October has about a week left in it now, and this ‘scary’ month has actually seen the market rebound, with the S&P 500 (SPX) (SPY) up 6%+ month-to-date (mtd).

Looking at the exchange traded fund (ETF) landscape, there’s some interesting names on the top and bottom performers. We’re looking at ETFs that have over 500k average daily volume and are optionable/shortable. We also are looking for non-overlapping pure sector plays, no inverse/ultra/bear ETFs in this group.

The Winners

October’s top ETF winners include:

Many of these top gainers could be attributed to a rebound in commodities like Gold (GLD) and Crude Oil (USO). 

iShares MSCI Indonesia Investable Market Fund ETF (EIDO) is at the top of the heap for October and an interesting name not normally seen among the leaders. This ETF holds a variety of Indonesian companies. The most recent holdings data shows 50.7% of the ETF are in its Top 6 holdings (3 of which are banks):

Bank Central Asia (BBCA) 12.1%
Telekomunikasi Indonesia (TLKM) 10.1%
Astra International (ASII) 9.2%
Bank Rakyat Indonesia (BBRI) 8.7%
Bank Mandiri (BMRI) 6.3%
Unilever Indonesia (UINVR) 4.3%

The rest of the stock holdings in EIDO are below 3% individually.

Looking at the EIDO long-term chart below (encompasses all the data since the ETF’s inception), you can see below that the ETF peaked in 2013, then entered a range in much of 2014, before moving to new lows this year. 

EIDO Long-Term Weekly Chart