ETF Winners And Losers: Micro-Cap Returns - Volatility In The Market Spikes SPIKES Futures
Portfolio Pulse from Johnny Rice
A screening of small-cap ETFs with Assets Under Management (AUM) below $400 million revealed the largest positive and negative returns of the week. Winners include Simplify Interest Rate Hedge ETF (PFIX) and ConvexityShares 1x SPIKES Futures ETF (SPKX), while losers include iShares MSCI Russia ETF (ERUS) and KraneShares European Carbon Allowance Strategy ETF (KEUA).
August 04, 2023 | 4:41 pm
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NEGATIVE IMPACT
ERUS was down 66.42% on the week and 81.19% YTD. It has $0.5 million in AUM and is in the midst of liquidation.
The ETF's significant losses and ongoing liquidation due to the war in Ukraine make it a high-risk investment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
KEUA was down 9.33% on the week but is up 2.36% YTD. It has $26.3 million in AUM.
Despite the weekly loss, the ETF's YTD gain could still attract investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
SPKX was up 10.96% on the week but is down 54.46% YTD. It has $0.4 million in AUM.
Despite the weekly gain, the ETF's significant YTD loss could deter potential investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
PFIX is up 12.47% over the trailing week and 1.53% YTD. It has $204.3 million in AUM.
The ETF's positive performance and its aim to hedge interest rate movements and benefit from market stress when fixed income volatility increases could attract investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100