There are various theories regarding buying a previous year’s laggards with the expectation that the new year will bring better results.
Call it the “trash to treasure” theory. As is the case with all market theories, last year’s rubbish turning to this year’s gold is not 100% foolproof.
For example, solar ETFs were among last year’s worst performers. That trend reversed course this year as the Guggenheim Solar ETF (NYSEArca: TAN) is 2013’s top-performing sector ETF. [Seduced by Solar ETFs]
Other ETFs that struggled last year, particularly those with ties to mining of precious and base metals, have struggled this year. In fact, some of those funds have been worse performers this year than they were in 2013. [Gold Mining ETFs not so Golden]
With that in mind, here is a look at how 2012’s 10 best sector ETFs are performing in 2013.