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This Week's ETF Winners & Losers

Funds tracking the financial sector were among the biggest winners.

Exchange-traded funds tracking the financial sector were among the biggest winners this week, propelled by the

Federal Reserve's

decision to cut its overnight lending rate by another quarter-point to 2%.


Ultra Financials ProShares

(UYG) - Get ProShares Ultra Financials Report

had a particularly good week, surging 5.2% since Monday.

At the same time, the

Financial Select Sector SPDR

(XLF) - Get Financial Select Sector SPDR Fund Report

, the

Vanguard Financials ETF

(VFH) - Get Vanguard Financials ETF Report

, the

iShares Dow Jones U.S. Financial Sector

(IYF) - Get iShares U.S. Financials ETF Report

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fund and the

iShares S&P Global Financials

(IXG) - Get iShares Global Financials ETF Report

ETF each added 2.3% or more.

The central bank provided further cushion to financials Friday when it ratcheted up its term auction facility by 50% to $150 billion, meaning banks will have that much more money available for borrowing.

Since Monday, two of the Dow's financial components --

Bank of America

(BAC) - Get Bank of America Corp Report


JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

-- added 3.9% and 1.8%, respectively, though


(C) - Get Citigroup Inc. Report

ticked 0.8% lower, weighed down by this week's news that it would offer $4.5 billion in stock.

Suffering the flip-side of the Fed's decision were commodities-related ETFs. Among the worst-performing energy ETFs were

Oil Services HOLDRs

(OIH) - Get VanEck Vectors Oil Services ETF Report


PowerShares Dynamic Oil & Gas Services

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


United States Oil

(USO) - Get United States Oil Fund LP Report


iShares Dow Jones U.S. Energy

(IYE) - Get iShares U.S. Energy ETF Report

. All have sunk at least 2.1% apiece over the past five sessions.

Those declines came despite climbs at


(CVX) - Get Chevron Corporation Report



(BP) - Get BP p.l.c. Sponsored ADR Report

, which both reported higher profits this week on the back of the oil boom, and for the week were up 2.8% and 4.4%, respectively.

Exxon Mobil

(XOM) - Get Exxon Mobil Corporation Report

was a notable exception, sliding 3.1% since Monday after failing to hit analyst estimates for the first quarter, despite a surging bottom line.

As for gold, the

Market Vectors Gold Miners ETF

(GDX) - Get VanEck Vectors Gold Miners ETF Report

slid 4.7% for the week, while the

iShares COMEX Gold Trust

(IAU) - Get iShares Gold Trust Report

and the

streetTRACKS Gold Shares

(GLD) - Get SPDR Gold Trust Report

fund each dropped 3.1%.