Sectors In Review: September 2019

July saw most sector ETFs recording returns in positive territory, but those increases weren’t dramatic. The SPDR S&P Semiconductor ETF (XSD) led the funds, with gains of 8.54%, while two financials ETFs followed in its wake. The Invesco KBW Bank ETF (KBWB) and the iShares U.S. Financial Services ETF (IYG) were up 4.27% and 3.66%, respectively. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the worst performer, with a decline of 7.99%; the iShares U.S. Pharmaceuticals ETF (IHE) was down 4.19%; and the iShares NASDAQ Biotechnology ETF (IBB) saw a loss of 3.08%. The Utilities Select Sector SPDR Fund (XLU) pulled in the most of any of the sector ETFs, gaining $635 million, while the Vanguard Real Estate ETF (VNQ) had inflows of $578.6 million and the Financial Select Sector SPDR Fund (XLF) gained $354.6 million. The Health Care Select Sector SPDR Fund (XLV) saw the greatest outflows, with a loss of $884.7 million, followed by the Energy Select Sector SPDR Fund (XLE), which lost $261.6 million, and the iShares U.S. Real Estate ETF (IYR), which lost $252 million.

Sources: Bloomberg and FactSet. Data from 06/28/2019 to 07/31/2019. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF.com ETF Classification System.