Here's a look at the best and worst of exchange-traded funds this week.
PowerShares DB Crude Oil Double Short (DTO) +17.8%
I first mentioned DTO as a hedge against falling markets on Monday, when it was trading around $87. I offered it as a way to bet on falling energy prices on Wednesday (instead of shorting U.S. Natural Gas (UNG)) when it was trading around $91.50. It turned out to be one of the best performing ETFs and ETNs this week.
LosersPowerShares WilderHill Clean Energy (PBW) -12.1%. Market Vectors Solar (KWT) -12.7%. With the S&P 500 index down 1.9% for the week, there were a lot more losers than winners. Solar ETFs were one sector that took a beating. Solar ETFs tend to track oil, but with more volatility. iShares FTSE NAREIT Retail (RTL) -9.7%. The retail sector had mixed same-store sales reports. They were mostly down, but better than expected in many cases, and PowerShares Dynamic Retail (PMR) had a 0.5% gain for the week. Meanwhile, the extremely thinly traded iShares FTSE NAREIT Retail (RTL), which invests in retail real estate, tanked 9.7%. This fund suffers from being in two of the weaker sectors of the economy -- retail and commercial real estate.
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