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This Week's ETF Winners & Losers

Exchange-traded funds tracking the financial sector were among the biggest winners this week, propelled by the Federal Reserve's decision to cut its overnight lending rate by another quarter-point to 2%.

The Ultra Financials ProShares (UYG) had a particularly good week, surging 5.2% since Monday.

At the same time, the Financial Select Sector SPDR (XLF), the Vanguard Financials ETF (VFH), the iShares Dow Jones U.S. Financial Sector (IYF) fund and the iShares S&P Global Financials (IXG) ETF each added 2.3% or more.

The central bank provided further cushion to financials Friday when it ratcheted up its term auction facility by 50% to $150 billion, meaning banks will have that much more money available for borrowing.

Since Monday, two of the Dow's financial components -- Bank of America (BAC - Get Report) and JPMorgan Chase (JPM - Get Report) -- added 3.9% and 1.8%, respectively, though Citigroup (C - Get Report) ticked 0.8% lower, weighed down by this week's news that it would offer $4.5 billion in stock.

Suffering the flip-side of the Fed's decision were commodities-related ETFs. Among the worst-performing energy ETFs were Oil Services HOLDRs (OIH), PowerShares Dynamic Oil & Gas Services (PXJ), United States Oil (USO) and iShares Dow Jones U.S. Energy (IYE). All have sunk at least 2.1% apiece over the past five sessions.

Those declines came despite climbs at Chevron (CVX - Get Report) and BP (BP - Get Report), which both reported higher profits this week on the back of the oil boom, and for the week were up 2.8% and 4.4%, respectively.

Exxon Mobil (XOM - Get Report) was a notable exception, sliding 3.1% since Monday after failing to hit analyst estimates for the first quarter, despite a surging bottom line.

As for gold, the Market Vectors Gold Miners ETF (GDX) slid 4.7% for the week, while the iShares COMEX Gold Trust (IAU) and the streetTRACKS Gold Shares (GLD) fund each dropped 3.1%.

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UYG $52.13 0.00%
BP $28.95 0.00%
BAC $12.20 0.00%
C $37.51 0.00%
CVX $82.92 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

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