Wall Street suffered one of its worst weeks since the financial crisis with all the three major indices declining more than 5% each, marking their worst loss in more than two years. Meanwhile, the CBOE Volatility Index (VIX), also known as the fear gauge, hit the highest level in a year.

After dropping more than 3% on Feb 5 and Feb 8, the Dow and S&P 500 fell into a correction territory (a decline of more than 10% from their last peak reached in late January) but rebounded from that level on Feb 9. At the lower levels, the S&P 500 shed about $2.5 trillion in its value from Jan 26 and nearly half of its sectors are down more than 10%.

The sharp selloff came on the heels of a better-than-expected jobs report that has ignited inflation fears and the resultant expectation for faster-than-expected rate hikes. This has led to a sharp rise in bond yields, making the equities unattractive. Further, a pick-up in economic growth across many developed and developing countries pushed up chances of an end to the cheap monetary policy era outside United States. All these are weighing heavily on the bull market, which is drawing closer to its ninth anniversary.

The rout has spread to the stock market across the globe. This is especially true as the FTSE All-World tumbled 6.2% last week, which was among the worst weekly performances since September 2011. This has wiped out more than $5 trillion in value from the global stock market, according to S&P Dow Jones Indices.

However, the bullish sentiment for stocks remains intact given accelerating global economic growth, euphoria surrounding the new tax legislation and strong corporate earnings. Growth in the U.S. economy has been solid, buoyed by an impressive labor market, higher wages, increasing consumer spending and high consumer confidence.

Against such a volatile backdrop, a few ETFs saw a huge spike in the week while several were laggards. Below, we have highlighted some of them:

Best ETFs