NEW YORK — The U.S. jewelry market is now one of the most-valued commodities on the planet, according to the most recent data from brokerage firm CME Group.CME Group’s Retail ETF (RX) has the No. 1 position, with a value of $3.6 trillion, according the data.
The other ETFs with a higher valuation are the S&P 500 Index (SPX) at $3 trillion and the Russell 2000 Index (RYM) at about $3 billion.
The Dow Jones Industrial Average (DJIA) is also up more than 8% this year and has gained more than 6% this week.
The average retail ETF price is about $40 a share.
The ETFs in the top 10 are the SPDR S&P 500 ETF, which has a value at $38.5 trillion, the Vanguard Total Stock Market ETF, at $35.5 billion and the Vanguard ETF of New York (VN) at more than $36 billion.
In the bottom 10, the most valuable ETFs are the Russell 1000 Index at $24.4 billion and Russell 2000 at less than $20 billion.
The market is up this year by 5.4% as more investors flock to the ETFs and the Dow has surged more than 10% in 2017.
The S&s are up 5.5% year over year and the SPS have risen more than 7% this month.
The top ETF, the SPDRS, has a market cap of $36.7 trillion.
Its value has increased by 14% this past year.
The SPDRS is up about 20% since it closed in March 2018.
The Vanguard S&p 500 ETF is up 9.9% this quarter and the VIX is up more 9.2%.