© 2020 Arizent. All rights reserved.
FP112816_0.png
Clients who were in precious metals and energy in 2016 enjoyed the biggest category comeback stories of the year. In the case of energy, this was partly due to plunging oil prices in 2014 and 2015, which created a low base for a subsequent percentage increase. Commodities were also helped by unexpectedly strong growth in China, as well as OPEC's deal with member nations, said Tom Roseen, head of research services at Lipper.

Still, though, when taking a longer-term view of three to five years, both energy and precious metals are still down, notes Andrew Daniels, equity strategies analyst at Morningstar.

Another notable result was the small-cap comeback, Daniels said. Those smaller companies have historically outperformed large-caps, although that has not been the case over the previous couple of years. He noted that the potential for fiscal stimulus (spending on infrastructure as one example) can create potential growth for small-caps.

Lipper's Roseen summed up by saying that chasing performance can be hazardous to a client's portfolio, noting that "last year’s cellar dwellers turned into this year’s darlings."

Scroll through to see all the big comeback market stories. Comebacks were measured by the largest percentage point increase in 2016 year-to-date performance over 2015 performance. All data is from Morningstar.
FP12816_20.png
20. Miscellaneous Region
2015 Return: -7.34%
2016 YTD Return: 7.72%
Differential in 2015 & 2016 YTD Returns (% Points): 15.06
Net Assets (millions): $3,511
FP12816_19.png
19. Infrastructure
2015 Return: -9.31%
2016 YTD Return: 6.62%
Differential in 2015 & 2016 YTD Returns (% Points): 15.93
Net Assets (millions): $12,175
FP12816_18.png
18. High Yield Bond
2015 Return: -4.12%
2016 YTD Return: 12.05%
Differential in 2015 & 2016 YTD Returns (% Points): 16.17
Net Assets (millions): $263,768
FP12816_17.png
17. Financial
2015 Return: -0.83%
2016 YTD Return: 16.40%
Differential in 2015 & 2016 YTD Returns (% Points): 17.23
Net Assets (millions): $8,666
FP12816_16.png
16. Large Value
2015 Return: -3.86%
2016 YTD Return: 13.48%
Differential in 2015 & 2016 YTD Returns (% Points): 17.34
Net Assets (millions): $877,860
FP12816_15.png
15. Mid-Cap Blend
2015 Return: -4.56%
2016 YTD Return: 13.83%
Differential in 2015 & 2016 YTD Returns (% Points): 18.39
Net Assets (millions): $254,364
FP12816_14.png
14. Utilities
2015 Return: -10.21%
2016 YTD Return: 9.35%
Differential in 2015 & 2016 YTD Returns (% Points): 19.56
Net Assets (millions): $21,591
FP12816_13.png
13. Industrials
2015 Return: -4.57%
2016 YTD Return: 17.21%
Differential in 2015 & 2016 YTD Returns (% Points): 21.78
Net Assets (millions): $3,740
FP12816_12.png
12. Diversified Emerging Mkts
2015 Return: -13.67%
2016 YTD Return: 8.31%
Differential in 2015 & 2016 YTD Returns (% Points): 21.99
Net Assets (millions): $291,993
FP12816_11.png
11. Trading-Leveraged Equity
2015 Return: -5.51%
2016 YTD Return: 17.04%
Differential in 2015 & 2016 YTD Returns (% Points): 22.55
Net Assets (millions): $3,221
FP12816_10.png
10. Mid-Cap Value
2015 Return: -5.19%
2016 YTD Return: 17.49%
Differential in 2015 & 2016 YTD Returns (% Points): 22.68
Net Assets (millions): $190,381
FP12816_9.png
9. Emerging Markets - Local Curre
2015 Return: -14.69%
2016 YTD Return: 8.08%
Differential in 2015 & 2016 YTD Returns (% Points): 22.77
Net Assets (millions): $8,098
FP12816_8.png
8. Small Blend
2015 Return: -5.38%
2016 YTD Return: 19.85%
Differential in 2015 & 2016 YTD Returns (% Points): 25.24
Net Assets (millions): $215,295
FP12816_7.png
7. Small Value
2015 Return: -6.63%
2016 YTD Return: 24.57%
Differential in 2015 & 2016 YTD Returns (% Points): 31.20
Net Assets (millions): $106,667
FP12816_6.png
6. Commodities Broad Basket
2015 Return: -23.44%
2016 YTD Return: 12.54%
Differential in 2015 & 2016 YTD Returns (% Points): 35.98
Net Assets (millions): $25,818
FP12816_5_edited-1.png
5. Natural Resources
2015 Return: -22.12%
2016 YTD Return: 28.35%
Differential in 2015 & 2016 YTD Returns (% Points): 50.47
Net Assets (millions): $21,879
FP12816_4_edited-1.png
4. Latin America Stock
2015 Return: -30.48%
2016 YTD Return: 21.68%
Differential in 2015 & 2016 YTD Returns (% Points): 52.17
Net Assets (millions): $1,906
FP12816_3_edited-1.png
3. Energy Limited Partnership
2015 Return: -33.48%
2016 YTD Return: 21.52%
Differential in 2015 & 2016 YTD Returns (% Points): 55
Net Assets (millions): $25,578
FP12816_2_edited_1.png
2. Equity Energy
2015 Return: -27.13
2016 YTD Return: 29.61%
Differential in 2015 & 2016 YTD Returns (% Points): 56.73
Net Assets (millions): $21,634
FP12816_1_edited-1.png
1. Equity Precious Metals
2015 Return: -23.21%
2016 YTD Return: 54.75%
Differential in 2015 & 2016 YTD Returns (% Points): 77.95
Net Assets (millions): $13,118