Rising Fuel Costs Lead To Win For Energy, Cathie Wood's Biotech Play Loses Big - ETF Winners And Losers: Medium-Cap Returns
Portfolio Pulse from Johnny Rice
A screening of medium-cap ETFs revealed the largest positive and negative returns of the week. Vanguard Energy ETF (VDE) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) were winners, with VDE down 3.36% and XOP up 3.17% on the week. Losers included ARK Genomic Revolution ETF (ARKG), down 6.21%, and KraneShares CSI China Internet ETF (KWEB), down 5.82%.
August 14, 2023 | 8:14 pm
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NEGATIVE IMPACT
ARK Genomic Revolution ETF (ARKG) is down 6.21% on the week. It has $2.12 billion in AUM and an expense ratio of .75%. Its largest holdings are Exact Sciences Corporation (EXAS) and Pacific Biosciences of California, Inc. (PACB).
The ETF's performance is directly tied to the performance of its holdings, which include EXAS and PACB. The decrease in its value indicates a potential negative impact on these stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
KraneShares CSI China Internet ETF (KWEB) is down 5.82% on the week. It has $6.15 billion in AUM and an expense ratio of 0.69%. Its largest holdings are Alibaba Group Holding Limited and Tencent Holdings Ltd.
The ETF's performance is directly tied to the performance of its holdings, which include Alibaba and Tencent. The decrease in its value indicates a potential negative impact on these stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vanguard Energy ETF (VDE) was down 3.36% on the week. It has $8.39 billion in AUM and an expense ratio of 0.10%. Its largest holdings are Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX).
The ETF's performance is directly tied to the performance of its holdings, which include XOM and CVX. The decrease in its value indicates a potential negative impact on these stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up 3.17% over the trailing week. It has $3.87 billion in AUM and an expense ratio of 0.35%. Its largest holdings are SM Energy Company (SM) and APA Corporation (APA).
The ETF's performance is directly tied to the performance of its holdings, which include SM and APA. The increase in its value indicates a potential positive impact on these stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100