Continue to site >
Trending ETFs

Mutual Funds and ETFs Scorecard: October 26 Edition

Growing oil price coin chart on white background
Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual funds and ETFs to highlight the trending sectors, geographic regions, and asset classes. MutualFunds.com uses a system to automatically scan through thousands of relevant securities and, to ensure quality and adequate track record, places a minimum threshold on net assets ($1 billion for mutual funds and $500 million for ETFs). The best and worst performers are further discussed in the report along with key economic highlights from the past fortnight, reminding you to adjust your portfolios, if required.

Performance Scorecard

Markets have posted divergent performances over the past two weeks, with small-caps, emerging markets, and commodities recording strong gains. Funds focused on volatility strategies and on shorting equities have been clobbered.
MF & ETF Scorecard Graph - Category Performance - Nov 9

US Broad mostly includes funds focused on US equities and can cover different investing styles (growth/value) and market capitalizations (small/mid/large). Fixed Income includes funds focused on debt securities and can cover different geographies (US/foreign) and security types (corporate/municipal/high-yield/investment-grade/government/structured). Alternatives cover funds focused on non-traditional investment strategies (currency, hedge fund strategy, derivatives), leveraged/structured products, real estate, and commodities. Dividend funds focus on generating income via equities and not through debt.

 

U.S. Broad

Small-cap and value-oriented funds in the U.S. have been among the top performers, while growth-oriented funds have continued to suffer.

 

Top Performers

 

  • Mutual Funds: Invesco Small Cap Value Fund (VSMIX) , up 6.7%, and Baron Growth Fund (BGRUX), up 6.65%.
  • ETFs: iShares S&P Mid-Cap 400 Value ETF (IJJ) , up 4.39%, and Vanguard S&P Mid-Cap 400 Value Index Fund (IVOV), up 4.37%.

 

Worst Performers

 

  • Mutual Funds: Polen Growth Fund (POLIX) , down -9.49%, and Gabelli Growth Fund (GABGX), down -7.25%.
  • ETFs: Schwab U.S. Large-Cap Growth ETF™ (SCHG) , down -5.21%, and iShares Core S&P U.S. Growth ETF (IUSG), down -4.48%.

 

Dividend

International dividend funds have been among the best performers, at a time when only a few dividend funds posted losses.

 

Top Performers

 

  • Mutual Funds: Matthews Asia Dividend Fund (MIPIX) , up 5.17%, and Principal Small-MidCap Dividend Income Fund (PMDIX), up 4.31%.
  • ETFs: First Trust Dow Jones Global Select Dividend Index Fund (FGD) , up 5.03%, and SPDR® S&P International Dividend ETF (DWX), up 4.96%.

 

Worst Performers

 

  • Mutual Funds: Vanguard Diversified Equity Fund (VDEQX) , down -0.47%, and Goldman Sachs U.S. Equity Dividend and Premium Fund (GIDWX), down -0.3%.
  • ETFs: O’Shares U.S. Quality Dividend ETF (OUSA) , up 1.18%, and FlexShares Quality Dividend Index Fund (QDF), up 1.4%.

 

Fixed Income

International bonds, particularly emerging markets, have performed very well, along with inflation-linked bonds. Meanwhile, funds shorting long-term Treasury bonds have been pummeled.

 

Top Performers

 

  • Mutual Funds: Invesco International Bond Fund (OIBIX) , up 3.89%, and PIMCO Emerging Markets Local Currency and Bond Fund (PELPX), up 3.61%.
  • ETFs: Horizon Kinetics Inflation Beneficiaries ETF (INFL) , up 5.48%, and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB), up 3.24%.

 

Worst Performers

 

  • Mutual Funds: AlphaCentric Income Opportunities Fund (IOFCX) , down -1.2%, and Navigator Tactical Fixed Income Fund (NTBIX), down -1.07%.
  • ETFs: ProShares UltraShort 20+ Year Treasury (TBT) , down -4.75%, and ProShares Short 20+ Year Treasury (TBF), down -2.15%.

 

Sector

Chinese equity funds, especially those focused on technology and consumer discretionary sectors, have been the best performers as some easing of COVID-19 restrictions boosted optimism. Technology stocks have continued to post some of the biggest losses among all sectors.

 

Top Performers

 

  • Mutual Funds: Fidelity® Select Brokerage & Invmt Mgmt Portfolio (FSLBX) , up 7.86%, and DFA International Real Estate Securities (DFITX), up 6.87%.
  • ETFs: KraneShares CSI China Internet ETF (KWEB) , up 23.9%, and Global X MSCI China Consumer Discretionary ETF (CHIQ), up 21.25%.

 

Worst Performers

 

  • Mutual Funds: Rydex NASDAQ-100® 2x Strategy Fund (RYVLX) , down -10.25%, and ProFunds UltraNASDAQ-100 Fund (UOPIX), down -10.18%.
  • ETFs: ProShares UltraPro QQQ (TQQQ) , down -15.61%, and ProShares Ultra Technology (ROM), down -14.7%.

 

Foreign

Emerging markets are the best performers from the pack, while Saudi Arabia and Russia are the worst.

 

Top Performers

 

  • Mutual Funds: Matthews China Fund (MCHFX) , up 14.59%, and Matthews Asia Innovators Fund (MATFX), up 10.25%.
  • ETFs: EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ) , up 16.34%, and WisdomTree China ex-State-Owned Enterprises Fund (CXSE), up 13.84%.

 

Worst Performers

 

  • Mutual Funds: Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSGFX) , down -0.86%, and Fidelity® Puritan® Fund (FPUKX), down -0.3%.
  • ETFs: iShares MSCI Saudi Arabia ETF (KSA) , down -3.77%, and VanEck Vectors Russia ETF (RSX), flat 0%.

 

Alternatives

Commodities like silver and cannabis have jumped the most over the past two weeks, while volatility and contrarian strategy-focused funds has been hit hard.

 

Top Performers

 

  • Mutual Funds: Invesco Balanced-Risk Commodity Strategy Fund (BRCCX) , up 6.39%, and PIMCO CommoditiesPLUS® Strategy Fund (PCLAX), up 6.02%.
  • ETFs: ProShares Ultra Silver (AGQ) , up 18.74%, and ETFMG Alternative Harvest ETF (MJ), up 11.72%.

 

Worst Performers

 

  • Mutual Funds: Fidelity® Contrafund® Fund (FCNKX) , down -4.48%, and PIMCO TRENDS Managed Futures Strategy Fund (PQTIX), down -4.1%.
  • ETFs: ProShares Ultra VIX Short-Term Futures ETF (UVXY) , down -19.2%, and SPDR® ICE Preferred Securities ETF (PSK), down -1.2%.

 

ESG

ESG funds have continued to post rather disappointing performances.

 

Top Performers

 

  • Mutual Funds: TIAA-CREF Social Choice Low Carbon Equity Fund (TPWCX) , up 1.36%, and TIAA-CREF Social Choice Equity Fund (TICRX), up 1.13%.
  • ETFs: Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) , down -0.06%, and iShares MSCI KLD 400 Social ETF (DSI), down -0.13%.

 

Worst Performers

 

  • Mutual Funds: Brown Advisory Sustainable Growth Fund (BAFWX) , down -3.46%, and Vanguard FTSE Social Index Fund (VFTNX), down -1.87%.
  • ETFs: Xtrackers S&P 500 ESG ETF (SNPE) , down -1.08%

Key Economic Indicators

Among major economic data released during the last two weeks, China’s GDP increased by a higher-than-expected 3.9% in the third quarter, triggering a wave of optimism in local equity markets. However, retail sales and the unemployment rate disappointed to the downside.

The sentiment of eurozone and U.K. purchasing managers is deep in negative territory, drastically increasing the likelihood of a recession. That has not stopped the European Central Bank from raising interest rates by 75 basis points to 2%. European inflation surged to 10.7% from 9.9% previously, largely due to higher energy and food prices. Meanwhile, the Bank of England raised interest rates by 75 basis points to 3% in a widely expected move. More importantly, the bank warned that a deep recession was coming.

In Asia, the Bank of Japan remains one of the few central banks that still bucks the trend and is keeping intact its ultra-low monetary policy, although governor Haruhiko Kuroda hinted that the bank was prepared to act if inflation is driven higher by a rise in wages.

Back at home, the U.S. job market continues to be strong, with the economy adding a higher-than-expected 261,000 jobs. A strong job market should give the Federal Reserve further reasons to continue on its rate-hiking path until there isn’t a notable slowdown.

Fund performance data is calculated for the period between October 24 and November 7.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

Growing oil price coin chart on white background

Mutual Funds and ETFs Scorecard: October 26 Edition

Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual funds and ETFs to highlight the trending sectors, geographic regions, and asset classes. MutualFunds.com uses a system to automatically scan through thousands of relevant securities and, to ensure quality and adequate track record, places a minimum threshold on net assets ($1 billion for mutual funds and $500 million for ETFs). The best and worst performers are further discussed in the report along with key economic highlights from the past fortnight, reminding you to adjust your portfolios, if required.

Performance Scorecard

Markets have posted divergent performances over the past two weeks, with small-caps, emerging markets, and commodities recording strong gains. Funds focused on volatility strategies and on shorting equities have been clobbered.
MF & ETF Scorecard Graph - Category Performance - Nov 9

US Broad mostly includes funds focused on US equities and can cover different investing styles (growth/value) and market capitalizations (small/mid/large). Fixed Income includes funds focused on debt securities and can cover different geographies (US/foreign) and security types (corporate/municipal/high-yield/investment-grade/government/structured). Alternatives cover funds focused on non-traditional investment strategies (currency, hedge fund strategy, derivatives), leveraged/structured products, real estate, and commodities. Dividend funds focus on generating income via equities and not through debt.

 

U.S. Broad

Small-cap and value-oriented funds in the U.S. have been among the top performers, while growth-oriented funds have continued to suffer.

 

Top Performers

 

  • Mutual Funds: Invesco Small Cap Value Fund (VSMIX) , up 6.7%, and Baron Growth Fund (BGRUX), up 6.65%.
  • ETFs: iShares S&P Mid-Cap 400 Value ETF (IJJ) , up 4.39%, and Vanguard S&P Mid-Cap 400 Value Index Fund (IVOV), up 4.37%.

 

Worst Performers

 

  • Mutual Funds: Polen Growth Fund (POLIX) , down -9.49%, and Gabelli Growth Fund (GABGX), down -7.25%.
  • ETFs: Schwab U.S. Large-Cap Growth ETF™ (SCHG) , down -5.21%, and iShares Core S&P U.S. Growth ETF (IUSG), down -4.48%.

 

Dividend

International dividend funds have been among the best performers, at a time when only a few dividend funds posted losses.

 

Top Performers

 

  • Mutual Funds: Matthews Asia Dividend Fund (MIPIX) , up 5.17%, and Principal Small-MidCap Dividend Income Fund (PMDIX), up 4.31%.
  • ETFs: First Trust Dow Jones Global Select Dividend Index Fund (FGD) , up 5.03%, and SPDR® S&P International Dividend ETF (DWX), up 4.96%.

 

Worst Performers

 

  • Mutual Funds: Vanguard Diversified Equity Fund (VDEQX) , down -0.47%, and Goldman Sachs U.S. Equity Dividend and Premium Fund (GIDWX), down -0.3%.
  • ETFs: O’Shares U.S. Quality Dividend ETF (OUSA) , up 1.18%, and FlexShares Quality Dividend Index Fund (QDF), up 1.4%.

 

Fixed Income

International bonds, particularly emerging markets, have performed very well, along with inflation-linked bonds. Meanwhile, funds shorting long-term Treasury bonds have been pummeled.

 

Top Performers

 

  • Mutual Funds: Invesco International Bond Fund (OIBIX) , up 3.89%, and PIMCO Emerging Markets Local Currency and Bond Fund (PELPX), up 3.61%.
  • ETFs: Horizon Kinetics Inflation Beneficiaries ETF (INFL) , up 5.48%, and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB), up 3.24%.

 

Worst Performers

 

  • Mutual Funds: AlphaCentric Income Opportunities Fund (IOFCX) , down -1.2%, and Navigator Tactical Fixed Income Fund (NTBIX), down -1.07%.
  • ETFs: ProShares UltraShort 20+ Year Treasury (TBT) , down -4.75%, and ProShares Short 20+ Year Treasury (TBF), down -2.15%.

 

Sector

Chinese equity funds, especially those focused on technology and consumer discretionary sectors, have been the best performers as some easing of COVID-19 restrictions boosted optimism. Technology stocks have continued to post some of the biggest losses among all sectors.

 

Top Performers

 

  • Mutual Funds: Fidelity® Select Brokerage & Invmt Mgmt Portfolio (FSLBX) , up 7.86%, and DFA International Real Estate Securities (DFITX), up 6.87%.
  • ETFs: KraneShares CSI China Internet ETF (KWEB) , up 23.9%, and Global X MSCI China Consumer Discretionary ETF (CHIQ), up 21.25%.

 

Worst Performers

 

  • Mutual Funds: Rydex NASDAQ-100® 2x Strategy Fund (RYVLX) , down -10.25%, and ProFunds UltraNASDAQ-100 Fund (UOPIX), down -10.18%.
  • ETFs: ProShares UltraPro QQQ (TQQQ) , down -15.61%, and ProShares Ultra Technology (ROM), down -14.7%.

 

Foreign

Emerging markets are the best performers from the pack, while Saudi Arabia and Russia are the worst.

 

Top Performers

 

  • Mutual Funds: Matthews China Fund (MCHFX) , up 14.59%, and Matthews Asia Innovators Fund (MATFX), up 10.25%.
  • ETFs: EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ) , up 16.34%, and WisdomTree China ex-State-Owned Enterprises Fund (CXSE), up 13.84%.

 

Worst Performers

 

  • Mutual Funds: Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSGFX) , down -0.86%, and Fidelity® Puritan® Fund (FPUKX), down -0.3%.
  • ETFs: iShares MSCI Saudi Arabia ETF (KSA) , down -3.77%, and VanEck Vectors Russia ETF (RSX), flat 0%.

 

Alternatives

Commodities like silver and cannabis have jumped the most over the past two weeks, while volatility and contrarian strategy-focused funds has been hit hard.

 

Top Performers

 

  • Mutual Funds: Invesco Balanced-Risk Commodity Strategy Fund (BRCCX) , up 6.39%, and PIMCO CommoditiesPLUS® Strategy Fund (PCLAX), up 6.02%.
  • ETFs: ProShares Ultra Silver (AGQ) , up 18.74%, and ETFMG Alternative Harvest ETF (MJ), up 11.72%.

 

Worst Performers

 

  • Mutual Funds: Fidelity® Contrafund® Fund (FCNKX) , down -4.48%, and PIMCO TRENDS Managed Futures Strategy Fund (PQTIX), down -4.1%.
  • ETFs: ProShares Ultra VIX Short-Term Futures ETF (UVXY) , down -19.2%, and SPDR® ICE Preferred Securities ETF (PSK), down -1.2%.

 

ESG

ESG funds have continued to post rather disappointing performances.

 

Top Performers

 

  • Mutual Funds: TIAA-CREF Social Choice Low Carbon Equity Fund (TPWCX) , up 1.36%, and TIAA-CREF Social Choice Equity Fund (TICRX), up 1.13%.
  • ETFs: Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) , down -0.06%, and iShares MSCI KLD 400 Social ETF (DSI), down -0.13%.

 

Worst Performers

 

  • Mutual Funds: Brown Advisory Sustainable Growth Fund (BAFWX) , down -3.46%, and Vanguard FTSE Social Index Fund (VFTNX), down -1.87%.
  • ETFs: Xtrackers S&P 500 ESG ETF (SNPE) , down -1.08%

Key Economic Indicators

Among major economic data released during the last two weeks, China’s GDP increased by a higher-than-expected 3.9% in the third quarter, triggering a wave of optimism in local equity markets. However, retail sales and the unemployment rate disappointed to the downside.

The sentiment of eurozone and U.K. purchasing managers is deep in negative territory, drastically increasing the likelihood of a recession. That has not stopped the European Central Bank from raising interest rates by 75 basis points to 2%. European inflation surged to 10.7% from 9.9% previously, largely due to higher energy and food prices. Meanwhile, the Bank of England raised interest rates by 75 basis points to 3% in a widely expected move. More importantly, the bank warned that a deep recession was coming.

In Asia, the Bank of Japan remains one of the few central banks that still bucks the trend and is keeping intact its ultra-low monetary policy, although governor Haruhiko Kuroda hinted that the bank was prepared to act if inflation is driven higher by a rise in wages.

Back at home, the U.S. job market continues to be strong, with the economy adding a higher-than-expected 261,000 jobs. A strong job market should give the Federal Reserve further reasons to continue on its rate-hiking path until there isn’t a notable slowdown.

Fund performance data is calculated for the period between October 24 and November 7.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next