Someone who slept through the year could be forgiven for thinking that nothing happened during the time frame since the nearly unchanged value belies a very volatile trading atmosphere.

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The value was unchanged because prices for coffee, cotton, coal and iron ore fell.

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Despite prices becoming discounted, the underlying value remains unchanged.

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All other things equal, the mining of that tonne might raise the value of the coal that remains in the ground, leaving the value of coal assets unchanged.

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When rates rise, the value of the assets goes down while the value of the liabilities remains unchanged.

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The price of any asset may rise or fall, but unless value is added or taken away from the asset the real value of the asset remains unchanged.

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When they do, the value of longer-term debt instruments will fall, while the value of bank reserves will be unchanged.

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According to the ETF Finder at ETF Channel, SFD and OI collectively make up 1.06% of the Fundamental Pure Mid Value Portfolio ETF (PXMV) which is relatively unchanged on the day Wednesday.

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According to the ETF Finder at ETF Channel, WGL and ANR collectively make up 1.13% of the iShares Morningstar Small Value Index Fund ETF (JKL) which is relatively unchanged on the day Monday.

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