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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. | Vol. | Risk Contrib. | MDD |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Equal Weight Technology ETF | RYT | NYSEARCA | Technology | Equal Weighted | USD | 235.10 | 1.6 B | 25.3% | 39% | 19% | -34% |
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| iShares Dow Jones US Technology ETF | IYW | NYSEARCA | Technology | Market-Cap Weighted | USD | 315.20 | 4.6 B | 43.7% | 39% | 20% | -30% |
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| iShares Global Tech ETF | IXN | NYSEARCA | Technology | Global-Mkt Innovation | USD | 275.25 | 3.0 B | 39.4% | 40% | 20% | -31% |
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| SPDR Technology Select Sector Fund | XLK | NYSEARCA | Technology | Market-Cap Weighted | USD | 120.08 | 25 B | 40.1% | 40% | 20% | -31% |
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| Vanguard Information Technology Index Fund | VGT | NYSEARCA | Technology | Market-Cap Weighted | USD | 325.24 | 25 B | 41.3% | 39% | 20% | -32% |
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