Inflation-linked treasury bills and commodities were the best performers last week for the , based on a set of exchange traded funds.
The iShares TIPS Bond (NYSE 🙂 ETF rallied for a fourth straight week, gaining 0.8% in the five trading days through Friday, July 16. The gain took the fund to an all time high.
A close finalist last week: commodities in the broad sense. The WisdomTree Continuous Commodity Index Fund (NYSE :), an equally weighted portfolio, rose 0.6%.
Biggest losses last week: US and foreign developed market stocks, overtaken only by foreign real estate: ETF shares of the non-US global real estate index fund Vanguard (NASDAQ 🙂 fell by 1.8%.
Looking at all the major asset classes in a single portfolio, an ETF-based version of the Global Markets Index (GMI.F) was hit last week, falling 1.1%. This unmanaged benchmark (maintained by CapitalSpectator.com) holds all major asset classes (except cash) at market value weights via ETF proxies.
For one-year returns, US real estate investment trusts (REITs) took the lead over US stocks. Vanguard Real Estate Index Fund ETF Shares (NYSE 🙂 is ahead 40.6% in terms of total return over the past 12 months. That’s slightly ahead of Vanguard Total Stock Market Index Fund ETF Shares (NYSE :), which is up 38.8% from a year ago.
US bonds remain the worst year-over-year performance for the Vanguard Total Bond Market Index Fund ETF Shares (NASDAQ 🙂 is down 0.6% for the one-year window.
Ranking the major asset classes via the current draw shows that most of our proxy ETFs are currently experiencing peak to trough declines of no more than -5%. US Inflation-Linked Government Bonds (TIPs) lead on this front with a 0% drop from peak to trough at Friday’s close. The main outlier: commodities (GCC), which currently has a drawdown of -30% and more.
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