Equity: Global Technology

SOCL Top Performer Intra-day
Price $54.22
Today’s Change 1.73%
4:00pm 10/23/2020
TDIV Bottom Performer Intra-day
Price $44.49
Today’s Change -0.80%
3:59pm 10/23/2020

ETF.com Insight

With 22 ETFs and over $17.27B in combined AUM, the Equity: Global Technology segment provides exposure to the space with a focus on securities.

Year-to-date, the best-performing ETF in the segment is the ARK Fintech Innovation ETF (ARKF), with a total return of 77.78%. Meanwhile, the most popular ETF is the iShares Global Tech ETF (IXN) with $4.45BB in assets under management.

Investors should take a look at the iShares Global Tech ETF (IXN). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. IXN tracks a market-cap-weighted index of S&P Global 1200 technology stocks. IXN has an expense ratio of 0.46% and tracks the S&P Global 1200 Information Technology Sector Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Equity: Global Technology segment is 86 out of 100, with the Global X FinTech ETF(FINX) obtaining the highest rating of 94 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.59% per year, with the Defiance Quantum ETF (QTUM) having the lowest expense ratio, charging investors 0.40% yearly.

Investors should look for funds with tight tracking, such as the iShares Global Tech ETF (IXN), with a 12-month median tracking difference of -0.14%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Equity: Global Technology segment is 76 out of 100, with the First Trust NASDAQ Technology Dividend Index Fund(TDIV) obtaining the highest rating of 98 out of 100.

The Global X Cloud Computing ETF (CLOU) is the undisputed segment leader when it comes to liquidity. The fund trades 34.49M in daily average volume. Investors should also find ample liquidity in the ARK Fintech Innovation ETF (ARKF), with $27.06M in daily dollar volume.

Use limit orders to trade funds such as the Wedbush ETFMG Global Cloud Technology ETF(IVES), due to their double-digit market spreads.

ETF.com/ Block Liquidity

CLOU
5
4
3
2
1
TDIV
5
4
3
2
1
CIBR
5
4
3
2
1
ARKF
5
4
3
2
1
IXN
5
4
3
2
1
IHAK
5
4
3
2
1
XT
5
4
3
2
1
FINX
5
4
3
2
1
SNSR
5
4
3
2
1
SOCL
5
4
3
2
1
BUG
5
4
3
2
1
DTEC
5
4
3
2
1
GDAT
5
4
3
2
1
QTUM
5
4
3
2
1
IQM
5
4
3
2
1
LOUP
5
4
3
2
1
TPAY
5
4
3
2
1
HACK
5
4
3
2
1
IPAY
5
4
3
2
1
PRNT
5
4
3
2
1
IVES
5
4
3
2
1
BTEK
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The Thomson Reuters Global Technology has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to IXN. This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, BUG follows a Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology