ETF Trends
ETF Trends

If mining exchange traded funds could express emotion, those that hold shares of gold and silver miners are probably counting the days until 2013.

As has been well-documented throughout this year, gold and silver mining ETFs have absorbed some brutal treatment. That is not surprising when the largest physically-backed gold and silver ETFs are down 26.1% and 34.6%, respectively.

Mining ETFs have been worse as the Market Vectors Gold Miners ETF (NYSEArca: GDX) and Global X Silver Miners ETF (NYSEArca: SIL) are each down more than 50% this year. [Another Bad Day for Mining ETFs]

Not all mining ETFs have struggled this year. A smaller, new entrant to the fray has been impressive and looks like a diamond in the rough. No pun intended. That ETF is the PureFunds ISE Diamond/Gemstone ETF (NYSEArca: GEMS), which in layman’s terms is the diamond equivalent of an GDX or SIL. Except for when it comes to returns. [A Precious Gems ETF for the Holidays]

Over the past six months, GDX and SIL are down an average of 19.2%. Over that same time, GEMS has jumped 14.5%. Earlier this month, GEMS added one of the biggest names in the diamond business to its 25-stock lineup.

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