The first two months of 2016 have now come and gone, and below we provide a nice snapshot of how various asset classes have performed this year using key ETFs traded on U.S. exchanges.  For each ETF, we include its February, year-to-date, and year-over-year percentage change.  ETFs on the left side of the matrix are mostly U.S. equity related, while ETFs on the right represent international equities, commodities and fixed income.

In February, the largecap S&P 500 (SPY) closed down 19 basis points, but we saw value ETFs gain 2%+.  Of the ten sectors, Materials, Industrials and Telecom posted nice gains, while Energy, Financials, Health Care and Technology finished in the red.  Outside of the U.S., India, Italy, Japan and Spain finished down 5%+, while Brazil and Canada were up 3%+.  Looking at commodities, gold and silver both posted big gains, oil was down 6%, and the natural gas ETF (UNG) fell 29%!  Treasury ETFs were up across the board.

Year-to-date, the S&P 500 (SPY) remains down more than 5%, and it’s down 8.22% over the last year.  While the U.S. is down slightly less than 10% since last February, have a look at the performance of the international equity ETFs over the last year in the right column.  Many countries are sitting on year-over-year declines of 20%+.

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