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