.41% 2.41% 2.37% 5.72% 0.94%
SVR -2.68% -16.45% -12.26% 15.26% 15.26% -0.88% -7.18%
SVR.C -2.88% -14.42% -8.87% 12.72% 12.72% 7.84% 1.05%
CBQ -3.83% -6.78% 5.52% 8.60% 8.60% -5.24% -5.53% -2.68%
XBM -7.30% 13.34% 29.17% 53.54% 53.54% 0.15% -2.75% -1.78%
XCH -7.37% -6.30% 5.29% -4.02% -4.02% -0.07% 6.52% 7.75%
etfinsight Dec-16

Vanguard – Top and Bottom Performing ETFs 2016:

 

Vanguard 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
VDY 3.30% 9.50% 16.03% 26.65% 26.65% 6.49% 7.03%
VCN 1.64% 4.82% 10.51% 21.42% 21.42% 5.28% 6.76%
VCE 2.04% 5.91% 11.81% 20.36% 20.36% 5.08% 7.32% 8.44%
VRE 3.73% -0.48% -2.61% 14.58% 14.58% 7.31% 8.53%
VUS 1.84% 4.01% 8.45% 11.74% 11.74% 5.43% 7.79% 14.15%
VSP 1.91% 3.76% 7.63% 11.19% 11.19% 5.70% 8.30%
VGH 1.00% 1.92% 3.08% 10.78% 10.78% 3.77% 5.79%
VUN 1.83% 6.54% 12.82% 8.99% 8.99% 13.91% 16.74%
VFV 1.93% 6.30% 11.99% 8.46% 8.46% 14.20% 17.31%
VEE -0.87% -2.32% 7.04% 8.29% 8.29% 3.93% 5.49% 6.45%
VXC 1.77% 3.50% 10.56% 4.70% 4.70% 10.70%
VBG 0.18% -2.45% -1.70% 3.92% 3.92% 2.62%
VSC -0.01% -0.23% 0.63% 2.16% 2.16% 2.35% 2.70%
VBU 0.10% -3.48% -3.17% 2.15% 2.15% 1.52%
VA 0.22% 0.11% 10.00% 1.85% 1.85% 10.79%
VAB -0.56% -3.71% -2.59% 1.33% 1.33% 2.40% 4.48% 2.90%
VSB -0.09% -0.59% -0.17% 0.76% 0.76% 1.58% 1.99% 1.85%
VDU 2.24% 0.60% 8.48% -1.04% -1.04% 8.10% 6.06%
VIU 2.90% 0.75% 8.92% -2.32% -2.32%
VE 4.86% 1.24% 8.27% -3.78% -3.78% 5.74%
etfinsight Dec-16

Highlights:

  • Dividend stocks overpriced / overbought? and at risk of negative repricing due to higher rates? Maybe some day – but that wasn’t the story for them in 2016. Have a look at their performance overall, as well as since bond yields bottomed
  • Canada all Caps outperforming Canada Large Caps as well as US, on positive contribution from Energy; Golds; and Base Metals
  • Trump “effect” on Bonds – wiping out more than a year’s worth of yield in a matter of a few months. Bond bubble to burst further in 2017?
  • Europe – with problems aplenty, and markets likely pricing more than a few of them in already – better days ahead IF growth picks up, and exports assist (propelled by continued -?- weakness in the EURO)?

Vanguard ETFs – Top and Bottom Performers (December 2016):

 

Vanguard 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
VEH 5.60%
VE 4.86% 1.24% 8.27% -3.78% -3.78% 5.74%
VI 3.99% 6.40% 12.36% 6.55% 6.55%
VRE 3.73% -0.48% -2.61% 14.58% 14.58% 7.31% 8.53%
VEF 3.41% 5.66% 11.94% 6.15% 6.15% 5.44% 4.92% 11.27%
VVL 3.36% 12.08% 24.39%
VDY 3.30% 9.50% 16.03% 26.65% 26.65% 6.49% 7.03%
VIU 2.90% 0.75% 8.92% -2.32% -2.32%
VLQ 2.43% 4.40% 12.57%
VDU 2.24% 0.60% 8.48% -1.04% -1.04% 8.10% 6.06%
VGG 0.99% 4.39% 7.24% 8.05% 8.05% 12.04% 14.56%
VMO 0.51% 0.23% 5.38%
VA 0.22% 0.11% 10.00% 1.85% 1.85% 10.79%
VBG 0.18% -2.45% -1.70% 3.92% 3.92% 2.62%
VAH 0.17%
VBU 0.10% -3.48% -3.17% 2.15% 2.15% 1.52%
VSC -0.01% -0.23% 0.63% 2.16% 2.16% 2.35% 2.70%
VSB -0.09% -0.59% -0.17% 0.76% 0.76% 1.58% 1.99% 1.85%
VAB -0.56% -3.71% -2.59% 1.33% 1.33% 2.40% 4.48% 2.90%
VEE -0.87% -2.32% 7.04% 8.29% 8.29% 3.93% 5.49% 6.45%
Dec-16


Horizons ETFs – Top and Bottom Performers (2016):

 

Horizons 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
HGU 1.97% -36.84% -46.84% 78.15% 78.15% 7.51% -4.73% -33.99%
HVI 7.34% 23.76% 82.68% 72.60% 72.60% 17.67% 7.36%
HEU 0.63% 20.67% 32.73% 71.67% 71.67% -7.06% -18.09% -10.87%
HFU 6.74% 23.19% 38.61% 46.29% 46.29% 14.21% 16.44% 26.14%
HEP 0.77% -19.49% -22.65% 41.16% 41.16% 12.08% 4.29% -10.81%
HXU 2.96% 10.43% 22.29% 40.35% 40.35% 6.38% 10.88% 13.26%
HXE 0.48% 11.00% 17.59% 39.09% 39.09% 2.53% -4.32%
HOG 4.89% 6.13% 21.09% 38.95% 38.95% 2.00%
HEW 1.13% 2.78% 7.57% 29.45% 29.45% 7.04% 7.28% 7.66%
HEE 1.73% 5.03% 12.12% 27.65% 27.65% -7.33% -12.73% -8.42%
HSD -4.02% -7.93% -15.38% -24.24% -24.24% -17.53% -20.65% -28.11%
HXD -3.33% -10.83% -20.88% -35.54% -35.54% -15.74% -18.02% -18.94%
HZD 3.75% 35.45% 22.69% -37.95% -37.95% -19.01% -4.80% 0.12%
HFD -6.76% -20.11% -30.07% -38.98% -38.98% -21.99% -22.20% -27.20%
HND -26.06% -34.46% -35.34% -51.42% -51.42% -14.61% -7.33% -15.71%
HOD -13.31% -20.04% -22.11% -52.85% -52.85% -8.96% 27.39% 11.03%
HED -1.38% -22.80% -34.23% -61.76% -61.76% -29.93% -15.90% -15.33%
HUV -9.65% -25.98% -53.22% -67.55% -67.55% -54.45% -46.44% -58.87%
HGD -7.95% 28.06% 27.94% -76.97% -76.97% -59.50% -50.05% -22.06%
HVU -19.61% -48.88% -81.08% -93.68% -93.68% -88.00% -82.34% -89.48%
etfinsight Dec-16

Highlights:

  • Strength in Golds, Energy, Financials, and Canada – captured and magnified by leverage
  • Inverse Volatility – the gift that seems to never stop giving … will 2017 be any different?
  • Below – Oil and Nat Gas: yes, money can be lost on holding both too long … (due to volatility; leverage resets; and contango related impact). Otherwise though – opportunities to make money with these did materialize in 2016. Were you on the right side of these? If yes, be thankful, if not – not easy to not get “caught” some times when the tide turns…

Horizons ETFs – Top and Bottom Performers (December 2016):

Horizons 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
HNU 20.76% 21.67% 5.40% -7.42% -7.42% -48.01% -52.47% -45.57%
HOU 12.20% 8.81% -6.94% -11.53% -11.53% -55.25% -60.91% -46.49%
HNY 7.83% 6.76% 3.62% 10.70% 10.70% -15.97% -17.87%
HVI 7.34% 23.76% 82.68% 72.60% 72.60% 17.67% 7.36%
HUN 7.12% 3.73% -1.90% 16.92% 16.92% -12.36% -13.19% -9.86%
HUC 6.91% 8.17% 6.49% 23.28% 23.28% -7.30% -15.89% -10.46%
HFU 6.74% 23.19% 38.61% 46.29% 46.29% 14.21% 16.44% 26.14%
HOG 4.89% 6.13% 21.09% 38.95% 38.95% 2.00%
HFP 4.30% 7.53% 13.06% 7.98% 7.98% -3.31% -0.75%
HZD 3.75% 35.45% 22.69% -37.95% -37.95% -19.01% -4.80% 0.12%
HSD -4.02% -7.93% -15.38% -24.24% -24.24% -17.53% -20.65% -28.11%
HBU -4.21% -25.06% -27.25% 8.44% 8.44% -9.69% -9.16% -17.82%
HCN -4.25% -5.27% 6.90%
HFD -6.76% -20.11% -30.07% -38.98% -38.98% -21.99% -22.20% -27.20%
HZU -7.29% -34.46% -33.03% 13.42% 13.42% -12.22% -23.70% -31.18%
HGD -7.95% 28.06% 27.94% -76.97% -76.97% -59.50% -50.05% -22.06%
HUV -9.65% -25.98% -53.22% -67.55% -67.55% -54.45% -46.44% -58.87%
HOD -13.31% -20.04% -22.11% -52.85% -52.85% -8.96% 27.39% 11.03%
HVU -19.61% -48.88% -81.08% -93.68% -93.68% -88.00% -82.34% -89.48%
HND -26.06% -34.46% -35.34% -51.42% -51.42% -14.61% -7.33% -15.71%
etfinsight Dec-16

BMO ETFs – Top and Bottom Performing ETFs (2016):

BMO ETFs 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
ZJG -0.58% -18.65% -21.00% 63.26% 63.26% 16.38% 9.57% -13.75%
ZMT -4.95% 12.56% 30.57% 56.45% 56.45% -7.95% -8.49% -8.46%
ZGD 0.00% -20.65% -23.66% 47.10% 47.10% 15.00% 12.57%
ZJO 1.17% 16.09% 29.11% 42.74% 42.74% 2.64% -9.15% -0.18%
ZJN 0.94% 4.74% 17.22% 38.88% 38.88% -2.37% -8.47% -0.94%
ZEO 1.01% 6.38% 12.71% 38.24% 38.24% 2.16% -2.53% 0.62%
ZIN 0.14% 7.82% 16.61% 31.31% 31.31% 6.23% 3.81%
ZEB 5.51% 12.65% 20.55% 30.72% 30.72% 10.87% 11.83% 14.04%
ZUB 5.90% 32.44% 45.60% 27.87% 27.87% 11.53% 11.21% 20.27%
ZWB 3.20% 9.10% 16.77% 25.21% 25.21% 9.56% 10.26% 11.96%
ZPW 0.46% 2.68% 6.31% 0.66% 0.66%
ZPS -0.03% -0.63% -0.29% 0.62% 0.62% 1.60% 2.10% 1.84%
ZFS -0.12% -0.81% -0.65% -0.05% -0.05% 1.08% 1.51% 1.29%
ZFM -0.60% -3.95% -3.52% -0.32% -0.32% 2.25% 4.29% 2.62%
ZFL -2.16% -9.47% -8.13% -1.16% -1.16% 1.89% 6.73% 2.86%
ZID -0.04% -5.23% -0.78% -1.78% -1.78% 4.17% 14.21% 14.08%
ZEA 2.42% 0.72% 8.74% -1.87% -1.87% 7.63%
ZLI 2.01% -6.12% -2.45% -3.41% -3.41%
ZUH 0.06% -5.40% -1.60% -4.84% -4.84% 0.96% 10.85% 18.79%
ZCH -5.26% -7.03% 8.40% -8.14% -8.14% 4.82% 6.80% 12.34%
etfinsight Dec-16

Highlights:

  • CDN Industrials also amongst ranks of winners here (joining Golds; Base Metals; Junior Oils)
  • Strong performance from the Financials – both in Canada; and in the US – with recent inflows into US Banks noteworthy. Presumably having the potential for more favorable regs in the US will continue to prove a powerful tonic to their prospects. In Canada … they continued to defy skeptics…
  • Duration – want to see how much duration can hurt when rates  move up, respectively curve steepens? look no further than likes of ZFL. Will bond sell-off continue, or will it prove overdone in the not too distant future?
  • Prefs – turned in a much improved performance for the year as a whole. Continued recovery in 2017?

BMO ETFs – Top and Bottom Performing ETFs (December 2016)

BMO ETFs 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
ZBK 5.95% 35.57% 51.33% 24.36% 24.36% 20.70%
ZUB 5.90% 32.44% 45.60% 27.87% 27.87% 11.53% 11.21% 20.27%
ZWE 5.62% 7.60% 15.30% 12.58% 12.58%
ZEB 5.51% 12.65% 20.55% 30.72% 30.72% 10.87% 11.83% 14.04%
ZDH 5.34% 6.83% 13.49% 15.29% 15.29%
ZPR 5.03% 8.72% 14.41% 6.75% 6.75% -7.71% -3.74%
ZEQ 4.70% -0.47% 3.28% 5.76% 5.76% 7.71%
ZRE 4.30% 0.58% -1.87% 17.05% 17.05% 5.36% 6.46% 6.33%
ZDI 4.13% 2.98% 11.48% 5.58% 5.58% 7.21%
ZWU 3.83% 1.18% 2.34% 19.45% 19.45% 0.63% 5.01% 4.06%
ZLC -0.52% -5.16% -2.18% 6.35% 6.35% 3.39% 7.47% 5.42%
ZDB -0.54% -3.51% -2.48% 1.37% 1.37% 2.48%
ZJG -0.58% -18.65% -21.00% 63.26% 63.26% 16.38% 9.57% -13.75%
ZFM -0.60% -3.95% -3.52% -0.32% -0.32% 2.25% 4.29% 2.62%
ZLE -0.99% -5.74% -3.47%
ZPL -1.18% -7.84% -5.67% 2.07% 2.07% 2.92% 7.60%
ZFL -2.16% -9.47% -8.13% -1.16% -1.16% 1.89% 6.73% 2.86%
ZRR -2.40% -4.79% -3.18% 2.54% 2.54% 2.45% 5.90% 1.26%
ZMT -4.95% 12.56% 30.57% 56.45% 56.45% -7.95% -8.49% -8.46%
ZCH -5.26% -7.03% 8.40% -8.14% -8.14% 4.82% 6.80% 12.34%
etfinsight Dec-16

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