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Asset Class: Technology Sector
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Oldest ETF back tested: The Technology Select Sector SPDR® Fund (XLK)
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Correlation to U.S. Markets: 0.85
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Long-Term Performance: 7.70% CAGR
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S&P 500 Performance: 7.22% CAGR
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Back test timeframe: January 1999 – April 2022
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Number of ETFs available in this asset class: 113
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Number of ETFs in this asset class that are 10-years old or older: 25
XLK vs SPY: January 1999 – April 2022
XLK vs SPY: December 22, 1998 – May 13, 2022
The Deep Value ETF Accumulator rankings for the 25 oldest Technology sector ETFs (ALL):
The Deep Value ETF Accumulator rankings for the 11 oldest Technology sector ETFs (BROAD MARKET ONLY):
The 4 top ranked Technology sector ETFs head-to-head comparisons (ALL):
XLK vs IYW vs SOXX vs SMH: February 23, 2012 – May 13, 2022
The 4 top ranked Technology sector ETFs head-to-head comparisons (BROAD MARKET ONLY):
VGT vs XLK vs IYW vs IGM: January 30, 2004 – May 13, 2022
Stated objectives of the 6 top ranked Technology sector ETFs:
VGT – Vanguard Information Technology ETF. Seeks to track the performance of a benchmark index that measures the investment return of stocks in the information technology sector. Passively managed, using a full-replication strategy when possible and a sampling strategy if regulatory constraints dictate. Includes stocks of companies that serve the electronics and computer industries or that manufacture products based on the latest applied science.
XLK – The Technology Select Sector SPDR® Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Technology Select Sector Index (the “Index”). The Index seeks to provide an effective representation of the technology sector of the S&P 500 Index. Seeks to provide precise exposure to companies from technology hardware, storage, and peripherals; software; communications equipment; semiconductors and semiconductor equipment; IT services; and electronic equipment, instruments and components. Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing.
IYW – The iShares U.S. Technology ETF seeks to track the investment results of an index composed of U.S. equities in the technology sector. Exposure to U.S. electronics, computer software and hardware, and informational technology companies. Targeted access to domestic technology stocks. Use to express a sector view.
IGM – The iShares Expanded Tech Sector ETF seeks to track the investment results of an index composed of North American equities in the technology sector and select North American equities from communication services to consumer discretionary sectors. Broad exposure to the technology sector, and technology-related companies in the communication services and consumer discretionary sectors. Access to hardware, software, internet marketing, interactive media, and related companies. Use to express a view on North American technology-related companies.
SOXX – The iShares Semiconductor ETF seeks to track the investment results of an index composed of U.S.-listed equities in the semiconductor sector. Exposure to U.S. companies that design, manufacture, and distribute semiconductors. Targeted access to domestic semiconductor stocks. Use to express a sector view.
SMH – VanEck Semiconductor ETF (SMH®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®US Listed Semiconductor 25 Index (MVSMHTR), which is intended to track the overall performance of companies involved in semiconductor production and equipment.
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Previous Deep Value ETF Accumulator article on Technology sector ETFs:
4 Best Long-Term Performance Technology Sector ETFs 1.4
Disclosure: We currently own shares of FDN and we intend to sell these shares withing the next 72 hours. Additionally, we intend to open a new position in VGT withing the next 72 hours. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to M1 Finance and Google AdSense.