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Asset Class: Industrials Sector
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Oldest ETF back tested: The Industrial Select Sector SPDR® Fund (XLI)
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Correlation to U.S. Stock Market: 0.89
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Long-Term Performance: 8.27% CAGR
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S&P 500 Performance: 7.46% CAGR
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Back test timeframe: January 1999 – December 2023
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Number of ETFs available in this asset class: 30
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Number of ETFs in this asset class that are 10-years old or older: 17
XLI vs SPY: January 1999 – December 2023
XLI vs SPY: December 22, 1998 – January 12, 2024
The Deep Value ETF Accumulator rankings for the 17 oldest Industrials Sector ETFs:
The 5 top ranked Industrials sector ETFs head-to-head comparisons:
PPA vs XAR vs ITA vs RSPN vs PRN: October 2011 – December 2023
PPA vs XAR vs ITA vs RSPN vs PRN: September 29, 2011 – January 12, 2024
Stated objectives of 5 top ranked Industrials sector ETFs:
PPA – The Invesco Aerospace & Defense ETF (Fund) is based on the SPADE™ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.
XAR – The SPDR® S&P® Aerospace & Defense ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Aerospace & Defense Select Industry® Index (the “Index”). Seeks to provide exposure to the Aerospace & Defense segment of the S&P TMI, which comprises the following sub-industries: Aerospace & Defense. Seeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocks. Allows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing. The S&P Aerospace & Defense Select Industry® Index represents the aerospace & defense segment of the S&P Total Stock Market IndexTM. The Index is modified equal weighted.
ITA – The iShares U.S. Aerospace & Defense ETF seeks to track the investment results of an index composed of U.S. equities in the aerospace and defense sector. Exposure to U.S. companies that manufacture commercial and military aircrafts and other defense equipment. Targeted access to domestic aerospace and defense stocks. Use to express a sector view.
RSPN – The Invesco S&P 500® Equal Weight Industrials ETF (Fund) is based on the S&P 500® Equal Weight Industrials Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the industrials sector of the S&P 500® Index. The Fund and the Index are rebalanced quarterly.
PRN – The Invesco Dorsey Wright Industrials Momentum ETF (Fund) is based on the Dorsey Wright® Industrials Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security’s performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.
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Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Disclosure: We currently own shares of XAR and we intend to buy more shares in the future. 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 Google AdSense.