5 ETFs That Are Up More Than 10% In Volatile August

August has been a volatile month for the stock market, which witnessed wild swings. This is especially due to U.S.-China trade conflict, weak global economic data, low inflation, collapse in bond yields, political unrest in Hong Kong as well as a plunge in Argentina's currency and stock markets.

In fact, the U.S. Treasury yield curve temporarily inverted on Aug 13 for the first time since June 2007 as 10-year yields broke below 2-year yields, signaling that the world’s biggest economy could be heading toward a recession.

However, rising hopes of monetary stimulus globally as well as renewed trade optimism continue to drive investors’ confidence. This is especially true as major central banks across the globe are taking steps to prop up slowing economic growth that have eased global recession concerns. In the latest trade drama, the United States and China are expected to resume trade talks shortly after a weekend of escalating tension.

Though the broad stock market has been in red this month so far, there are few corners that are easily outperforming. Below, we have highlighted ETFs from those areas that have gained in double-digits this month amid heightened volatility:

Breakwave Dry Bulk Shipping ETF (BDRY - Free Report) – Up 21.3%

Shipping stocks are sailing smoothly on the resumption of iron-ore shipments from Brazil and Typhoon Lekima, which disrupted shipping in the East China Sea, leading to a rise in dry bulk freight costs. BDRY is an actively managed ETF that seeks to provide exposure to daily changes in the price of dry bulk freight futures by tracking the performance of a portfolio consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes that measure rates for shipping dry bulk freight. The fund has accumulated about $2 million in AUM. It trades in a paltry volume of about 7,000 shares per day on average and charges a higher annual fee of 1.85%

VelocityShares Daily Long VIX Short-Term ETN (VIIX - Free Report) – Up 19.9%

1 2
View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.