2022 Recap: Top 10 ETFs' Performance

Tiger_Newspress
2023-01-02

Energy ETFs dominated 2022’s top funds. The top-performing ETF, once you filter out leveraged and inverse products, was $iShares MSCI Turkey ETF(TUR)$ with a monster return of 105.81% through Dec. 31.

Turkey’s lira plummeted during the year while inflation soared as high as 80%. However, that was what drove the stock market’s outstanding performance, as domestic investors plowed in assets to hedge against skyrocketing prices.

Despite its outsized returns, U.S. investors aren’t taking the bait, and the fund has seen $82.8 million in outflows year-to-date. Indeed, a recentBloomberg articlenotes that foreign ownership of Turkish stocks hit record lows.

The top performers are energy related with one exception. The $2.6 billion $VanEck Oil Services ETF (OIH)$ was in the No. 2 spot with a gain of 66.17%, followed by the $iShares U.S. Oil Equipment & Services ETF(IEZ)$ with a return of 65.74%.

Ultimately the remaining energy funds in the top 10 ETFs in terms of returns were up anywhere from 58.27% (the $Invesco Dynamic Energy Exploration & Production ETF(PXE)$) to 64.17% ( $Energy Select Sector SPDR Fund (XLE)$). Almost all of those were equity funds; however, the United States 12-Month $Natural Gas Fund LP (UNL)$ was in the mix with a return of 57%. The fund invests in natural gas futures via a laddered strategy that maintains equal-weight exposure to the 12 nearest-month NYMEX natural gas futures.

According to data from the Bureau of Labor Statistics, energy costs for Americans saw an average increase of 13% year-over-year as of November.

$(TUR)$ $(OIH)$ $(IEZ)$ $(XLE)$ $(VDE)$ $(XES)$ $(PXJ)$ $(IYE)$
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Comments

  • Assassin008
    2023-01-02
    Assassin008
    Thanks for the recap
  • Khikho
    2023-01-03
    Khikho
    能源ETF主导了2022年的顶级基金。剔除杠杆和反向产品后,表现最好的ETF是$土耳其ETF-iShares MSCI(TUR)$截至12月31日,回报率高达105.81%。
  • GerryLoh
    2023-01-03
    GerryLoh
    good sharing thanks
  • jimstocker
    2023-01-03
    jimstocker
    Nice to know about it. thanks
  • Solo1990
    2023-01-06
    Solo1990
    Awe some
  • Williamsj
    2023-01-06
    Williamsj
    thanks
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