April was one other good month for U.S. large-caps, though small-caps and worldwide shares underperformed. Lengthy-term Treasuries added about 2.5%, however these asset courses weren’t practically the large story.
Commodity costs continued to soar thanks to provide/demand imbalances fueled by world provide chain points. Treasured metals, together with gold and silver, produced features of 3-5%, but it surely was agricultural merchandise that delivered double digit returns throughout the board.
This is the checklist of the highest 30 performing ETFs for the month of April 2021.
The Breakwave Dry Bulk Transport ETF (BDRY) is definitely the month’s prime performer, returning greater than 45%. The thesis right here is fairly simple. The demand for transport throughout nearly all channels, together with ocean freight, trucking and air journey, is powerful and the need to get inputs rapidly can also be elevating prices for transport.
On the agricultural facet, the Teucrium Corn ETF (CORN), the Teucrium Wheat ETF (WEAT), the Teucrium Sugar ETF (CANE) and the United States Copper ETF (CPER) all land within the prime 15 positions. That is not even together with extra broad-based commodity funds, such because the Teucrium Algricultural ETF (TAGS), the USCF SummerHaven Dynamic Commodity Technique No Okay-1 ETF (SDCI), the United States Commodity Index ETF (USCI) and the Invesco DB Agriculture ETF (DBA).
Biotech additionally had a great month touchdown a few ETFs on this checklist, together with the World X China Biotech Innovation ETF (CHB) and the Loncar China BioPharma ETF (CHNA). The broader theme right here could also be extra associated to China than biotech because the nation stays forward of the worldwide curve for shifting previous the COVID-19 pandemic although inventory efficiency from the nation has been blended.
Different optimistic themes for the month embody battery tech, together with the 2 ETFs right here that make the checklist, actual property, which is having fun with a little bit of a bounce following an prolonged interval as one of many market’s worst performers, and even the T. Rowe Worth Blue Chip Progress ETF (TCHP). A broad large-cap ETF is often non-existent in a month-to-month prime performer checklist, but it surely’s give attention to development gave it a modest edge over its friends. It is value noting that TCHP is among the handful of ETFs that have been launched as a way to present equivalents to their massive and profitable mutual fund counterparts.
— to www.thestreet.com