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TheStreet Open House

Top ETFs Bet on Real Estate in August

Stock quotes in this article: BAC, JPM, C

TheStreet.com Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.

NEW YORK ( TheStreet) -- The best-performing exchange traded funds in August targeted the recovering real estate market and banks that have become property owners through foreclosure.

Topping the list are two triple-leveraged funds. The Direxion Daily Real Estate Bull 3x Shares (DRN) jumped 41% in its first full calendar month of trading. The more established Direxion Daily Financial Bull 3X Shares (FAS) gained 38%.

The four largest holders of repossessed real estate as of June 30 were JPMorgan Chase (JPM) with $4.9 billion in property, Wells Fargo (WFC) with $2.5 billion, Bank of America (BAC) with $1.8 billion, and Citigroup (C) with $1.7 billion. These ETFs made leveraged bets on these banks and other financial stocks.

The best-performing, non-leveraged fund in August was the iPath Dow Jones-UBS Sugar Subindex Total Return ETN (SGG), which returned a sweet 31% in one month. This exchange traded note tracks an index of futures contracts tied to sugar prices called World Sugar No. 11, which trades on the New York Board of Trade's ICE Futures U.S. Softs exchange. One contract for 112,000 pounds of raw cane sugar is now worth $27,316.80, up 31% in a month and a huge jump from the $13,227 it was worth at year-end.

Best Performing Exchange-Traded Funds in August
Fund (Ticker) Rating
Objective
Total Return 1 Month
Direxion Daily Real Estate Bull 3x Shares (DRN) U
Real Estate
41.0%
Direxion Daily Financial Bull 3X Shares (FAS) U
Financial Service
37.5%
iPath Dow Jones-UBS Sugar Subindex Total Return ETN (SGG) B-
Commodity
30.8%
Rydex 2X S&P Select Sector Financial ETF (RFL) E
Financial Service
26.6%
ProShares Ultra Real Estate (URE) E-
Real Estate
26.2%
ProShares Ultra Financials (UYG) E
Financial Service
24.6%
iShares FTSE NAREIT Industrial/Office Capped Index Fund (FIO) E+
Real Estate
19.4%
SPDR KBW Bank ETF (KBE) E+
Financial Service
17.1%
iShares FTSE EPRA/NAREIT Developed Europe Index Fund (IFEU) D
Real Estate
16.8%
RevenueShares Financials Sector Fund (RWW) U
Financial Service
16.5%
Source: TheStreet.com Ratings & Bloomberg

-- Reported by Kevin Baker in Jupiter, Fla.

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Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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