AMZN Jump Pulls Vanguard’s VCR, State Street’s XLY Higher

Actively managed AMZU also jumps, along with single-stock ETF AMZY.

Reviewed by: Lisa Barr
Edited by: Lisa Barr Inc. shares surged after the biggest online retailer beat Wall Street’s profit and sales estimates for the second quarter, which helped push higher consumer ETFs from Vanguard Group and State Street Corp. 

State Street’s Consumer Discretionary Select Sector SPDR Fund (XLY), which holds $4 billion of AMZN, or 23% of its total, jumped 3% in morning trading. The Vanguard Consumer Discretionary ETF (VCR), which holds a similar proportion of Amazon stock, gained 2.7%. 

Amazon stock has gained 68% this year as sales in its online stores jumped along with growth in its cloud computing business. The company also forecast revenue and operating income that was better than forecasts. 

AMZN Held in a Range of ETFs 

The company’s stock is held in 364 ETFs, according to data. Those funds hold 691.3 million shares. On average, U.S. ETFs allocate 3.72% of AMZN to their portfolios. 

The ETF with the biggest number of Amazon shares is the SPDR S&P 500 ETF Trust (SPY), with 101 million shares valued at $13.3 billion. The world’s largest ETF added less than 1% today. The far smaller ProShares Online Retail ETF (ONLN), with $110.8 million in assets, has the biggest allocation to Amazon, at 24%, and it rose 1.8% today. 

The best-performing ETF in the past 12 months with AMZN as a holding is the Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG), with a return of 40.83%. 

Single-stock ETFs betting on Amazon rising also jumped today. The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) leaped 16%. The YieldMax AMZN Option Income Strategy ETF (AMZY), an actively managed covered call fund, rose 9.4% 

By contrast, the Direxion Daily AMZN Bear 1X Shares (AMZD), which bets against AMZN, dropped 10%. The $4.7 million fund had outflows of $500,000 on Aug. 3. 


Contact Ron Day at [email protected] or follow him on Twitter at @RonDayETF  

Ron Day is deputy managing editor at He covered business and financial news at Bloomberg News for 20 years, was senior editor at ESG news outlet Karma Impact, and covered general news at several New Jersey daily papers. Day's freelance work has been published in, and