5 Top ETFs to watch
Solar ETFs shine
The Guggenheim Solar ETF (TAN) is having one of the most memorable runs of any ETF ever, with a year-to-date return of 141 percent. It’s one thing to outpace all the other nonleveraged ETFs, but TAN is now beating all the leveraged and inverse ETFs too — such as ProShares Ultra Nasdaq Biotechnology (BIB), up 128 percent, and Direxion Daily Healthcare Bull 3x, (CURE) up 126 percent.
We covered TAN back in May when it was up 41 percent. Even that gain was a bit of a shock given the ETF's earlier near-death experience. Until the end of last year, TAN'S return since inception was -91 percent. Everyone thought its initial run was a prolonged dead-cat bounce, but TAN’s consistency has silenced the skeptics. We'll see if that continues.