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ETF Market Summary: Week Ending August 3rd, 2007

Posted August 4th, 2007 by Michael J Bomma...

    This week brought further downside and volatility to the market, with only 8 of 26 categories positive and an average week category return of -1%. 

    Of those 8 categories that ended the week up, only utilities, Europe, commodities, and short funds were up over 1%. 

    Of the 18 categories that ended the week down, 15 were down over -1%, 8 were down over -2%, and 3 were down over -3%.  The worst performers were infrastructure, transports, energy, and China.

    At this point, only the currency, commodity, and short categories are currently up over the past trading month. 

    Year-to-date, large- and mid-cap categories have only marginally positive adjusted close returns, with small-caps already sliding beneath par. 

Dollar-Weighted Category Return

Category Day Week Month YTD Day $ Week Correlation to SPY
Infrastructure -0.76% -5.24% -8.93% 1.95% 5 13.53%
Transports -3.87% -3.61% -6.89% 4.64% 131 90.59%
Energy -3.27% -3.48% -7.57% 1.03% 2343 60.30%
China -4.34% -2.63% -4.80% 1.94% 418 64.44%
Emerging Markets -4.30% -2.50% -7.57% 0.85% 2842 54.21%
Asia -3.00% -2.43% -6.71% 0.94% 55 54.32%
Latin America -4.60% -2.21% -7.96% 6.86% 94 91.01%
Retail -3.11% -2.04% -8.67% -0.52% 777 93.84%
Small Cap -3.54% -1.65% -11.07% -0.09% 12752 83.76%
Dividend -3.07% -1.57% -8.33% -0.34% 104 79.33%
Biotech -0.88% -1.52% -3.42% -0.53% 131 70.49%
Japan -1.41% -1.48% -3.99% -0.15% 457 73.81%
Mid Cap -2.76% -1.27% -7.95% 0.18% 1271 NaN
Convertible -0.09% -1.09% -8.89% -0.97% 14 -11.45%
Consumer Goods & Services -1.90% -1.06% -7.60% -0.15% 298 68.18%
Russia -2.75% -0.66% -4.67% -6.92% 9 80.40%
Real Estate -3.56% -0.55% -12.71% -0.68% 663 55.05%
Large Cap -2.11% -0.17% -3.40% 0.24% 5379 83.09%
Call/Write -1.84% 0.19% -7.29% -0.29% 2 49.74%
MSCI -1.80% 0.28% -5.64% 5.92% 614 93.42%
Healthcare -1.36% 0.35% -5.27% 0.17% 153 62.34%
Currency 0.36% 0.85% 0.46% 0.82% 54 14.23%
Utilities -3.40% 1.02% -4.88% 0.30% 628 72.64%
Europe -1.73% 1.27% -6.28% 0.28% 222 78.25%
Commodities & Resources 0.95% 1.76% 1.65% 0.60% 857 8.38%
Short 5.15% 2.58% 11.47% -1.20% 3637 -91.74%