Sectors In Review: December 2019

Sectors In Review: December 2019

A few sector ETFs faltered during the month

Reviewed by: Heather Bell
Edited by: Heather Bell

With the exception of energy, consumer noncyclicals and utilities, sector ETFs had a mostly positive month in October. The top gainers were all in the health care space, with the iShares U.S. Healthcare Providers ETF (IHF) leading the way, with a 9.07% increase. It was followed by the iShares NASDAQ Biotechnology ETF (IBB), up 7.73%; and the Health Care Select Sector SPDR Fund (XLV), up 5.09%. Energy led the losers, with the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) down 5.44%, the iShares U.S. Oil Equipment & Services ETF (IEZ) down 4.54% and the Invesco Dynamic Food & Beverage ETF (PBJ) down 3.83%. Outflows were stronger than inflows during the month, with the Materials Select Sector SPDR Fund (XLB) losing $815.2 million, the Consumer Staples Select Sector SPDR Fund (XLP) losing $566.8 million and the iShares U.S. Real Estate ETF (IYR) losing $342.1 million. XLV had the most inflows, pulling in $442.4 million; while the Financial Select Sector SPDR Fund (XLF) was close behind, gaining $415.3 million; and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained $336.5 million.




For a larger view, please click on the image above.


Sources: Bloomberg and FactSet. Data from 09/30/2019 to 10/31/2019. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF Classification System.


Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.