Without surprise, the elite-performing ETFs so far this year reflect surging oil and gas prices. The top eight ETFs are all oil and gas specific, with the rest focused on various commodities.
Non-energy related equity funds like the SPDRs S&P Homebuilders ETF (XHB) is up some 15 percent followed by the iShares Dow Jones Transportation Average (IYT) with a 14 percent gain.
The iShares MSCI Turkey (TUR) is up 13.1 percent, and iShares MSCI Israel (EIS) is ahead by 7.4 percent; both funds were just launched in March.
In the cold department, a handful of alternative-energy ETFs — along with emerging market funds focused on Indian and Chinese stocks — dominate. All of these areas enjoyed solid gains last year, but are now taking a breather.
Year To Date
United States Natural Gas
iPath DJ AIG Natural Gas
iPath DJ AIG Energy
PowerShares DB Energy Fund
ELEMENTS Rogers International Energy
PowerShares DB Oil Fund
iPath S&P GSCI Crude Oil
First Trust ISE Revere Natural Gas
iPath DJ AIG Copper
iPath S&P GSCI Total Return
Year To Date
iPath MSCI India
PowerShares WilderHill Clean Energy
First Trust Nasdaq Clean Edge
iShares DJ US Healthcare Providers
PowerShares Dynamic Healthcare Services
iShares DJ U.S. Broker Dealers
KBW Capital Markets ETF
PowerShares Golden Dragon Halter China
Performance data YTD through 5/7/08, does not include leveraged and inverse performing ETFs. Source: www.etfguide.com