Sectors In Review: May 2019

Sector ETFs had a mixed experience during the month.

Reviewed by: Heather Bell
Edited by: Heather Bell

Sector ETF returns were muted during March, ranging from -6.32% for the Invesco KBW Bank ETF (KBWB) to 4.8% for the Technology Select Sector SPDR Fund (XLK). Worst performer KBWB was followed by the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), down 4.23%, and the iShares U.S. Healthcare Providers ETF (IHF), down 3.77%. At the other end of the spectrum, XLK was trailed by the Vanguard Real Estate ETF (VNQ) and the iShares U.S. Real Estate ETF (IYR), which were up 4.19% and 4.16%, respectively. In terms of flows, the Financials Select Sector SPDR Fund (XLF) lost more than any other fund, with $1 billion in outflows. XLK followed, with a loss of $626.3 million, while the Consumer Discretionary Select Sector SPDR Fund (XLY) saw outflows of $494.8 million. The Health Care Select Sector SPDR Fund (XLV) had inflows of $305.2 million, while the iShares U.S. Medical Devices ETF (IHI) pulled in $288.5 million and IYR saw $230.1 million.





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Source: Bloomberg. Data from 02/28/2019 to 03/31/2019. 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.