ETFs From Top And Flop Zones To Start May

After hitting a peak on the first trading day of May, U.S. stocks were once again caught in the trade drama. President Donald Trump is looking to increase tariffs from 10% to 25% on Chinese goods worth $200 billion today midnight and has threatened further tariffs on $325 billion shortly. China has threatened to retaliate if Trump implements the latest tariffs.

The move has escalated trade war fears and dimmed the chances of a deal between the two largest countries. This has made investors jittery in recent week, leading to a broad sell-off in the markets.

Many corners of the market have seen rough trading while a few still stand tall to start May. Below, we have highlighted ETFs from the best and worst zones over the past week:

Best Zones

ProShares VIX Short-Term Futures ETF (VIXY - Free Report) – Up 11.4%

Trump’s fresh tariff threat, which escalated the trade tariff spat between the United States and China, increased volatility and pushed up volatility products. VIXY focuses on the S&P 500 VIX Short-Term Futures Index, measuring the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration. It has amassed $266.7 million in AUM and charges 85 bps in fees per year. The fund trades in average daily volume of 1.9 million shares (read: Volatility ETFs Spike on Renewed Trade Tensions).

Invesco Aerospace & Defense ETF (PPA - Free Report) – Up 4.4%

Aerospace & defense sector stocks have risen on better-than-expected solid earnings. PPA offers exposure to 48 companies that are involved in the development, manufacturing, operations as well as support U.S. defense, homeland security and aerospace operations. It tracks the SPADE Defense Index, charging 60 bps in annual fees from investors. Each security holds less than 7.5% of the portfolio. The fund has so far managed assets of $930.5 million while trading in lower average daily volume of about 75,000 shares. It has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Aerospace and Defense ETFs Rally on Strong Q1 Earnings).

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