Unmasking Q2 2023's Stars & Strugglers: Industry ETFs And Top Stock Standouts
Portfolio Pulse from Piero Cingari
Q2 2023's top performing industry ETFs include ITB, SMH, IGV, JETS, and FDN, while the worst performers are TAN, PBW, KRE, XME, and MOO. The best and worst stocks within these ETFs have also been identified.
June 27, 2023 | 1:33 pm
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NEGATIVE IMPACT
Invesco Solar ETF (TAN) is the worst performing industry ETF in Q2 2023, with an 11.8% decline, dragged down by ENPH, FSLR, and SEDG.
TAN is the worst performing industry ETF in Q2 2023, with an 11.8% decline. The worst three stock contributors to its performance are ENPH, FSLR, and SEDG, which have significantly contributed to the ETF's poor performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
iShares U.S. Home Construction ETF (ITB) is the top performing industry ETF in Q2 2023, with a 16.7% gain, led by DHI, LEN, and PHM.
ITB is the top performing industry ETF in Q2 2023, with a 16.7% gain. The top three stock contributors to its performance are DHI, LEN, and PHM, which have significantly contributed to the ETF's strong performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is up 6% in Q2 2023, with top performing industry ETFs outpacing the overall market.
The SPY ETF represents the overall market performance, and the article highlights the top and worst performing industry ETFs in comparison to the market. The top performers have outpaced the market, while the worst performers have lagged behind.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100