US funds are shining atop Quant’s ranks with 6 sector funds representing 6 unique sectors in today’s top 10. China hasn’t faded as FXI takes the 10 Green Diamond distinction back from GXC which is tied for Quant’s 10th position with FCHI. Emerging markets fund ADRE and the global gold miners in GDX round out the top 10 providing something for everyone today.
The 6 sector funds are led by SPDR’s S&P Metals and Mining Fund (XME) and S&P Oil & Gas Exploration & Production Fund (XOP) in 1st and 2nd place. They share high 90s yield scores but PE scores in the low to mid 40s. Technical scores are decent in the mid 60s and bearish sentiment pushes that score up to the low 70s for each. XME wins out on its 96.5 price/cash flow score. iShares sees their US Telecommunications Fund (IYZ) in 3rd place and their US Technology Fund (IYW) in 7th. Both of those also see high 90s yield scores and IYZ gets a 98.5 P/E score while IYW gets a 96 price/book score. The telecoms do better on the Behavioral side while the techs excel on the Fundamental side. Powershares has their Dynamic Biotech & Genome Fund (PBE) and S&P Small Cap Industrials Portfolio Fund (PSCI) in 6th and 8th place. Yield is most responsible again with both scoring 100 and 95s for cash flow scores. Otherwise they are not very cheap but are trading well with technical scores around 69. Both funds reached the top 10 for the first time earlier this month and are outperforming the S&P 500 since then. PSCI has held its top 10 rank for most of the month with a Fundamental Score that has come down to 71.5 from 78 in late June.
If risk is on your mind you may want to steer towards the techs and telecoms with low Red Diamond Risk Ratings of 3.17 and 3.21. The industrials are also lower than average at 3.47 and the biotechs’ 4.25 is close to today’s all equity ETF average of 4.52. The energy and mining funds carry higher than average risk at 4.81 and 5.63 respectively. The China and EM funds are all above 5 and the gold miners are above 6. We hope there is something you like among that group, if you have any questions please send them to firstname.lastname@example.org .