With the week complete, here is a helpful look at the recent performance of various asset classes using key ETFs traded in the US.

Large-cap growth (IVW) was up 2.6% on the week, while mid-caps and small-caps actually fell. Technology (XLK) was the best performing sector due to Oracle's (ORCL) massive gain, while Consumer Staples (XLP) and Materials (XLB) were the worst.  

Outside of the US, there are a dozen country ETFs now up 20%+ on the year, which easily beats out SPY's year-to-date gain of 12.8%. Spain (EWP) is up the most in 2025 with a huge gain of 59.6%.

Argentina (ARGT) and natural gas (UNG) were the two worst performing ETFs in our matrix this week.

Sticking with commodities, agriculture (DBA), gold (GLD), and silver (SLV) all rallied more than 1%, with GLD and SLV extending huge year-to-date gains.

Finally, Treasury ETFs were also up across the board this week as rates fell, especially at the long-end.

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