ETF Winners And Losers: Mid-Cap Returns - Sustainability Fund Up Big, Fund Linked To Japan's Economy Drops
We performed a screening of mid-cap ETFs, defined as having Assets Under Management (AUM) between $2 billion and $10 billion – to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered.
Winners
iShares Global Clean Energy ETF (NYSE:ICLN)
ICLN is up 8.59% over the trailing week.
The iShares Global Clean Energy ETF offers exposure to companies involved in developing and deploying sustainable energy solutions and technologies.
The fund has $2.94 billion in AUM and an expense ratio of 0.41%. ICLN has holdings in 102 companies, with the 10 largest comprising 44.34% of the fund.
The fund's largest holdings are First Solar, Inc. (NASDAQ:FLSR) and Enphase Energy, Inc. (NASDAQ:ENPH) making up 8.00% and 7.16% of the fund, respectively.
ICLN is down 22.41% YTD.
SPDR S&P Regional Banking ETF (NYSE:KRE)
KRE is up 8.10% over the trailing week.
The SPDR S&P Regional Banking ETF is linked to an equal-weighted index of regional bank stocks, an industry that has seen much turmoil this year after the collapse of several high-profile banks. KRE is more diversified and evenly distributed than its competitors.
The fund has $3.92 billion in AUM and an expense ratio of 0.35%. KRE has holdings in 140 companies, with the 10 largest comprising 31.32% of the fund.
The fund's largest holdings are Western Alliance Bancorp (NYSE:WAL) and Zions Bancorporation, N.A. (NASDAQ:ZION) making up 3.60% and 3.42% of the fund, respectively.
KRE is down 7.44% YTD.
Losers
WisdomTree Japan Hedged Equity Fund (NYSE:DXJ)
DXJ is down 2.24% on the week.
The WisdomTree Japan Hedged Equity Fund offers exposure to the Japanese market. It also hedges out currency fluctuations, eliminating the threat of changes in the Yen.
The fund has $3.01 billion in AUM and an expense ratio of .48%. The fund is spread across 449 companies with the top 10 holdings accounting for 30.19% of the fund's value.
DXJ's largest holdings are Toyota Motor Corp. (TYO:7203) and Mitsubishi UFJ Financial Group, Inc. (TYO:8306) making up 4.84% and 4.62% of the fund, respectively.
DXJ is up 33.16% YTD.
Alerian MLP ETF (NYSE:AMLP)
AMLP is down 0.69% over the trailing week.
The Alerian MLP ETF, like AMJ, offers exposure to the energy MLP sector. In addition to avoiding corporate taxes, MLPs also require quarterly distributions, providing cash flow. The fund has $7.30 billion in AUM and an expense ratio of 0.87%. AMLP has holdings in 17 companies, with the 10 largest comprising 93.04% of the fund.
The fund's largest holdings are Energy Transfer LP (NYSE:ET) and MPLX LP (NYSE:MPLX) making up 13.05% and 12.74% of the fund, respectively.
AMLP is up 19.91% YTD.
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Posted-In: Bank of Japan sustainability