The last week notwithstanding, there has been a trend away from commodities and the exchange traded funds (ETFs) that track them as the price of oil takes a step back.

It’s led to a rebound for those funds that were left for the vultures, namely financials and homebuilders.

As assets flow out of commodities, they are becoming the blood that is giving life to financials and homebuilder ETFs, reports Joe Morris for Ignites.

There are signs that the commodities boom may be slowing down, and the U.S. dollar is re-gaining its strength, so which funds are showing a little color?

• KBW Regional Banking (KBE): down 28% year-to-date; up 0.3% in the last month
• SPDR S&P Homebuilders (XHB): down 3.2% year-to-date; up 9.7% in the last month

Another beneficiary to falling prices is short ETFs.

Short funds tracking oil, financial and homebuilding sectors have come out winners during the recent correction within commodities, reports Dow Jones NewsWires.

• PowerShares DB Crude Oil Double Short ETN (DTO): up 20.6% in the last month
• DB Commodity Double Short ETN (DEE): up 18.3% in the last month
• PowerShares DB Base Metals Double Short ETN (BOM): up 7.6% in the last month

Tags: Agriculture, BOM, Commodity ETFs, DEE, DTO, Energy, Financial, Homebuilders, KBE, Oil, Sector ETFs, SKF, XHB