Befitting this era of crummy
that invest in currencies, commodities and international securities dominate our list of newly rated ETFs.
Among the 24 recently added
, seven are currency funds, one of which -- the
Market Vectors Double Long Euro ETN
-- is leveraged. Another six buy commodities, including the leveraged
PowerShares DB Commodity Double Long
. Seven more invest internationally, including five "global" ETFs that hold securities from the U.S. and abroad.
Despite the diversity of the newly rated offerings, only two have gained in value during the first five months of this year and in the previous 12 months. The
WisdomTree Dreyfus Chinese Yuan Fund
rode the export giant's strengthening currency to increase about 3% during both periods. The
WisdomTree U.S. Short-Term Government Income Fund
, which invests in bonds with short durations, rose 1.7% through May and 0.7% in the previous 12 months. The
S&P 500 Index
climbed 3.2% through May and lost 33% in the previous year.
The best performer was the
SPDR S&P Emerging Markets Small Cap ETF
, up 49% this year, but down 28% in the previous 12 months. Only two funds earned our
, A-plus: the
WisdomTree Dreyfus Indian Rupee Fund
WisdomTree Dreyfus Brazilian Real Fund
Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.