This week’s steepest decliners included volatility-linked ETFs such as Path S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) on relief over the budget compromise. [Volatility ETFs Slide, VIX Drops Below 14 After Employment Report]
Meanwhile, Treasury ETFs fell sharply as yields on the 10-year note rose above 1.9% on Friday. [Treasury Bond ETF Still Falling After Jobs Update]
Excluding volatility products, the top three unleveraged ETFs over the past five sessions were Guggenheim Solar Energy (NYSEArca: TAN), Market Vectors Vietnam (NYSEArca: VNM) and PowerShares Wilderhill Clean Energy (NYSEArca: PBW) with gains of 9% or more. [Alternative Energy ETFs Win in Fiscal Cliff Deal]
The bottom three unleveraged ETFs were PIMCO 25+ Year Zero Coupon U.S. Treasury (NYSEArca: ZROZ), Vanguard Extended Duration Treasury (NYSEArca: EDV) and Proshares Short Russell 2000 (NYSEArca: RWM).
In next week’s economic data, look for reports on consumer credit, small business confidence, the Federal Reserve’s balance sheet, the trade deficit, import and export prices, and the Treasury budget.