Performance Highlights to Apr 30, 2017 – What do the numbers say?

April saw momentum gain the upper hand over value – Presumably in the context of the results of the first round of the French Presidential Election – seen as favorable enough to warrant a return to “risk on” as far market posturing. With Macron well ahead in the polls, heading into the final round – European equities should continue to do well, if only on a relative basis given their more attractive starting point valuations.

Interestingly – While Momentum bested Value on the International front last month, Value is still massively ahead year-over-year to the end of April (+28.9% vs 18.9% for Momentum). Perhaps just as surprisingly, both in the US and in Canada, Momentum is actually ahead of Value on a trailing twelve months basis – both to the tune of around 400 bps. (ETFs: FXM; WXM for Canada; XXM.B and YXM.B for US; and VXM.B and ZXM.B for International).

In as far as Global Factors – Making reference to the Global ETFs launched by Vanguard in 2016, the trailing 6 months period (Oct – April) shows Value and Liquidity well ahead of both Minimum Volatility and Momentum. The possible takeaway? Defense as far as Value and Liquidity … and perhaps, in terms of lagging Min Vol, the “theme” having earlier translated into “overbought” conditions for the securities meeting the criteria – we’ll see…

A few highlights:

  • The fastest growing ETF off the mark – HHMJ, mostly saw its performance round trip after coming out the gates strongly. The pause that refreshes?
  • EM continue on strong – a weaker US, with possibly less rate hikes (?) is the magic here?
  • Nasdaq – continues to lead US equities. All the better if you picked that exposure “sans” currency hedge, which you could have done via Horizons’ HXQ launched last year. up 40% + over that time frame = not too shabby…
  • Volatility continues to demolish value for those risking making bets on it …
  • Energy ETFs continue their retreat as Crude prices fail to maintain the gains achieved on the back of the production cuts … So long CITI’s 60$ call on crude (?) or just a matter of time?
  • US Banks – after rip roaring performance post Trump election, nothing in 2017, other than essentially flat. More oomph to come? After all, earnings have begun to move nicely – have they not?
  • Europe – Post first round rally in equities there, but most of the pop was a combo of strong EUR, weak CAD … Possibly more to come?

 

Top and Bottom Performing ETFs for Vanguard (YTD):

Vanguard 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
VEE 4.24% 11.97% 9.30% 14.75% 28.19% 4.28% 9.42% 7.80%
VE 6.58% 14.67% 17.23% 13.91% 21.08% 6.41%
VIU 5.33% 12.52% 14.01% 12.80% 22.11%
VDU 4.91% 11.56% 13.04% 12.08% 21.97% 7.29% 8.54%
VA 3.53% 9.50% 9.53% 11.19% 23.79% 8.72%
VXC 4.34% 11.03% 14.23% 10.70% 26.33% 11.32%
VMO 4.56% 9.44% 12.69% 9.74%
VGG 4.40% 11.11% 14.09% 9.56% 24.90% 15.45% 16.37%
VLQ 5.07% 10.76% 15.88% 9.54%
VFV 3.71% 10.15% 15.04% 8.66% 27.82% 15.76% 18.41%
VRE 1.25% 6.22% 9.22% 6.06% 9.62% 5.46% 8.01%
VAH 1.43% 4.22% 11.11% 5.58%
VCN 0.33% 1.78% 6.87% 2.61% 14.72% 3.87% 4.74%
VAB 1.42% 2.78% -0.25% 2.55% 2.65% 2.28% 4.25% 3.49%
VCE 0.38% 1.89% 7.29% 2.50% 15.38% 3.78% 5.45% 8.14%
VBU 0.90% 1.29% -0.84% 1.74% 0.46% 1.47%
VSC 0.55% 1.22% 1.29% 1.67% 3.12% 2.38% 2.70%
VDY -0.61% 0.13% 9.01% 1.41% 18.19% 6.46% 5.31%
VSB 0.40% 0.82% 0.42% 1.04% 1.59% 1.41% 1.93% 2.08%
VBG 0.42% 1.15% -1.03% 0.23% 1.13% 2.02%
etfinsight Apr-17

Top and Bottom Performing ETFs for iShares (YTD):

iShares 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
XID 4.76% 18.54% 13.66% 23.14% 33.73% 13.15% 17.54% 15.42%
XEC 4.46% 12.85% 11.30% 16.91% 29.12% 4.89% 8.97%
XEM 4.26% 12.49% 11.08% 16.63% 29.13% 4.50% 8.37% 7.41%
XQQ 2.75% 9.34% 16.48% 14.85% 29.42% 12.94% 16.57% 16.31%
CBQ 1.12% 4.58% 4.80% 14.65% 18.06% -1.88% -0.30% -1.59%
CWW 5.85% 13.63% 13.30% 14.56% 20.91% 12.80% 13.06% 17.54%
XEU 6.59% 14.73% 17.26% 14.00% 21.25% 6.88% 6.94%
XBZ 1.72% 5.72% 1.48% 13.65% 39.63% 9.90% 1.74% -0.78%
XCH 2.62% 10.16% 8.48% 13.22% 28.29% -5.84% 13.73% 9.52%
XMM 3.98% 12.14% 6.04% 13.06% 17.58% 1.18% 7.22%
XSQ 0.40% 0.85% 0.43% 1.03% 1.58% 1.46%
XSB 0.38% 0.82% 0.42% 0.99% 1.55% 1.36% 1.88% 2.06%
XDV -1.47% -0.82% 9.42% 0.81% 15.28% 4.05% 3.53% 7.15%
CLF 0.34% 0.69% -0.09% 0.76% 0.75% 1.02% 1.71% 1.94%
XRB 2.05% 2.60% -3.68% 0.73% 0.71% -0.14% 3.61% 1.43%
CRQ -0.11% -0.90% 6.76% 0.60% 16.00% 5.40% 4.57% 7.90%
XFR 0.05% 0.41% 0.52% 0.39% 1.14% 0.80% 0.87% 1.10%
CMR 0.04% 0.11% 0.22% 0.15% 0.44% 0.42% 0.53% 0.64%
XCS -2.08% -1.19% 5.20% -0.71% 12.62% 6.67% 1.04% 3.46%
XEG -1.83% -2.59% -3.13% -10.88% 6.33% -6.97% -12.70% -3.45%
Apr-17

Top and Bottom Performing ETFs for Horizons (YTD):

Horizons 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
HVI 2.59% 22.35% 99.60% 58.06% 174.55% 31.43% 27.28% 39.82%
HQU 5.24% 18.55% 33.89% 30.86% 61.44% 21.87% 30.61% 30.17%
HND -3.41% -5.44% -19.38% 24.42% -50.80% -1.52% 28.38% -22.51%
HOD 5.73% 16.74% -7.82% 22.53% -14.49% 17.26% 40.73% 18.77%
HED 3.03% 1.69% -2.47% 20.22% -26.60% -12.65% -0.23% -11.96%
HBU 2.46% 8.03% -4.57% 18.47% -11.08% -0.42% -8.10% -16.58%
HCN 3.10% 12.30% 11.45% 17.60% 29.50%
HXQ 5.42% 14.62% 18.69% 16.85% 40.84%
HSU 1.73% 9.46% 25.79% 13.28% 32.74% 12.92% 16.24% 23.63%
HAJ 3.03% 12.60% 2.12% 12.70% 17.70% 4.61% 7.29%
HSD -2.11% -9.92% -22.98% -13.36% -30.38% -21.01% -22.57% -26.73%
HZD 12.17% 2.87% -0.25% -15.37% -6.67% -19.68% -9.16% 3.36%
HBD -3.07% -9.45% -1.12% -18.18% -0.90% -12.61% -5.19% 2.45%
HGD -0.47% -1.48% -5.90% -21.91% -28.09% -55.30% -46.96% -28.97%
HEU -3.99% -6.67% -9.59% -22.29% 4.72% -22.53% -31.85% -14.48%
HQD -5.43% -16.90% -28.13% -25.11% -43.55% -29.03% -32.92% -32.19%
HOU -7.07% -19.56% -11.71% -25.60% -29.53% -59.72% -65.06% -50.14%
HNU -0.05% -8.20% -19.87% -37.89% -5.62% -53.14% -64.09% -39.61%
HUV -5.40% -22.98% -56.46% -41.26% -77.37% -58.21% -54.27% -56.88%
HVU -12.94% -43.68% -83.27% -67.70% -96.63% -89.64% -86.97% -88.22%
etfinsight Apr-17

Top and Bottom Performing ETFs for First Asset (YTD):

First Asset 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
FHB 8.95% 15.17% 26.78% 17.84% 23.75% -6.22%
ZXM.B 6.73% 13.88% 11.18% 15.45% 18.96% 10.81%
RWE.B 6.55% 15.14% 11.52% 13.08% 12.08% 7.13% 8.45%
TXF 1.41% 8.25% 14.83% 12.52% 35.93% 15.41% 14.74% 14.30%
VXM.B 3.95% 11.12% 15.05% 12.50% 28.93% 9.79%
ZXM 3.69% 8.76% 10.53% 10.08% 16.05% 6.03%
FCY.B 4.33% 8.67% 16.96% 9.54%
RWW.B 3.25% 10.02% 11.30% 8.95% 19.48% 13.63% 15.43%
FSF 1.54% 8.28% 26.72% 8.47% 39.40%
RWU.B 3.57% 10.67% 13.19% 8.44% 23.91% 18.46% 19.83%
BXF 0.37% 0.80% 0.09% 0.88% 1.01% 1.16% 2.02%
FGB 0.30% 0.59% -0.05% 0.66% 0.83%
CIC -2.91% -2.08% 8.83% 0.57% 17.73%
XXM.B 1.89% 2.11% 16.66% 0.47% 19.55% 10.59% 13.59%
XXM -0.86% -2.72% 14.52% -1.26% 9.74% 2.18% 4.43%
NXF.B -0.15% -0.53% 2.07% -3.32% 14.49% -0.53%
NXF -2.75% -5.20% 0.18% -5.00% 4.95% -7.55%
OXF -4.99% -8.56% -7.18% -16.21% -3.41% -17.01% -22.11% -10.35%
FAO.U 0.97% -21.20% 4.62% -22.91% 11.30% 4.81%
CES.U 0.33% -21.53% 10.65% -23.41% 9.65% 5.22%
Apr-17

Top and Bottom Performing ETFs for BMO ETFs (YTD):

BMO ETFs 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
ZID 5.27% 21.21% 14.30% 22.57% 31.06% 13.35% 17.59% 16.01%
ZCH 5.22% 13.56% 11.16% 19.11% 24.82% 3.36% 14.25% 13.74%
ZEM 4.73% 13.22% 10.91% 16.64% 29.48% 4.76% 8.65% 7.44%
ZQQ 2.74% 9.34% 16.46% 14.87% 29.36% 13.05% 16.69% 16.39%
ZUH 3.38% 9.28% 16.21% 13.58% 12.94% 4.13% 13.06% 18.99%
ZGQ 4.73% 13.53% 14.17% 12.90% 25.97% 13.99%
ZLE 2.99% 12.86% 6.06% 12.80% 11.81%
ZDI 5.19% 14.77% 15.95% 12.62% 22.61% 7.78%
ZEA 5.28% 12.10% 13.10% 12.18% 22.54% 6.82% 8.39%
ZUQ 4.43% 12.46% 15.26% 10.87% 27.70% 17.06%
ZBK 1.73% 3.52% 26.87% 1.00% 48.97% 19.96% 18.97%
ZPS 0.38% 0.85% 0.30% 0.90% 1.43% 1.36% 1.97% 2.11%
ZRR 2.09% 2.63% -3.76% 0.72% 0.68% -0.09% 3.69% 1.75%
ZFS 0.31% 0.57% -0.07% 0.65% 0.71% 0.82% 1.42% 1.53%
ZST 0.14% 0.42% 0.93% 0.62% 1.90% 1.66% 1.32% 1.46%
ZWB -2.92% -1.97% 7.43% 0.61% 16.41% 9.45% 8.53% 10.75%
ZUB -0.99% -1.42% 24.31% -0.82% 36.89% 12.57% 10.21% 15.02%
ZEO -1.00% -3.26% -2.30% -8.51% 5.39% -5.10% -9.33% -0.95%
ZJN -4.58% -6.09% -0.48% -12.64% 5.93% -15.83% -17.59% -2.25%
ZJO -7.23% -14.31% -1.61% -19.86% 2.96% -13.65% -19.15% -5.25%
etfinsight Apr-17

Top and Bottom Performing ETFs for Vanguard (April 2017):

Vanguard 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
VE 6.58% 14.67% 17.23% 13.91% 21.08% 6.41%
VIU 5.33% 12.52% 14.01% 12.80% 22.11%
VLQ 5.07% 10.76% 15.88% 9.54%
VDU 4.91% 11.56% 13.04% 12.08% 21.97% 7.29% 8.54%
VMO 4.56% 9.44% 12.69% 9.74%
VGG 4.40% 11.11% 14.09% 9.56% 24.90% 15.45% 16.37%
VXC 4.34% 11.03% 14.23% 10.70% 26.33% 11.32%
VEE 4.24% 11.97% 9.30% 14.75% 28.19% 4.28% 9.42% 7.80%
VUN 3.73% 9.88% 15.57% 8.46% 28.42% 15.17% 17.91%
VFV 3.71% 10.15% 15.04% 8.66% 27.82% 15.76% 18.41%
VUS 1.04% 4.75% 13.41% 6.59% 17.89% 7.83% 9.35% 13.02%
VSP 1.02% 5.01% 12.90% 6.79% 17.33% 8.40% 9.82%
VBU 0.90% 1.29% -0.84% 1.74% 0.46% 1.47%
VSC 0.55% 1.22% 1.29% 1.67% 3.12% 2.38% 2.70%
VBG 0.42% 1.15% -1.03% 0.23% 1.13% 2.02%
VSB 0.40% 0.82% 0.42% 1.04% 1.59% 1.41% 1.93% 2.08%
VCE 0.38% 1.89% 7.29% 2.50% 15.38% 3.78% 5.45% 8.14%
VCN 0.33% 1.78% 6.87% 2.61% 14.72% 3.87% 4.74%
VSG 0.18%
VDY -0.61% 0.13% 9.01% 1.41% 18.19% 6.46% 5.31%
Apr-17

Top and Bottom Performing ETFs for iShares (April 2017):

iShares 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
XEU 6.59% 14.73% 17.26% 14.00% 21.25% 6.88% 6.94%
XFI 6.10% 13.28% 14.05% 13.01% 20.83%
CWW 5.85% 13.63% 13.30% 14.56% 20.91% 12.80% 13.06% 17.54%
DXG 5.53% 12.57%
XEF 5.42% 12.35% 13.85% 12.49% 21.72% 7.53% 8.87%
XST 5.34% 9.95% 5.63% 8.42% 14.53% 13.89% 20.31% 20.90%
DXU 5.23% 12.59%
XID 4.76% 18.54% 13.66% 23.14% 33.73% 13.15% 17.54% 15.42%
XMI 4.46% 11.61% 8.75% 11.94% 12.55% 8.30% 12.06%
XEC 4.46% 12.85% 11.30% 16.91% 29.12% 4.89% 8.97%
XHD -0.78% 2.59% 6.20% 1.83% 8.11% 6.39% 6.82%
XBM -1.18% -9.12% 13.32% 6.12% 30.15% -1.79% -3.21% -1.15%
SVR.C -1.21% 5.43% -0.30% 9.03% 5.82% 8.38% 3.36%
XFN -1.46% -0.43% 10.57% 1.83% 18.20% 9.31% 9.20% 12.35%
XDV -1.47% -0.82% 9.42% 0.81% 15.28% 4.05% 3.53% 7.15%
XEG -1.83% -2.59% -3.13% -10.88% 6.33% -6.97% -12.70% -3.45%
CEW -1.83% -0.91% 12.48% 1.53% 21.45% 11.50% 10.54% 14.03%
XCS -2.08% -1.19% 5.20% -0.71% 12.62% 6.67% 1.04% 3.46%
FIE -2.45% -0.79% 10.38% 1.60% 16.16% 7.96% 7.10% 9.34%
SVR -3.82% 0.20% -3.04% 6.36% -4.69% 0.63% -4.82%
etfinsight Apr-17

Top and Bottom Performing ETFs for Horizons (April 2017)

Horizons 1-Month 3-Month 6-Month YTD 1-Year 2-Year 3-Year 5-Year
HZD 12.17% 2.87% -0.25% -15.37% -6.67% -19.68% -9.16% 3.36%
HOD 5.73% 16.74% -7.82% 22.53% -14.49% 17.26% 40.73% 18.77%
HXQ 5.42% 14.62% 18.69% 16.85% 40.84%
HQU 5.24% 18.55% 33.89% 30.86% 61.44% 21.87% 30.61% 30.17%
HGM 4.00% 8.85% 6.61% 8.85% 15.09%
HTB 3.75% 6.87% -0.51% 3.70% 7.15% 7.57%
HXS 3.67% 10.21% 15.08% 8.80% 27.84% 15.66% 18.33% 20.16%
HAU 3.28% 10.45% 14.37% 8.27% 18.72% 17.08%
HCN 3.10% 12.30% 11.45% 17.60% 29.50%
HAJ 3.03% 12.60% 2.12% 12.70% 17.70% 4.61% 7.29%
HFU -3.18% -1.65% 20.48% 2.66% 35.63% 14.94% 14.84% 21.98%
HND -3.41% -5.44% -19.38% 24.42% -50.80% -1.52% 28.38% -22.51%
HEU -3.99% -6.67% -9.59% -22.29% 4.72% -22.53% -31.85% -14.48%
HMF -4.25% -6.98% -8.46% -12.25% -9.50% -6.18% 1.03% -1.95%
HUV -5.40% -22.98% -56.46% -41.26% -77.37% -58.21% -54.27% -56.88%
HQD -5.43% -16.90% -28.13% -25.11% -43.55% -29.03% -32.92% -32.19%
HUZ -5.93% -2.67% -5.09% 6.67% -6.94% -0.26% -6.63% -13.50%
HOU -7.07% -19.56% -11.71% -25.60% -29.53% -59.72% -65.06% -50.14%
HZU -11.75% -6.15% -13.48% 12.27% -19.60% -7.61% -19.34% -31.58%
HVU -12.94% -43.68% -83.27% -67.70% -96.63% -89.64% -86.97% -88.22%
etfinsight Apr-17

 

 

 

 

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