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Market Extra: Here are the biggest ETF winners and losers of 2016

The relatively solid gains that U.S. equity markets enjoyed over 2016 masks what a volatile and uncertain year it was across the globe.

Wall Street began January with its worst year-opening performance ever, and it subsequently weathered such unprecedented events as the United Kingdom voting to leave the European Union and the election of Donald Trump in the U.S., as well as factors it hasn’t dealt with in ages, including an extended earnings recession and the prospect of a year with multiple interest rate increases by the Federal Reserve.

While the S&P 500 ended the year up 9.5%, trading near its highs of the year (which are also record levels) it at one point fell as much as 11.4% on an intraday basis.

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