Sectors In Review: November 2019

Sector ETFs did fairly well during the month, with a few exceptions

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Reviewed by: Heather Bell
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Edited by: Heather Bell

September was a fairly mild month for sector ETFs, with very little in the way of outsized gains or losses. The top-performing ETF was the Invesco KBW Bank ETF (KBWB), up 7.74%, followed by the SPDR S&P Retail ETF (XRT) and the SPDR S&P Homebuilders ETF (XHB), up 7.22% and 5.06%, respectively. The worst performer was the iShares U.S. Healthcare Providers ETF (IHF), which fell 3.59%; while the iShares NASDAQ Biotechnology ETF (IBB) was down 3.24%; and the SPDR S&P Health Care Equipment ETF (XHE) was down 2.03%. Flows were equally unremarkable, with the Financial Select Sector SPDR Fund (XLF) pulling in $761.2 million, the Vanguard Real Estate ETF (VNQ) pulling in $598.6 million and the iShares U.S. Real Estate ETF (IYR) pulling in $358.8 million. Meanwhile, the Consumer Discretionary Select Sector SPDR Fund (XLY) saw the most outflows, losing $594 million. The Industrial Select Sector SPDR Fund (XLI) and the Materials Select Sector SPDR Fund (XLB) claimed the Nos. 2 and 3 spots, with losses of $258.5 million and $216.3 million, respectively.

 

 

SectorsInReview

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Sources: Bloomberg and FactSet. Data from 08/31/2019 to 09/30/2019. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF.com ETF Classification System.

 

Heather Bell is a former managing editor of etf.com. 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.