July is now complete, and the S&P 500 SPY ETF finished the month up 2.23%. Below is a look at the performance of all asset classes during the month of July using key ETFs traded on US exchanges. If you’d like to see Bespoke’s full line of ETF coverage, check out our ETF Trends report available to Bespoke Premium and Bespoke Institutional members.
While the SPY ETF was up 2.23% in July, the Nasdaq 100 (QQQ) doubled that with a gain of 4.56%. The Dow 30 (DIA), however, was up just 0.52% during the month. And small-caps actually fell. The Russell 2,000 (IWM) fell 1.56%, while the S&P 600 (IJR) fell 0.83%. Mid-caps (IJH) ended the month flat.
Looking at sectors, we saw a wide range of performance, with Consumer Discretionary (XLY), Consumer Staples (XLP) and Utilities (XLU) gaining 5%+, and Energy (XLE) and Materials (XLB) falling 5%+.
Outside of the U.S., Brazil (EWZ) and China (FXI) both got slaughtered in July with declines of 12%. But the rest of the world did relatively well, with France (EWQ), Germany (EWG), India (INP) and Italy (EWI) all posting decent gains.
Along with Brazilian and Chinese equities, commodity ETFs also got smoked. The DBC commodities ETF fell 12.6%, while oil (USO) fell more than 20%. Both gold (GLD) and silver (SLV) fell 6%. Brutal action for the commodities asset class.
Finally, Treasuries rallied back in July, with the 20+ Year Treasury ETF (TLT) posting a 4% gain. For the year, though, TLT remains down 2%.
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