ETF Returns: Small-Cap Winners And Losers
Portfolio Pulse from Johnny Rice
A screening of small-cap ETFs revealed the largest positive and negative returns of the week. Winners include ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), with returns of 4.04% and 3.72% respectively. Losers include KraneShares Global Carbon Strategy ETF (KRBN) and Invesco DB Agriculture Fund (DBA), with losses of 6.97% and 4.88% respectively. ARKW and ARKF's largest holdings are Coinbase Global, Inc. (COIN) and Tesla, Inc. (TSLA), and Shopify, Inc. (SHOP) and COIN respectively. KRBN's largest holdings are a State Street money market fund and EU and California Carbon Allowances. DBA's largest holdings are US Government T-Bills and commodity futures.
June 30, 2023 | 2:33 pm
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POSITIVE IMPACT
ARKF saw a positive return of 3.72% over the week. Its largest holdings are SHOP and COIN.
The positive return of ARKF is likely to increase investor confidence and potentially drive up the price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
ARKW saw a positive return of 4.04% over the week. Its largest holdings are COIN and TSLA.
The positive return of ARKW is likely to increase investor confidence and potentially drive up the price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
DBA saw a negative return of 4.88% over the week. Its largest holdings are US Government T-Bills and commodity futures.
The negative return of DBA is likely to decrease investor confidence and potentially drive down the price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
KRBN saw a negative return of 6.97% over the week. Its largest holdings are a State Street money market fund and EU and California Carbon Allowances.
The negative return of KRBN is likely to decrease investor confidence and potentially drive down the price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100