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Tag Archives: SPY

Large-Cap Growth Leads US Equity Factors With Gain For 2020

Shares of growth stocks are in a class of their own this year after ticking into positive territory this week for year-to-date performance. The fractional gain through yesterday’s close (May 19) sets this corner of factor investing apart from the rest of the field, which remains in various degrees of loss so far in 2020, based on a set of exchange-traded funds. The iShares S&P 500 Growth (IVW) is currently the only year-to-date gainer, courtesy of a 0.2% rise. The slight...

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Large-Cap Growth And Momentum Lead US Equity Factors In 2020

The stakes have been high this year for choosing certain equity factors over others, as year-to-date results remind. Depending on your preference, 2020 has delivered mild losses so far—or deep declines, based on a set of exchange-traded funds. Large-cap growth and momentum factors are currently posting slight setbacks year to date, based on data through yesterday’s close (May 4). Leading the horse race so far: iShares S&P 500 Growth (IVW), which is off a relatively light...

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China Continues To Lead World’s Major Equity Regions In 2020

Losses still dominate year-to-date results for all the main regional slices of global stock markets, but China is holding on to it leadership position by posting a modest decline, based on a set of exchange traded funds through Apr. 28. The iShares MSCI China ETF (MCHI) is down 5.9% in 2020 through yesterday’s close, the softest setback vs. the rest of field. US equities are playing catch-up and are now in second-place with a 10.7% decline so far this year, based on SPDR...

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Health Care Stocks Lead This Year For US Equity Sector Returns

Every sector of the US stock market has lost ground so far in 2020, but the dispersion of results is wide and health care shares have lost considerably less than the rest of the field, based on a set of exchange-traded funds. Health Care Select Sector SPDR (XLV) has shed a relatively mild 4.3% so far this year through yesterday’s close (Apr. 21). That’s a rounding error compared to the deepest sector declines in 2020. Part of the reason – perhaps the key reason – for health...

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Managed Futures ETFs Are Having A Good Year So Far

There have been few places to hide from this year’s dramatic crash in stock markets around the world. Cash, US Treasuries and a select group of government bonds in foreign markets have been a rare source of safety. For funds that held risk assets, managed futures strategies have also been an island of calm, at least for some portfolios, including several of the largest ETFs in this niche. Consider the largest-five managed futures ETFs, based on assets, according to ETFdb.com....

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China Posts Smallest 2020 Loss For World’s Major Equity Regions

This year’s tumble in stocks has left no corner of the world untouched, but China’s equity market continues to suffer the smallest decline on a year-to-date basis through yesterday’s close (Apr. 7) for the world’s major equity market regions, based on a set of exchange-listed funds. The iShares MSCI China ETF (MCHI) is down 8.9% in 2020 through yesterday’s close, the softest setback vs. the rest of field. Supporting the relatively upbeat sentiment for China’s shares is...

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Comparing The Year-To-Date Damage For US Equity Factor Returns

There’s been no place to hide for US equity beta strategies this year, but the distribution of pain varies widely from a risk-factor perspective, based on a set of representative exchange-traded funds. The factor funds with the softest haircuts year to date: large-cap growth, momentum and low-volatility. By contrast, the various flavors of small cap , along with mid-cap value, have suffered the most. For the moment, iShares S&P 500 Growth (IVW) has fallen the least in 2020...

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24/3/20: Q2 2020 S&P 500 Earnings Outlook: Not As Ugly as It Will Be

Per Factset March 23 report, "the aggregate earnings growth rate for Q2 2020 changed from slight year-over-year earnings growth on March 12 (+0.8%) to a slight year-over-year earnings decline on March 13 (-0.7%)." Note: back at the end of January 2020, the expectation was for y/y growth of 5.9 percent. Worse, "expectations for earnings growth for Q2 2020 have been falling over the past few months. On September 30, the estimated earnings growth rate for Q2 2020 was 8.0%. By December 31, the...

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