Been Down So Long It Looks Like Up to Me is the title of a classic counterculture novel -- but it could also be the theme of the current dominant trends in exchange traded funds.
The accompanying table of the 10 highest-rated ETFs includes six that have each achieved double-digit rewards for their owners in the last year by capitalizing on the steady slump in the U.S. dollar. Two others earned the highest possible grades of A+ from TheStreet.com Ratings by moving opposite the cascading domestic market for small-cap stocks.
Like everything else on the list -- and in contrast to the negative 11.91% performance of the S&P 500 total return index -- they achieved double-digit gains over the past year.
Because U.S. stock prices and the greenback each suffered long, deep slides, the objective criteria that determine TheStreet.com Ratings grades evaluated the steady gains by funds that move inversely to the dollar and the general stock market and awarded them relatively high marks. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,366.15 | 1,099.92 | 2,173.14 | 33.80 |
Oil *
77.73
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DOWN
86.53
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DOWN
9.32
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DOWN
11.89
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UP
0.57
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10 Yr
3.38%
SPDR Gold
118.70
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-0.83%
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-0.84%
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-0.54%
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+1.72%
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