Industrials Broad Sector ETFs

Industrials Broad Sector ETFs
  • Pininvest Analysis

Broad coverage of the industrial goods sector is – perhaps inevitably – average and the size of the industrial conglomerates – themselves quite diversified – may well explain performance aligned with the domestic US economy

Highlights of the theme are linked to industries correlated to global forces and less closely connected to domestic economic trends

  • Geopolitical factors will – to a large degree – determine the performance (and volatility) of the Aerospace & Defense sector – and the 3 related funds have only caught up from poor performance since Nov. '20
  • Automobile industries, covered by First Trust NASDAQ Global Auto Index Fund CARZ/NASDAQ have returned in favor,  as the potential of the EV (electrical vehicles), buoyed by Tesla and by holdings in Chinese car makers, breathes new life in the legacy manufacturers

Performance and volatility of funds invested in the entire US industrial sector (FIDU, XLI, VIS) can be expected to track economic forecasts while factor-based selections (multifactor JHMI or FXR, size and equalweighted RGI) are contingent on an investment model 

The performance of Invesco's Industrials Momentum (PRN) is most likely to echo global market trends, as occurred in 2020

 

The theme is not an investment recommendation and should assist the investor in the selection of the industrial fund in accordance with market perception and  portfolio diversification 

Industrials Broad Sector ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Vol. Risk Contrib. MDD
 
Fidelity® MSCI Industrials ETF FIDU NYSEARCA Industrial Goods InvestableMkt US Cies USD 48.89 411 M 24.0% 40%   7% -37%
First Trust Industrials/Producer Durables AlphaDEX® Fund FXR NYSEARCA Industrial Goods InvestableMkt US MultiFactors USD 53.54 271 M 31.2% 41%   7% -38%
First Trust NASDAQ Global Auto Index Fund CARZ NASDAQ Industrial Goods InvestableMkt Global USD 54.46 17 M 66.0% 42%   7% -37%
Industrial Select Sector SPDR® Fund XLI NYSEARCA Industrial Goods InvestableMkt US Cies USD 91.56 9.3 B 20.2% 40%   7% -36%
Invesco Aerospace & Defense ETF PPA NYSEARCA Industrial Goods Aerospace & Defense USD 68.27 1.1 B 2.4% 41%   7% -38%
Invesco DWA Industrials Momentum ETF PRN NASDAQ Industrial Goods InvestableMkt Momentum USD 99.94 81 M 47.7% 38%   6% -30%
Invesco S&P 500 Equal Weight Industrials ETF RGI NYSEARCA Industrial Goods InvestableMkt Equal Weight USD 163.71 211 M 28.5% 39%   7% -36%
Invesco S&P SmallCap Industrials Portfolio PSCI NASDAQ Industrial Goods InvestableMkt Size USD 90.22 51 M 38.7% 48%   8% -38%
iShares Dow Jones US Industrial Sector Index Fund IYJ BATS Industrial Goods InvestableMkt US Cies USD 100.10 837 M 26.1% 38%   7% -35%
iShares Global Industrials ETF EXI NYSEARCA Industrial Goods InvestableMkt Global USD 110.32 223 M 22.5% 35%   6% -34%
iShares U.S. Aerospace & Defense ETF ITA BATS Industrial Goods Aerospace & Defense USD 97.38 4.8 B -8.4% 48%   8% -45%
JHancock Multifactor Industrials ETF JHMI NYSEARCA Industrial Goods InvestableMkt US MultiFactors USD 46.05 26 M 23.8% 38%   7% -36%
SPDR S&P Aerospace & Defense ETF XAR NYSEARCA Industrial Goods Aerospace & Defense USD 121.05 1.9 B 15.3% 47%   8% -40%
Vanguard Industrials Index Fund VIS NYSEARCA Industrial Goods InvestableMkt US Cies USD 177.48 3.2 B 23.4% 40%   7% -37%