The worst performing non-leveraged ETFs over the past month include the C-Tracks on Citit Volatility Index ETN (NYSEArca: CVOL) down 20.0%, Global X Nigeria Index ETF (NYSEArca: NGE) down 14.6% and iPath Pure Beta Energy ETN (NYSEArca: ONG) down 13.1%.
The equities market enjoyed steady gains through November as positive economic data and good earnings results kept the momentum going. Additionally, the markets rallied early in the month, following the expected sweeping mid-term victory for the GOP.
In mid-November, economic data revealed solid retail sales and rising consumer confidence as gasoline prices continue to fall, providing an early signal of how the holiday shopping season could play out.
The Federal Reserve also revealed its minutes from the October FOMC, which revealed a slightly dovish tone without a indication of when rates will increase. Additionally, the Fed pointed to low inflation for the short-term due to falling energy prices.
Toward the end of the month, China announced a surprise rate cut while the European Central Bank promised more aggressive stimulus measures, lifting broad equities.
During the last week, trading was relatively subdued ahead of the Thanksgiving holiday, but the markets experienced some volatility on the last trading day, notably a swift drop in the energy sector, after the Organization of Petroleum Exporting Countries announced no changes to its supply target.
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Max Chen contributed to this article.