Amid Israel-Palestine And Ukraine Gas, Gold Up Big, Cathie Wood's ARKK Down Almost 4% - ETF Winners And Losers: Medium-Cap Returns
Portfolio Pulse from Johnny Rice
Medium-cap ETFs with AUM between $2 billion and $10 billion were screened for weekly returns. Winners included SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and VanEck Gold Miners ETF (GDXJ), up 6.53% and 6.47% respectively. Losers included iShares U.S. Medical Devices ETF (IHI) and ARK Innovation ETF (ARKK), down 5.54% and 3.67% respectively.
October 16, 2023 | 9:13 pm
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POSITIVE IMPACT
GDXJ, the VanEck Gold Miners ETF, was up 6.47% on the week.
The increase in GDXJ's value is likely due to positive market conditions for the gold mining industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
XOP, the SPDR S&P Oil & Gas Exploration & Production ETF, is up 6.53% over the trailing week.
The increase in XOP's value is likely due to positive market conditions for the oil and gas sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ARKK, the ARK Innovation ETF, was down 3.67% on the week.
The decrease in ARKK's value is likely due to negative market conditions for the disruptive technology sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
IHI, the iShares U.S. Medical Devices ETF, is down 5.54% on the week.
The decrease in IHI's value is likely due to negative market conditions for the medical devices sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100