Macro ETFs By Rank: FDRXX, TBIL, BUXX, TFLO, UUP, IVOL, PFIX, RINF, GLD, DWSH, BTAL, AAAU, URNM, CTA, DBC, URA, XOP, SHY, CANE, USO, NLR, KBWP, IAK, FCG, INDA, AMLP, SMIN, SIVR, PSCE
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The table below shows the current re-rank as of 11/3/2023 versus the ranking 1-week ago and 1-month ago. In the callouts below, we also compare today (11/3/2023) to five days and 1-month ago. Below are the list’s top and bottom movers. For the essential Macro insights that drive all of the investment conclusions below, watch our Quarterly Investment Outlook here.
1-Week Re-Rank History & Callouts
- Top Movers: GLD (+16), RINF (+14), BTAL (+10), IVOL (+9), DBC (+8)
- Bottom Movers: PSCE (-21), AMLP (-17), CTA (-10), NLR (-10), USO (-10), XOP (-10), KBWP (-10)
1-Month Re-Rank History & Callouts
- Top Movers: GLD (+16), PFIX (+14), AAAU (+12), CTA (+8), URNM (+3)
- Bottom Movers: IAK (-19), AMLP (-18), NLR (-15), INDA (-15), PSCE (-12)
Change versus Prior Rank: A ticker is listed as "N/A" when a ticker had no prior rank over the 1-week ago or 1-month ago duration. A ticker is listed as "0" when that ticker is unchanged versus prior rank.
*Position Sizing Guidelines: The guidelines above are general and suggestions based on how Hedgeye CEO Keith McCullough thinks about position sizing at the asset class level. As always, investors should choose their own parameters and volatility adjust their positions. To learn more about our position sizing and how to best implement our repeatable risk management process visit Hedgeye University.
5-DAY RE-RANK HISTORY
The tables below show the current re-rank as of 11/3/2023 versus the ranking over the previous five days.
3-MONTH RE-RANK HISTORY
The table below shows the current re-rank as of 11/3/2023 versus the ranking over the previous 1-day, 1-week, 1-month, and 3-month durations.
ETF Re-Rank and Portfolio Solutions are not investment advisory services and do not purport to tell or suggest which financial instruments subscribers should buy, sell, or hold for his/herself or on behalf of anyone. ETF Re-rank is not a model portfolio and does not provide specific or tailored actionable timing and sizing designed to be relied upon by subscribers. ETF Re-Rank is limited to only long fund positions and are not representative of all positions held by Keith McCullough in other accounts. ETF Re-Rank is not an offer or solicitation to invest money with Hedgeye or Keith McCullough. Hedgeye does not provide asset management services to individual investors. Hedgeye is not a broker dealer and does not make securities available for purchase. This product is not an offer to buy, or a solicitation to sell, any security. Keith McCullough may adjust his long-only account throughout the day and those adjustments will not be captured in the ETF Re-Rank and may alter the rankings of the positions in the long-only account between publications. Commentary relating to adjustments to the ETF Re-rank are for illustrative purposes and are not representative of all adjustments made to the long only account.
Be sure to read the full ETF Re-Rank and Portfolio Solutions product specific disclaimer here.