The Dow Transportation Index hit a new high for the year on Friday as transport stocks continue to outperform the broader market in 2010. The Dow Jones Transportation Average Index Fund (IYT) is up 25% on the year compared to plus 10% for the S&P 500.
In a market that is down for the year and continues to present an uncertain outlook, which ETFs have managed to hold onto their value at this point in the year? Setting aside the volatile energy and commodities sectors and the idea of shorting financials, we were still able to find five ETF categories that are unchanged or even higher from January levels.