The always excellent Bespoke, put out an excellent chart showing the performance in Q1 of many of the major ETFs. For the S&P 500 (NYSE:SPY) it was the best first quarter since 1998, edging out 2010’s Q1 with a gain of nearly 5 and a half percent. Mid caps (my sweet spot) and small caps continue to outperform. No surprise was the massive outperformance in silver (NYSE:SLV) and energy (NYSE:XLE)…. but Italy (NYSE:EWI)? Who knew?
On the downside, we noted what a rough start to the year India (NYSE:INP) had – it has since recovered some in the past month, but thus far 2011 has been a struggle. Nat gas (NYSE:UNG) continues in its multi year bear market.
This is a guest post written by Trader Mark who runs the blog Fund My Mutual Fund.