Key ETF Performance
Below is a check-up on asset class performance using our key ETF matrix. For each ETF, we show its September, Q3, and YTD total return.
US index ETFs posted solid gains in both September and for all of Q3, with the Nasdaq 100 (QQQ) leading the way in September but the small-cap Russell 2,000 (IWM) leading for the full quarter. Small-cap value (IJS) did well in Q3 in particular.
Notably, the S&P 500 Equalweight (RSP) was up much less than the cap-weighted S&P (SPY) in September, as the mega-caps once again drove upside performance.
Looking outside the US, Argentina (ARGT) was the only real area of pain in September, although Germany (EWG) and Australia (EWA) were both down slightly as well. China (MCHI) and Mexico (EWW) were the two best country ETFs in September with gains of 7%+, while China (MCHI) led the way for all of Q3 with a gain of 19.5%. On the year, Spain (EWP) is still up the most at 61.2%.
Gold (GLD) and silver (SLV) were on fire in September with gains of 11.8% and 17.1%, respectively. Treasury ETFs were up slightly across the board during the month as rates fell, with longer duration up the most.
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