Ten of the Worst ETFs Money Can Buy by Attain Capital
It’s typically a slow week in the financial world for the few days leading up to our collective feasts on Thanksgiving day, and that gives us a little down time to catch up on matters we typically don’t get to day to day, or even week to week.
One of those things is checking in on ETFs some people thought were a smart idea at the time, and now doesn’t look so good. Without Further ado, the Top 10 worst performing ETFs over the past twelve months:
1 Year %
|VelocityShares 3x Inverse Natural Gas ETN||$DGAZ||-82.10%
|C-Tracks Citi Volatility Index TR ETN||$CVOL||-80.31%|
|Direxion Daily Jr Gld Mnrs Bull 3X Shrs||$JNUG||-75.06%|
|Direxion Daily Jr Gld Mnrs Bear 3X Shrs||$JDST||-73.52%|
|VelocityShares Daily 2x VIX ST ETN||$TVIX||-73.05%|
|ProShares Trust Ultra VIX Short||$UVXY||-72.94%|
|Direxion Daily Semicondct Bear 3X Shares||$SOXS||-67.15%|
|Direxion Daily Russia Bull 3X Shares||$RUSL||-66.00%|
|Direxion Daily Nat Gas Rltd Bull 2X Shrs||$GASL||-60.71%|
|UltraShort DJ-UBS Natural Gas||$KOLD||-59.91%|
(Disclaimer: Past performance is not necessarily indicative of future results)
Table Courtesy: ETF.com
In his book, The Dhandho Investor: The Low–Risk Value Method to High Returns, Mohnish Pabrai coined an investment approach known as "Heads I win; Tails I don't lose much." Q3 2021 hedge fund letters, conferences and more The principle behind this approach was relatively simple. Pabrai explained that he was only looking for securities with Read More
- We’re not surprised to see 3 of the Top 10 worst performing etfs be “tracking” Natural Gas, and again – both a bull fund and inverse fund both among the worst performers (it is truly magical their ability to pull that off). Those ETFs seem to not perform well under…let me see here, ok, under most circumstances.
- Gold Miners still suck. (See Here Here and here.) And now they join the dubious distinction club as being one of the plays where you lose no matter whether you thought Gold Miner’s were going up or going down. This one’s even more egregious than the Nat Gas, as they are bull and bear on the same index – yet both down more than -70% in past year.
- The Good old VIX. Betting on Volatility is a tricky, tricky game. Betting short on the VIX over the past 5 years probably seemed like a good bet, right up until October when the VIX spiked without notice, and all the sudden you lost half of the investment.
So how did you fare? Hopefully not as bad as some of these… Have an ETF that surprised you? Let us know.