The CBOE Volatility Index, or VIX, along with related ETFs, are also thriving on the market’s misfortunes.
Furthermore, the worsening global outlook has pulled on riskier commodities. West Texas Intermediate crude oil plunged from above $100 per barrel to about $88 at the end of the month. Meanwhile, gold prices dipped 6% over May, with gold spot prices now hovering around $1,560 per ounce. [Gold ETFs Down 6% in May on Dollar Surge]
As expected, top performing ETFs in May include those that track market volatility and safe-haven U.S. assets, including the VIX, long-term Treasuries and the U.S. dollar.
For more information on ETF performances, visit our ETF performance reports category. Click here to see the full May performance report.
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Max Chen contributed to this article.