Fund Returns: iShares Tech Plays Up, Oil Falls - Mid-Cap Winners And Losers
Portfolio Pulse from Johnny Rice
A screening of mid-cap ETFs revealed that iShares Expanded Tech Sector ETF (IGM) and iShares Russell Top 200 Growth ETF (IWY) had the largest positive returns over the trailing week, while Vanguard Extended Duration Treasury ETF (EDV) and VanEck Oil Services ETF (OIH) had the largest negative returns. IGM and IWY are up 2.68% and 2.34% respectively, while EDV and OIH are down 6.17% and 5.78% respectively.
October 10, 2023 | 8:59 pm
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POSITIVE IMPACT
iShares Expanded Tech Sector ETF (IGM) is up 2.68% over the trailing week. The fund's largest holdings are Alphabet Inc. Class A (GOOGL) and Apple Inc. (AAPL).
The positive return of IGM over the trailing week indicates a positive short-term impact on the ETF. The performance of its largest holdings, GOOGL and AAPL, could have contributed to this.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
iShares Russell Top 200 Growth ETF (IWY) is up 2.34% over the trailing week. The fund's largest holdings are Apple Inc (AAPL) and Microsoft Corporation (MSFT).
The positive return of IWY over the trailing week indicates a positive short-term impact on the ETF. The performance of its largest holdings, AAPL and MSFT, could have contributed to this.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vanguard Extended Duration Treasury ETF (EDV) is down 6.17% over the trailing week.
The negative return of EDV over the trailing week indicates a negative short-term impact on the ETF.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
VanEck Oil Services ETF (OIH) is down 5.78% over the trailing week. The fund's largest holdings are Schlumberger N.V. (SLB) and Halliburton Company (HAL).
The negative return of OIH over the trailing week indicates a negative short-term impact on the ETF. The performance of its largest holdings, SLB and HAL, could have contributed to this.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100