Granted it’s only December 20th but it’s highly unlikely things are going to change dramatically in the next 10 days. This is especially true with the #1 performing ETF of 2010 which is the Double Silver ETF – AGQ. AGQ is up a stunning 137% YTD which puts it in a category all by itself, no other ETF registered a 100% gain this year. In fact, the top 10 ETFs were totally dominated by Silver, Gold and the Internet.

Other top performing ETFs of 2010 were:

BHH – up 71% but trades for less than $1 and only contains 2 stocks ARBA and ICMG

Several unleveraged Silver ETFs were next on the list. These include: SLV, SIVR, DBS and USV all up roughly 65% on the year.

Another Commodity ETN that had a banner year was the iPath Cotton based fund – BAL which was up just shy of 60%

Junior Gold Mining ETF – GDXJ was up 57.15% along with the Double Gold ETF – DGP being up 54.92% and UGL was up 51.41%

To round out the Top 10 is another Internet Holder – IIH (up 53.49%) which is dominated by 2 positions in Verisign and Akamai which both had stellar share appreciation this year.

Other stand outs were:

Emerging Markets ETF – THD (Thailand) up 51.30% as well as EPU (Peru) up 48.59%

The best performing Direxion 3x Leveraged ETF was their Real Estate Bull – DRN which was up 43.94%

After a strong 4th quarter many pundits are predicting a flat 2010 for the equity markets. This may be the case but I distinctly remember several of these same people calling for a flat to lower 2010. As with most years there are likely to be plenty of winners and lots of losers as well.