Q1 Performance Highlights – All about … Emerging! A rather notable change

Q1 2017 can be characterized as a quarter in which it would have been difficult to lose money – absent having made “bets” on either a return of volatility, or having been caught wrong footed on commodity trades in the energy arena.

EM ETFs enjoyed strong relative performance versus their developed markets peers, and NASDAQ’s handily beat that of the S&P500 in the period.

What will the remainder of 2017 bring?

Performance Highlights – March and Q1, 2017:

  • India; BRIC; EM; and NASDAQ dominate performance table for Q1, 2017. EM’s performance is notable after a lengthy phase of underperformance relative to Developed, perhaps particularly so as the outlook for US rates remains for them to firm further – which EM now appear to be taking in strides. Hopefully this isn’t misguided…
  • Last month was a strong one for “Utilities” – with Bond ETFs also posting gains …
  • Energy was one of the lone negative performers in the quarter …
  • Betting on a return of volatility has continued to prove a painful money loser in Q1
  • Gold (and Silver) have firmed up – perhaps counter-intuitively so – given rates are supposed to climb … A USD giving back much ground of late might hold explanatory power on that front
  • Notwithstanding anticipation of higher yields in the US, US Banks had a tough March – even as the FED delivered on the first of three planned hikes for 2017
  • While Political risk is apparently keeping flows away from the Region’s ETFs, performance in the area was solid.
  • Prefs have enjoyed a very strong Q1 – with as noted separately, continuing strong inflows into the square through CDN listed Pref ETFs
  • Healthcare ETFs had a decent quarter performance-wise – conceivably helped by the US administration’s failure to proceed with its plans …

Top / Bottom Performing ETFs March 2017 – iShares:

iShares 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
XID 7.03% 17.54% 10.11% 17.54% 24.25% 4.54% 15.32% 13.11%
XIT 5.18% 7.51% 6.72% 7.51% 12.30% 8.51% 17.36% 17.99%
XUT 5.14% 7.08% 6.44% 7.08% 14.36% 7.77% 8.49% 6.16%
XST 5.04% 2.92% 1.53% 2.92% 2.59% 9.44% 19.29% 20.49%
XEU 4.68% 6.95% 8.24% 6.95% 12.76% 3.51%
XEM 4.40% 11.87% 7.74% 11.87% 20.43% 3.46% 6.96% 5.90%
XEC 4.24% 11.91% 7.52% 11.91% 20.55% 3.94% 7.53%
XMM 4.16% 8.73% 1.62% 8.73% 9.68% -0.37% 6.26%
CWW 3.70% 8.23% 3.82% 8.23% 14.96% 9.22% 10.58% 16.14%
CIE 3.42% 5.89% 11.80% 5.89% 19.80% 4.32% 6.16% 11.62%
XMS -0.40% 5.51% 5.63% 5.51%
XMH -0.49% 3.71% 11.10% 3.71% 20.05%
SVR.C -0.57% 10.37% -5.55% 10.37% 20.31% 6.35% 2.36%
CGR -0.61% 1.98% -2.00% 1.98% 2.95% 2.94% 12.03% 13.00%
XUH -0.64% 4.90% 9.76% 4.90% 16.55% 7.87%
XFA -0.91% 4.70% 10.91% 4.70% 15.00%
CLU -0.91% 2.93% 10.07% 2.93% 17.46% 7.02% 7.71% 12.49%
CGL -0.99% 6.96% -6.48% 6.96% -0.72% 1.17% -2.00% -6.13%
CJP -1.10% 0.32% 18.42% 0.32% 16.93% -0.03% 8.82% 12.46%
SVR -1.38% 10.59% -7.60% 10.59% 14.60% 2.29% -4.69%
etfinsight Mar-17

Top / Bottom Performing ETFs Q1 2017 – iShares:

iShares 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
XID 7.03% 17.54% 10.11% 17.54% 24.25% 4.54% 15.32% 13.11%
CBQ 0.72% 13.38% 5.69% 13.38% 20.66% 2.12% -0.19% -2.54%
XEC 4.24% 11.91% 7.52% 11.91% 20.55% 3.94% 7.53%
XEM 4.40% 11.87% 7.74% 11.87% 20.43% 3.46% 6.96% 5.90%
XQQ 2.00% 11.78% 11.60% 11.78% 22.12% 12.44% 15.41% 15.44%
XBZ -0.03% 11.72% 13.88% 11.72% 49.15% 14.47% 2.45% -2.76%
SVR -1.38% 10.59% -7.60% 10.59% 14.60% 2.29% -4.69%
SVR.C -0.57% 10.37% -5.55% 10.37% 20.31% 6.35% 2.36%
XCH 1.47% 10.32% 4.53% 10.32% 20.19% -2.32% 11.64% 9.46%
XMM 4.16% 8.73% 1.62% 8.73% 9.68% -0.37% 6.26%
CLG 0.13% 0.74% -1.29% 0.74% 0.33% 0.92% 2.79% 2.61%
CRQ 0.88% 0.71% 8.90% 0.71% 23.02% 7.51% 5.39% 7.96%
XSQ 0.13% 0.62% 0.03% 0.62% 1.01% 1.03%
XSB 0.12% 0.60% 0.04% 0.60% 1.02% 0.93% 1.83% 1.95%
CLF 0.08% 0.42% -0.52% 0.42% 0.14% 0.61% 1.68% 1.87%
XFR 0.22% 0.34% 0.56% 0.34% 1.27% 0.75% 0.90% 1.12%
CJP -1.10% 0.32% 18.42% 0.32% 16.93% -0.03% 8.82% 12.46%
CMR 0.04% 0.11% 0.22% 0.11% 0.44% 0.42% 0.53% 0.65%
XRB -0.21% -1.29% -5.92% -1.29% -0.93% -1.84% 3.21% 0.92%
XEG 1.76% -9.22% 0.70% -9.22% 17.44% -1.99% -10.23% -3.07%
Mar-17

Top / Bottom Performing ETFs March 2017 – Vanguard:

Vanguard 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
VE 4.66% 6.88% 8.20% 6.88% 12.64% 2.70%
VEH 3.50% 6.01% 6.01%
VIU 3.46% 7.09% 7.88% 7.09% 15.37%
VEE 2.94% 10.09% 7.54% 10.09% 20.00% 3.28% 7.92% 6.23%
VDU 2.81% 6.52% 7.16% 6.52% 14.60% 4.02% 6.95%
VEF 2.48% 5.08% 11.03% 5.08% 17.97% 2.52% 7.04% 10.20%
VI 2.40% 4.86% 11.57% 4.86% 17.07%
VA 1.79% 7.39% 7.51% 7.39% 19.47% 6.07%
VMO 1.62% 4.96% 5.20% 4.96%
VLQ 1.56% 4.26% 8.85% 4.26%
VSB 0.10% 0.63% 0.04% 0.63% 1.07% 0.98% 1.87% 1.98%
VUN 0.10% 4.56% 11.40% 4.56% 20.39% 10.70% 16.17%
VRE 0.03% 4.75% 4.24% 4.75% 10.64% 5.33% 8.17%
VBU 0.01% 0.83% -2.68% 0.83% -0.17% 0.85%
VGG -0.04% 4.94% 9.55% 4.94% 15.18% 10.16% 14.76%
VUS -0.05% 5.49% 9.72% 5.49% 17.41% 7.63% 9.01% 12.65%
VBG -0.08% -0.19% -2.64% -0.19% 0.42% 1.31%
VGH -0.18% 5.88% 7.91% 5.88% 12.32% 7.19% 7.74%
VFV -0.24% 4.33% 10.90% 4.33% 18.98% 11.26% 16.76%
VSP -0.39% 5.26% 9.22% 5.26% 16.03% 8.16% 9.56%
Mar-17

Top / Bottom Performing ETFs Q1 2017 – Vanguard:

Vanguard 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
VEE 2.94% 10.09% 7.54% 10.09% 20.00% 3.28% 7.92% 6.23%
VA 1.79% 7.39% 7.51% 7.39% 19.47% 6.07%
VIU 3.46% 7.09% 7.88% 7.09% 15.37%
VE 4.66% 6.88% 8.20% 6.88% 12.64% 2.70%
VDU 2.81% 6.52% 7.16% 6.52% 14.60% 4.02% 6.95%
VEH 3.50% 6.01% #DIV/0! 6.01%
VGH -0.18% 5.88% 7.91% 5.88% 12.32% 7.19% 7.74%
VXC 1.16% 5.73% 9.44% 5.73% 17.71% 7.52%
VUS -0.05% 5.49% 9.72% 5.49% 17.41% 7.63% 9.01% 12.65%
VSP -0.39% 5.26% 9.22% 5.26% 16.03% 8.16% 9.56%
VAH 1.33% 4.10% #DIV/0! 4.10%
VVL 0.94% 3.70% 16.23% 3.70%
VCN 1.26% 2.27% 7.20% 2.27% 18.88% 5.07% 5.47%
VCE 1.09% 2.11% 8.14% 2.11% 18.02% 4.81% 6.11% 7.93%
VDY 0.23% 2.03% 11.73% 2.03% 22.54% 8.83% 6.40%
VAB 0.35% 1.12% -2.63% 1.12% 1.13% 0.83% 3.94% 3.24%
VSC 0.17% 1.11% 0.88% 1.11% 2.73% 1.91% 2.61%
VBU 0.01% 0.83% -2.68% 0.83% -0.17% 0.85%
VSB 0.10% 0.63% 0.04% 0.63% 1.07% 0.98% 1.87% 1.98%
VBG -0.08% -0.19% -2.64% -0.19% 0.42% 1.31%
etfinsight Mar-17

Top / Bottom Performing ETFs March 2017 – Horizons:

Horizons 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
HVI 14.95% 54.07% 90.68% 54.07% 169.59% 38.95% 27.64%
HOD 14.04% 15.89% -7.33% 15.89% -42.97% -8.72% 38.78% 16.64%
HNY 9.39% -11.25% -5.25% -11.25% 11.42% -17.68% -22.65% -11.15%
HUN 6.86% -6.12% -2.61% -6.12% 10.29% -10.51% -16.68% -8.17%
HAJ 4.66% 9.38% 4.01% 9.38% 11.23% 3.74% 6.94%
HOG 4.59% 1.83% 8.07% 1.83% 31.88% 4.65%
HQU 3.71% 24.35% 23.14% 24.35% 43.44% 20.85% 27.87% 28.13%
HEU 2.80% -19.06% -2.33% -19.06% 27.07% -14.05% -27.92% -13.86%
HCN 2.53% 14.07% 8.05% 14.07% 22.64%
HXU 2.19% 3.93% 14.77% 3.93% 36.57% 6.54% 8.74% 12.38%
HXD -2.69% -5.25% -15.51% -5.25% -31.69% -15.53% -16.45% -18.25%
HZU -3.00% 27.22% -16.62% 27.22% 19.02% -5.12% -17.76% -31.40%
HQD -4.14% -20.81% -21.88% -20.81% -36.75% -28.55% -31.76% -31.23%
HGD -4.34% -21.54% 0.48% -21.54% -56.51% -58.59% -47.67% -27.01%
HED -5.10% 16.69% -9.91% 16.69% -40.91% -21.48% -5.57% -12.76%
HUC -5.92% -9.06% -1.62% -9.06% 15.47% -7.62% -19.23% -13.32%
HUV -13.97% -37.91% -54.04% -37.91% -77.34% -60.34% -54.18% -56.47%
HOU -14.99% -19.94% -12.88% -19.94% -0.73% -49.83% -64.51% -49.21%
HND -22.14% 28.81% -15.58% 28.81% -57.87% -4.18% 21.26% -23.22%
HVU -26.93% -62.90% -81.04% -62.90% -96.64% -90.62% -86.85% -88.04%
etfinsight Mar-17

Top / Bottom Performing ETFs Q1 2017 – Horizons:

Horizons 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
HVI 14.95% 54.07% 90.68% 54.07% 169.59% 38.95% 27.64%
HND -22.14% 28.81% -15.58% 28.81% -57.87% -4.18% 21.26% -23.22%
HZU -3.00% 27.22% -16.62% 27.22% 19.02% -5.12% -17.76% -31.40%
HQU 3.71% 24.35% 23.14% 24.35% 43.44% 20.85% 27.87% 28.13%
HED -5.10% 16.69% -9.91% 16.69% -40.91% -21.48% -5.57% -12.76%
HOD 14.04% 15.89% -7.33% 15.89% -42.97% -8.72% 38.78% 16.64%
HBU -1.31% 15.62% -13.36% 15.62% -5.80% -2.02% -8.38% -17.22%
HCN 2.53% 14.07% 8.05% 14.07% 22.64%
HGU -0.77% 13.47% -28.33% 13.47% 8.81% 9.41% -8.86% -30.18%
HUZ -1.28% 13.39% -6.68% 13.39% 13.44% 1.21% -5.70% -13.31%
HEE -1.34% -11.70% -7.26% -11.70% 9.35% -11.60% -17.99% -10.59%
HBD 0.44% -15.60% 8.54% -15.60% -6.99% -11.58% -4.97% 3.13%
HEU 2.80% -19.06% -2.33% -19.06% 27.07% -14.05% -27.92% -13.86%
HOU -14.99% -19.94% -12.88% -19.94% -0.73% -49.83% -64.51% -49.21%
HQD -4.14% -20.81% -21.88% -20.81% -36.75% -28.55% -31.76% -31.23%
HGD -4.34% -21.54% 0.48% -21.54% -56.51% -58.59% -47.67% -27.01%
HZD 1.21% -24.55% 2.20% -24.55% -38.05% -22.72% -11.02% 2.39%
HNU 23.50% -37.86% -24.39% -37.86% 4.38% -52.44% -61.90% -39.32%
HUV -13.97% -37.91% -54.04% -37.91% -77.34% -60.34% -54.18% -56.47%
HVU -26.93% -62.90% -81.04% -62.90% -96.64% -90.62% -86.85% -88.04%
etfinsight Mar-17

Top / Bottom Performing ETFs March 2017 – First Asset:

First Asset 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
FHB 8.11% 8.15% 27.92% 8.15% 17.19% -10.08%
RWE.B 4.12% 6.12% 0.96% 6.12% 3.01% 3.71% 7.10%
FXM 3.68% 4.11% 13.76% 4.11% 17.03% 2.05% 1.80% 9.26%
VXM.B 3.19% 8.23% 15.67% 8.23% 24.92% 8.51%
RWE 3.07% 5.62% 4.20% 5.62% 9.27% 4.42% 8.29%
FAI 3.04% 5.63% 5.14% 5.63% 14.65% 5.62%
ZXM.B 2.96% 8.17% 1.99% 8.17% 7.57% 7.13%
WXM 2.94% 3.96% 4.20% 3.96% 12.80% -0.21% 4.71% 10.37%
VXM 2.37% 6.37% 21.02% 6.37% 24.84% 5.24%
FQC 2.22% 1.74% 5.19% 1.74%
FUM -0.62% 4.08% 4.08%
OXF -0.64% -11.81% -3.70% -11.81% 10.97% -11.14% -19.49% -9.70%
CES.B -0.73% 1.52% 8.61% 1.52% 11.98% 6.91%
CES -0.84% 2.42% 7.02% 2.42% 9.11% 3.87%
CES.U -0.86% -23.66% 7.07% -23.66% 9.27% 4.26%
FCY.B -1.39% 4.99% 12.96% 4.99%
FCY -1.52% 5.83% 11.55% 5.83%
FBE -2.06% 0.63% 5.46% 0.63%
XXM.B -2.80% -1.39% 13.91% -1.39% 15.91% 5.98% 12.88%
XXM -2.90% -0.41% 12.39% -0.41% 12.93% 1.92% 5.07%
etfinsight Mar-17

Top / Bottom Performing ETFs Q1 2017 – First Asset:

First Asset 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
TXF 1.96% 10.96% 12.66% 10.96% 31.43% 14.99% 13.46% 13.77%
VXM.B 3.19% 8.23% 15.67% 8.23% 24.92% 8.51%
ZXM.B 2.96% 8.17% 1.99% 8.17% 7.57% 7.13%
FHB 8.11% 8.15% 27.92% 8.15% 17.19% -10.08%
FSF 1.56% 6.83% 33.23% 6.83%
VXM 2.37% 6.37% 21.02% 6.37% 24.84% 5.24%
ZXM 2.16% 6.16% 5.72% 6.16% 9.00% 5.27%
RWE.B 4.12% 6.12% 0.96% 6.12% 3.01% 3.71% 7.10%
RIT 0.56% 5.90% 6.61% 5.90% 15.82%
FCY -1.52% 5.83% 11.55% 5.83%
BXF 0.12% 0.51% -0.37% 0.51% 0.41% 0.68% 1.97%
FGB 0.06% 0.36% -0.41% 0.36% -4.78%
XXM -2.90% -0.41% 12.39% -0.41% 12.93% 1.92% 5.07%
FCE 1.41% -0.54% 0.40% -0.54%
XXM.B -2.80% -1.39% 13.91% -1.39% 15.91% 5.98% 12.88%
NXF 0.05% -2.31% 2.81% -2.31% 19.38% -0.26%
NXF.B 0.19% -3.17% 4.30% -3.17% 22.92% 3.51%
OXF -0.64% -11.81% -3.70% -11.81% 10.97% -11.14% -19.49% -9.70%
FAO.U 0.05% -23.65% 4.43% -23.65% 13.42% 4.73%
CES.U -0.86% -23.66% 7.07% -23.66% 9.27% 4.26%
Mar-17

Top / Bottom Performing ETFs March 2017 – BMO ETFs:

BMO ETFs 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
ZWE 8.58% 0.77% 8.43% 0.77% 19.04%
ZDH 8.54% 4.34% 11.47% 4.34% 20.05%
ZID 5.98% 16.44% 10.34% 16.44% 22.02% 5.55% 15.26% 14.31%
ZUT 5.89% 9.05% 11.01% 9.05% 22.68% 12.19% 9.65% 7.23%
ZDI 4.66% 7.06% 10.25% 7.06% 16.83% 5.01%
ZLE 3.97% 9.52% 3.24% 9.52% 8.56%
ZEQ 3.24% 8.33% 7.82% 8.33% 16.78% 6.60% 10.19%
ZEM 3.22% 11.37% 7.90% 11.37% 19.87% 3.30% 6.88% 5.75%
ZEA 3.09% 6.55% 7.32% 6.55% 14.79% 3.60% 6.77%
ZCH 2.60% 13.21% 5.25% 13.21% 15.56% 4.71% 11.22% 12.66%
ZUD -0.51% 2.56% 6.55% 2.56% 16.17% 12.37% 11.74%
ZEB -0.54% 4.32% 17.52% 4.32% 29.01% 16.03% 12.33% 12.93%
ZLU.U -0.62% 4.15% 2.83% 4.15% 5.24% 8.35% 12.37%
ZLH -0.65% 4.15% 2.62% 4.15% 4.76%
ZDJ -0.66% 5.00% 13.75% 5.00% 18.84% 9.44% 9.67% 11.40%
ZLI -1.18% -2.41% -8.38% -2.41% -3.61%
ZMT -2.39% 8.34% 21.94% 8.34% 58.15% -2.65% -6.95% -7.75%
ZJO -3.51% -13.61% 0.29% -13.61% 24.10% -6.20% -15.67% -4.41%
ZBK -4.93% -0.72% 34.59% -0.72% 54.11% 16.97% 15.88%
ZUB -5.08% 0.17% 32.67% 0.17% 50.24% 13.99% 8.67% 14.73%
etfinsight Mar-17

Top / Bottom Performing ETFs Q1 2017 – BMO ETFs:

BMO ETFs 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
ZID 5.98% 16.44% 10.34% 16.44% 22.02% 5.55% 15.26% 14.31%
ZCH 2.60% 13.21% 5.25% 13.21% 15.56% 4.71% 11.22% 12.66%
ZQQ 1.99% 11.80% 11.58% 11.80% 22.08% 12.55% 15.53% 15.52%
ZEM 3.22% 11.37% 7.90% 11.37% 19.87% 3.30% 6.88% 5.75%
ZUH -0.04% 9.86% 3.93% 9.86% 12.26% 1.82% 11.27% 17.97%
ZLE 3.97% 9.52% 3.24% 9.52% 8.56%
ZJG 1.43% 9.20% -11.16% 9.20% 32.86% 22.78% 5.85% -12.31%
ZUT 5.89% 9.05% 11.01% 9.05% 22.68% 12.19% 9.65% 7.23%
ZGD 1.22% 8.51% -13.89% 8.51% 16.08% 18.34% 7.60%
ZMT -2.39% 8.34% 21.94% 8.34% 58.15% -2.65% -6.95% -7.75%
ZIC 0.09% 0.51% -0.66% 0.51% 4.90% 4.81% 10.28%
ZST 0.14% 0.48% 0.93% 0.48% 1.92% 1.60% 1.32% 1.40%
ZFS 0.06% 0.34% -0.47% 0.34% 0.05% 0.42% 1.38% 1.44%
ZUB -5.08% 0.17% 32.67% 0.17% 50.24% 13.99% 8.67% 14.73%
ZBK -4.93% -0.72% 34.59% -0.72% 54.11% 16.97% 15.88%
ZRR -0.23% -1.35% -6.07% -1.35% -0.96% -1.84% 3.30% 1.23%
ZLI -1.18% -2.41% -8.38% -2.41% -3.61%
ZEO -0.12% -7.58% -1.69% -7.58% 14.06% -0.81% -7.31% -0.83%
ZJN 1.69% -8.45% -4.11% -8.45% 28.70% -10.18% -14.74% -1.60%
ZJO -3.51% -13.61% 0.29% -13.61% 24.10% -6.20% -15.67% -4.41%
etfinsight Mar-17

 

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