ETF Update

ETNs as Trend Tracker: S&P 500, Oil, Gold

Stock quotes in this article:VXX, DTO, DGP 

Another popular ETN was the PowerShares DB Gold Double Long ETN(DGP) at $23.9 million.

Gold for immediate delivery rose half a percent to $1,013 an ounce, close to its all-time high. If gold increases this year, it will be the ninth year in a row. Investors are concerned a rebound in the global economy will fuel inflation and are hoarding the metal as a response.

Since June 6, 2006, when the oldest ETN we track first launched, 85 ETNs have been created and currently trade in the U.S. That represents about one of every 10 exchange traded products. The iPath Dow Jones-UBS Commodity Index Total Return ETN(DJP), the ETN that was started in June 2006, ranks sixth among the most popular ETNs.

Most Popular Exchange Traded Notes
Exchange-Traded Note (Ticker) Rating Ave Value Traded 3 Mo Tot'l Return
iPATH S&P 500 VIX Short-Term Futures ETN (VXX) U $71,546,264 -37.33%
PowerShares DB Crude Oil Double Short ETN (DTO) C+ $41,061,476 -4.74%
PowerShares DB Gold Double Long ETN (DGP) C+ $23,941,666 20.30%
iPath MSCI India Index ETN (INP) B- $23,459,190 25.92%
iPath Goldman Sachs Crude Oil Total Return Index ETN (OIL) E $17,544,788 2.22%
iPath Dow Jones-UBS Commodity Index Total Return ETN (DJP) D- $14,911,623 5.33%
iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (GAZ) E- $10,192,033 -9.18%
PowerShares DB Gold Double Short ETN (DZZ) E $5,267,857 -18.43%
JPMorgan Alerian MLP Index ETN (AMJ) U $5,211,536 19.37%
iPath Dow Jones-UBS Copper Subindex Total Return ETN (JJC) C $4,147,834 33.76%
Source: Source: Bloomberg & TheStreet.com Ratings
Data: Return & 5 day average of dollar volume as of Sept 22, 2009

For this month's best rated exchange-traded funds, check out our Top Rated ETFs page.

>To order reprints of this article, click here: Reprints

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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Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

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