澳洲幸运5开奖号码历史查询

Top 5 ETFs of 2023

Technolo🧜gy ETFs Have Generated the Best YTD Returns in 2023

Technology exchange-traded funds (ETFs) outperformed this year as 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) gained widespread adoption. Investors were more optimistic about an economic 澳洲幸运5开奖号码历史查询:soft landing𒐪 in😼 2024, underpinned by moderating prices and continued economic growth.

Key Takeaways

The top-performing funds of 2023 have significant exposure to companies at the forefront of AI, such as Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL), and NVIDIA Corp. (NVDA). The growth in AI and 澳洲幸运5开奖号码历史查询:cloud computing applications helped fuel corporate earnings in the sector throughout the year. About 90% of technology companies surpassed earnings expectations in the third quarter.

For the economy overall, moderating consumer prices and a roꦦbust labor market raised hopes of a more dovish Federal Reserve and the avoidance of a recession in 2024.

The top five 2023 ETFs below generated the best YTD returns. Inverse and leveraged ETFs, along with funds that have 澳洲幸运5开奖号码历史查询:assets under management (AUM) of under $1 billion, were excluded from consid♏e༺ration. All data is as of Dec. 1, 2023.

Comm𓄧unicꦰation Services Select Sector SPDR Fund (XLC)

XLC aims at a similar return to the S&P Communication Services Select Sector Index, a 澳洲幸运5开奖号码历史查询:market-capitalization-weighted benchmark comprising U.S. telecommunication, media, and entertainment companies in the S&P 500.

The fund’s basket of 22 holdings includes Meta Platforms (META), Alphabet Class A (GOOGL) and Class C (GOOG), and Netflix (NFLX), along with HBO parent AT&T (T) and The Walt Disney Co. (DIS). XLC substantially gained from Meta’s 166.37% YTD return, as the tech giant had about a quarter of the ETF’s AUM.

澳洲幸运5开奖号码历史查询:iSh🅺ares Expanded Tech Secto𒆙r ETF (IGM)

  • Year-to-date return: 51.99%
  • Fund category: technologies equities
  • Expense ratio: 0.41%
  • Inception date: March 13, 2001
  • Issuer: BlackRock

The ETF aims to replicate the performance of the S&P North American Expanded Technology Sector Index, a market-cap-weighted benchmark made up of U.S. and Canadian technology companies. As the fund’s name suggests, it offers broad coverage of the North American tech sector with a 澳洲幸运5开奖号码历史查询:portfolio of 277 holdings.

IGM’s top three holdings—Microsoft (MSFT), NVIDIA (NVDA), and Apple (AAPL)—each weigh over 8%. NVIDIA’s approximately 265% gain since the start of 2023 helped generate the fund’s impressive YTD return.

澳洲幸运5开奖号码历史查询:Techn🐽ology Select Sector SPDR Fund (XLK)

  • Year-to-date return: 32.68%
  • Fund category: technology equities
  • Expense ratio: 0.10%
  • Inception date: Dec. 16, 1998
  • Issuer: State Street Global Advisors

XLK looks to generate returns that closely match the S&P Technology Select Sector Index. The benchmark includes 澳洲幸运5开奖号码历史查询:large-cap and megacap technology stocks in the S&P 500. Avoiding smaller, less stable technology names helps reduce the fund’s volatility.

The ETF made a heavy play on Microsoft and Apple, with each tech behemoth carrying a portfolio weight of 23.89% and 22.88%, respectively. That bet has paid off handsomely in 2023, with Microsoft up 57.29% YTD and Apple up 54.02% YTD.

澳洲幸运5开奖号码历史查询:iShares Expanded Tech-Software Se𝓡ctor ETF (IGV)

  • Year-to-date return: 55.22%
  • Fund category: technology equities
  • Expense ratio: 0.41%
  • Inception date: July 10, 2001
  • Issuer: BlackRock

The fund seeks to generate a return that corresponds to the performance of the S&P North American Expanded Technology Software Index, a market-cap-weighted benchmark comprising U.S. and Canadian software companies.

IGV’s portfolio of 115 holdings includes leading software names, such as Microsoft (MSFT) and Adobe (ADBE), as well as slightly smaller sector constituents like cybersecurity software maker Palo Alto Networks (PANW) and Synopsys (SNPS), a company focused on automation software.

澳洲幸运5开奖号码历史查询:Schwab U.S. Laꦡrge-Cap Growth ETF (SCHG)

  • Year-to-date return: 29.38%
  • Fund category: large-cap growth equities
  • Expense ratio: 0.04%
  • Inception date: Dec. 11, 2009
  • Issuer: Charles Schwab

SCHG seeks to provide returns similar to the following indices: the Dow Jones U.S. Large Cap Growth Total Stock Market Index and Large Growth Funds (Morningstar category).

The fund’s basket of over 250 holdings means it has broader coverage than the tracking index, providing exposure to the midcap growth space. Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) all feature prominently, with electric carmaker Tesla Inc. (TSLA) also in the ETF’s top 10 holdings. Technology services as a sector leads weightings at 43.89%, with healthcare the next largest sector at 13.36%.

The Bottom Line

Many funds and 澳洲幸运5开奖号码历史查询:ETFs have exposure to giants in the tech sector. The top ETF of 2023 is iShares Expanded Tech Software Sector ETF (IGV), with a YTD return of 355.22%. Technology ETFs outperformed their peers this year, driven by the widespread adoption of AI and expectations of a soft landing in the economy in 2024. Triple-digit percentage gains in some of the 澳洲幸运5开奖号码历史查询:tech sector’s biggest nam𝕴es underpinned the impressive performanღce of these five funds.

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As of the date this article was written, the author did not own any of the above ETFs.

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  2. State Street Global Advisors. “.”

  3. S&P Dow Jones Indices. “.”

  4. YCharts. “.”

  5. iShares by BlackRock. “.”

  6. S&P Dow Jones Indices. “.”

  7. YCharts. “.”

  8. State Street Global Advisors. “.”

  9. S&P Dow Jones Indices. “.”

  10. S&P Dow Jones Indices. “,” download🌜 Factsheet, Page 1𝕴 of PDF.

  11. YCharts. “.”

  12. YCharts. “.”

  13. iShares by BlackRock. “.”

  14. S&P Dow Jones Indices. “.”

  15. Charles Schwab Asset Management. “.”

  16. S&P Dow Jones Indices. “.”

  17. Morningstar. “.”

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