Q1 2020 Asset Class Performance Matrix

Below is a look at total returns in Q1 2020 across asset classes using key ETFs that we track closely on a daily basis. For each ETF, we show its return in March, since the 2/19 all-time closing high for the S&P 500, and for the full first quarter of the year.

Looking at US equity index ETFs at the end of March, the S&P 500 (SPY) was down 12.46% on the month, 23.35% since the 2/19 all-time high, and 19.43% year-to-date. The Dow 30 (DIA) was down slightly more than SPY over all three-time frames, while the Tech-heavy Nasdaq 100 (QQQ) was down much less in both March (-7.3%) and in the first quarter (-10.3%).

Small-caps and mid-caps have both been hit harder than large-caps, while growth outperformed value by a wide margin.

Looking at US sectors, Technology (XLK) was down the least in Q1 at -11.9%, while Energy (XLE) was down the most at -50%. The Financials sector (XLF) was down the 2nd most in Q1 with a drop of 31.8%.

Outside of the US, the hardest-hit country ETFs in both March and the first quarter were Brazil (EWZ) and Mexico (EWW). Brazil was down 38.6% in March and 50% in the first quarter. Mexico was down 31.9% in March and 37% in Q1. The commodities ETF (DBC) was down 29.5% in Q1, but the oil ETF (USO) was down 67% while the gold ETF (GLD) was up 3.6%.

Treasury ETFs were up in March, with longer duration up the most. The 20+ Year Treasury ETF (TLT) was up 6.38% in March and up 22% in Q1.  

Disclaimer: To begin receiving both our technical and fundamental analysis of the natural gas market on a daily basis, and view our various models breaking down weather by natural gas demand ...

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


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