Index - Broad Technology ETFs

Index - Broad Technology ETFs
  • Pininvest Analysis

The performance of the small selection of ETFs with broad coverage in the technology sector, domestic and - with IXN, global - is skewed by the lop-sided performance in the equity market, much to the advantage of the sector

A few very large holdings dominate the selections - with Apple, Microsoft, Alphabet (Google) and Facebook taking up 50% of the asset allocations of each fund, except for RYT - Invesco's S&P500 Equal Weight 

RYT's equal weight allocation of less than 2% weights to the top performers impacts the fund's performance negatively today...and highlights the dominance of a very small cohort of tech stocks to drive the outsized performance of the sector

 

Our selection is not a recommendation but a tracker of the imbalance within the technology sector, which could some day lead to a sharp correction, 

Index - Broad Technology ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
 
Invesco S&P 500 Equal Weight Technology ETF RYT NYSEARCA Technology Equal Weighted USD 262.19 1.6 B 44.5% Neutral 39%   19% -27%
iShares Dow Jones US Technology ETF IYW NYSEARCA Technology Market-Cap Weighted USD 86.92 4.6 B 54.5% Neutral 39%   20% -24%
iShares Global Tech ETF IXN NYSEARCA Technology Disruptive Innovation USD 304.07 3.0 B 52.2% Neutral 39%   20% -25%
SPDR Technology Select Sector Fund XLK NYSEARCA Technology Market-Cap Weighted USD 130.69 25 B 49.2% Neutral 40%   20% -25%
Vanguard Information Technology Index Fund VGT NYSEARCA Technology Market-Cap Weighted USD 356.50 25 B 52.5% Neutral 39%   20% -25%