Silver And Gold Take A Hit, Oil And Gas Up - ETF Winners And Losers: Large-Cap Returns
Portfolio Pulse from Johnny Rice
Large-cap ETFs with AUM above $10 billion were screened for weekly returns. Winners included Energy Select Sector SPDR Fund (XLE) and iShares MSCI Japan ETF (EWJ), while losers were iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX). XLE, with holdings in Exxon Mobil and Chevron, was up 2.53% over the week. EWJ, with holdings in Toyota and Sony, was down 0.96%. SLV, tracking silver performance, was down 5.98%. GDX, providing exposure to gold mining companies like Newmont and Barrick Gold, was down 3.35%.
September 08, 2023 | 8:48 pm
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POSITIVE IMPACT
Energy Select Sector SPDR Fund (XLE) was up 2.53% over the week.
The rise in XLE is likely due to the positive performance of its largest holdings, Exxon Mobil and Chevron.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
iShares MSCI Japan ETF (EWJ) was down 0.96% over the week.
The decline in EWJ is likely due to the negative performance of its largest holdings, Toyota and Sony.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
VanEck Gold Miners ETF (GDX) was down 3.35% over the week.
The decline in GDX is likely due to the negative performance of its largest holdings, Newmont and Barrick Gold.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
iShares Silver Trust (SLV) was down 5.98% over the week.
The decline in SLV is likely due to the negative performance of silver.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100