The final month of the year is now upon us, but before thinking about December, let’s recap what happened across asset classes in November. Below is our matrix of key ETFs that highlights the recent performance of domestic and international equities, currencies, commodities and fixed income. For each ETF, we show its performance since the close on 11/20, during the month of November, and year-to-date through November.
As shown, small-cap and mid-cap ETFs have done very well over the last ten days, and they outperformed for the month as well. The Russell 2,000 (IWM) ETF gained 3.26% in November versus a gain of just 0.37% for the S&P 500 (SPY). Looking at the ten U.S. sectors, Financials (XLF) did the best in November with a gain of 1.99%, followed by Materials (XLB), Industrials (XLI) and Technology (XLK).
Outside of the U.S., just three of the country ETFs featured gained in November — Australia (EWA), Germany (EWG) and Japan (EWJ). India (INP) fell the most with a decline of 4.27%. For the year, Russia (RSX) remains the big winner at +14%, while Brazil (EWZ) is down by far the most at -38.4%.
Commodities were crushed in November, with oil (USO) and natural gas (UNG) leading the way lower. Gold (GLD) and silver (SLV) both fell sharply as well. And while Treasury ETFs have bounced back since last Monday, they were down across the board for the month.