ETF Winners And Losers: Micro-Cap Returns - Volatility In The Market Spikes SPIKES Futures

We performed a screening of small-cap ETFs, defined as having Assets Under Management (AUM) below $400 million - to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered.

Winners

Simplify Interest Rate Hedge ETF PFIX

PFIX is up 12.47% over the trailing week.

The Simplify Interest Rate Hedge ETF aims to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases.

The fund has $204.3 million in AUM and an expense ratio of 0.5%. 

PFIX is up 1.53% YTD.

ConvexityShares 1x SPIKES Futures ETF SPKX

SPKX was up 10.96% on the week.

The ConvexityShares 1x SPIKES Futures ETF seeks investment results that match the performance of the SPIKES Futures Short-Term Index and provides exposure to a daily long rolling position in the SPIKES Futures contracts. 

The fund has $0.4 million in AUM and an expense ratio of 0.65%.

SPKX is down 54.46% YTD.

Losers

iShares MSCI Russia ETF ERUS

ERUS was down 66.42% on the week.

The iShares MSCI Russia ETF provides exposure to the emerging market of Russia. Due to the war in Ukraine, ERUS is in the midst of liquidation. By now it is largely divested and holds its funds in cash.

The fund has $0.5 million in AUM and an expense ratio of .08%. The fund has holdings in 28 companies.

YTD, ERUS is down 81.19%.

KraneShares European Carbon Allowance Strategy ETF KEUA

KEUA was down 9.33% on the week.

The KraneShares European Carbon Allowance Strategy ETF provides an investment vehicle for the EU’s cap and trade program.

KEUA has $26.3 million in AUM and an expense ratio of 0.78%. 

YTD, KEUA is up 2.36%.

Featured photo by Austin Distel on Unsplash