Below is our daily list of the twenty best and twenty worst performing ETFs over the last five trading days. Gold ranked among the top performers again while oil exposures remained among the worst performers. Asian stocks continued to do well, with the exception of hedged Japanese exposure which came in atop the worst performers. It’s notable that thanks to the huge dollar selloff after Friday’s poor jobs print, currency hedges in DXJ and HEDJ worked the “wrong way”; stocks didn’t move much in Europe and Japan but the EUR and JPY surged versus USD, making the hedges lose while the underlying was close to flat. Biotech remained strong, and European exposures still ranked poorly. Financial sector stocks were stuck among the worst performers.
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