The S&P 500 was on track for a weekly decline of 1.3% in afternoon trade Friday, while the Dow dropped 1.2% and the Nasdaq Composite fell 1.4%.
The top three unleveraged ETFs this week were VXX, VIXY and VIIX with gains of at least 6%.
Excluding volatility products, the bottom three unleveraged ETFs this week were First Trust ISE-Revere Natural Gas Index Fund (NYSEArca: FCG), SPDR Oil & Gas Exploration & Production (NYSEArca: XOP) and Global X Uranium ETF (NYSEArca: URA) with declines of at least 2%.
In next week’s economic data, look for reports on motor vehicle sales, manufacturing, construction spending, the latest Fed meeting minutes, and factory orders. The main event will be Friday’s employment report for December. Markets are closed Tuesday for New Year’s Day.