On a day-to-day basis, most industries/sectors tend not to have dramatic price movements. However, material news/information that is fundamental to an industry/sector's business does get released periodically. This type of news has the potential to move a tracking exchange traded fund (ETF) by several percentage points (in either direction).
But even if an ETF has already moved, it might still warrant a look. After good news, an industry/sector may increase in value, but this momentum can often continue on for more upside. Likewise, bad news often knocks down an ETF's price more than is warranted, causing it to sell at bargain levels until the price moves back up.
Check out which ETFs made the biggest moves in October. By comparison, the S&P 500 was up 3.4% and the DJIA was up 3% over the same period. (For related reading, see How Now, Dow? What Moves The DJIA?)
October's Best-Performing ETFs
|PowerShares DB Agriculture Dble Long ETN (NYSE:DAG)||+27.78%||114.30M|
|ProShares Ultra Silver (NYSE:AGQ)||+26.82%||245.55M|
|iPath DJ-UBS Sugar TR Sub-Idx ETN (NYSE:SGG)||+23.97%||18.82B|
|iPath DJ-UBS Cotton TR Sub-Idx ETN (NYSE:BAL)||+23.08%||46.02M|
|Direxion Daily Semicondct Bull 3X Shares (Nasdaq:SOXL)||+20.34%||11.10M|
October's Worst-Performing ETFs
|PowerShares DB Agriculture Dble Shrt ETN (NYSE:AGA)||-27.33%||4.40M|
|ProShares UltraShort Silver (NYSE:ZSL)||-25.37%||47.27M|
|iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX)||-24.23%||2.02B|
|Direxion Daily Semicondct Bear 3X Shares (Nasdaq:SOXS)||-19.41%||2.33M|
|Direxion Daily Technology Bear 3X Shares (NYSE:TYP)||-17.95%||47.38M|