Skip to main content

This Week's ETF Winners & Losers

Exchange-traded funds tracking financial stocks were among the best performers.

Exchange-traded funds tracking financial stocks were among the best performers this week as traders hoped -- again -- that banks are finally close to getting rid of the last of their soured assets.

The

Ultra Financials ProShares

(UYG) - Get ProShares Ultra Financials Report

soared 12.3% for the week. The

Financial Select Sector SPDR

(XLF) - Get Financial Select Sector SPDR Fund Report

,

iShares Dow Jones U.S. Financial Services

(IYG) - Get iShares US Financial Services ETF Report

and

Vanguard Financials

(VFH) - Get Vanguard Financials ETF Report

ETF added 5.9% or more.

Earlier this week, both

UBS

Scroll to Continue

TheStreet Recommends

(UBS) - Get UBS Group AG Registered Report

and

Deutsche Bank

(DB) - Get Deutsche Bank AG Report

announced they'll be taking billions more in writedowns in the first quarter, leading traders to surmise that financial firms are making a final push to get rid of those bad assets and move past the subprime calamity that has dragged down the market. Also cheering traders was news that UBS and

Lehman Brothers

(LEH)

have set plans to raise more capital.

Also doing well this week were commodities ETFs.

PowerShares DB Commodity Index Tracking Fund

(DBC) - Get Invesco DB Commodity Index Tracking Fund Report

and

iShares S&P GSCI Commodity-Indexed Trust

(GSG) - Get iShares S&P GSCI Commodity Indexed Trust Report

rose 1.1% and 2.1%, respectively.

With crude prices rising, the

Oil Services HOLDRs

(OIH) - Get VanEck Oil Services ETF Report

,

PowerShares Dynamic Oil & Gas Services

(PXJ) - Get Invesco Dynamic Oil & Gas Services ETF Report

and

Ultra Oil & Gas ProShares

(DIG) - Get ProShares Ultra Oil & Gas Report

advanced 1.4% or more.

Bundled securities tracking gold-related stocks, however, took a collective slide as gold futures lost ground for the week. Over the past five trading sessions,

PowerShares DB Gold

(DGL) - Get Invesco DB Gold Fund Report

lost 2%, the

iShares COMEX Gold Trust

(IAU) - Get iShares Gold Trust Report

shed 1.8%, and the

streetTRACKS Gold Shares

(GLD) - Get SPDR Gold Shares Report

was off 1.8%.