Engineering & Construction ETFs

Engineering & Construction ETFs
  • Pininvest Analysis

The selected ETFs highlight various engineering activities, related to infrastructure and to home building, with preference for developed markets, the US and globally


The comparison between funds focused on distinct areas - emerging markets / global markets / specialized engineering - reflects investor perception , flight to safety or cyclical sector rotation

  • There appears to be very little appetite for emerging market infrastructure funds. Only one small emerging country infrastructure fund, iShares S&P Emerging Markets Infrastructure Index Fund [asset ticker="EMIF" mnemonic="NASDAQ"]  is listed as country-specific funds for Brazil, China, India and Columbia have been closed
  • Specialized exposure in engineering and construction , covered globally by FLM or US focused (AIRR or PKB), has only attracted modest interest but appears most sensitive to US infrastructure policies 

Global infrastructure funds feature solid assets under management  - foremost IGF - poor performance over the past year reflects the dismal impact of the pandemic on the global economy


Home builders - ITB and XHB - are more focused and could turn out to be relevant indicators of trends on the US market


The funds included in the selection closely mirror shifts in economic expectations, as shown by performance  for short time frames (past quarter or past month)

Engineering & Construction ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
First Trust Global Engineering and Construction ETF FLM NYSEARCA Industrial Goods Construction & Engineering USD 55.06 6.8 M 36.4% Neutral 19%   10% -9%
First Trust RBA American Industrial Renaissance ETF AIRR NASDAQ Industrial Goods Construction & Engineering USD 41.20 52 M 77.1% Neutral 27%   14% -10%
Invesco Dynamic Building & Construction ETF PKB NYSEARCA Industrial Goods Construction & Engineering USD 49.19 101 M 67.7% Weak Down 25%   14% -13%
iShares S&P Emerging Markets Infrastructure Index Fund EMIF NASDAQ Emerging Markets InvestableMkt Sectors USD 25.01 19 M 13.4% Neutral 19%   7% -14%
iShares S&P Global Infrastructure Index Fund IGF NASDAQ Global Markets Infrastructure USD 46.29 3.3 B 23.2% Neutral 16%   8% -7%
iShares U.S. Home Construction ETF ITB BATS Consumer Discretionary Homebuilding USD 68.03 1.4 B 59.2% Weak Down 31%   14% -14%
iShares US Infrastructure ETF IFRA BATS Industrial Goods Construction & Engineering USD 35.54 6.3 M 53.9% Neutral 21%   11% -10%
SPDR S&P Global Infrastructure ETF GII NYSEARCA Global Markets Infrastructure USD 53.25 401 M 23.9% Neutral 16%   8% -7%
SPDR® S&P® Homebuilders ETF XHB NYSEARCA Consumer Discretionary Homebuilding USD 71.74 716 M 69.4% Neutral 25%   13% -12%