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Tag Archives: SPY

High Beta Stocks Still Leading US Equity Factor Returns This Year

Shares with the highest beta-risk continue to top the US factor race in 2021 by a wide margin, based on a set of exchange traded funds. Invesco S&P 500 High Beta (SPHB) is holding on to a substantial lead via a 32.0% gain so far in 2021 through yesterday’s close (Oct. 6). Although the fund has been treading water for the last several months, no other factor ETF has challenged SPHB’s year-to-date front-runner status. The nearest competitor to SPHB’s leadership this year...

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Energy Stocks Retake The Lead For US Equity Sectors In 2021

As oil and gas prices soar, energy shares are back on top for year-to-date performance for US equity sectors through Sep. 27, based on a set of exchange traded funds. Energy Select Sector SPDR Fund (XLE) is up nearly 44% so far this year, marking a dramatic rebound after a summer of weakness. Analysts are pointing to supply shortages as the catalyst for the recent runup in energy prices, a bounce that’s driving stocks in this sector higher. “While we have long held a...

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China Stocks Continue To Weigh On Global Equity Strategies

If you hold a diversified portfolio of world stocks and give China more than a trivial weight, you’re feeling the pinch this year. Shares in the world’s second-largest economy continue to tumble, exacerbated in recent days by the liquidity crisis in Evergrande, a large Chinese property developer with a deepening liquidity crisis that’s roiling global markets lately. On a year-to-date basis, China shares continue to suffer the deepest loss for the world’s major equity regions,...

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Financials And REITs Take The Lead For US Equity Sectors In 2021

Financials and real estate investment trusts (REITs) have displaced energy stocks as the performance leaders for US equity sectors this year, through yesterday’s close (Aug. 18), based on a set of exchange traded funds. Financial Select Sector SPDR (XLF) is currently the top-performer, posting a 29.1% total return year to date. After treading water for much of June and July, XLF popped earlier this month, reaching a record high before pulling back in recent days. Real Estate...

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High Beta Stocks Continue To Top US Equity Factor Returns In 2021

The strategy of holding stocks with the highest beta risk have stumbled recently, but remain comfortably in the lead year to date for US equity factors, based on a set of exchange traded funds. Invesco S&P 500 High Beta (SPHB) is up 30.9% so far this year through yesterday’s close (Aug. 9). That’s well ahead of the second-best factor performance via iShares S&P Small-Cap 600 Value (IJS), which is ahead 24.7% in 2021. SPHB’s performance edge is even stronger vs. the...

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Political Risk Continues To Weigh On China Stocks

The rout in China equities accelerated in recent weeks amid Beijing’s increasingly aggressive regulatory crackdown on its domestic businesses. The market bounced in Thursday’s trading session (July 29) after diving earlier in the week, but on a year-to-date basis a deep shade of red ink prevails for the country’s stock market. Equities in China remain the downside outlier for a set of US-listed ETFs that represent the major regions of the world’s stock markets. The iShares MSCI...

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China Stock Market Is This Year’s Downside Outlier

Global equity markets overall are posting gains year to date, with the glaring exception of China, based on a set of US-listed exchange-traded products. The iShares MSCI China ETF (MCHI) is down 4.1% year to date through yesterday’s close (July 12). After surging in the first two months of 2021, MCHI — which targets large- and mid-cap companies available to international investors — suffered a sharp reversal. The recent weakness shows no sign of reversing, based on recent...

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Energy Sector Continues To Lead US Stocks By Wide Margin In 2021

Shares in the conventional energy sector may be destined for dinosaur status as the shift to renewables marches inexorably on, but that hasn’t stopped Big Oil from leading US equity sectors this year. Using a set of ETFs to track performance shows that traditional energy stocks remain far and away the top performer in 2021 for the main sector groups through yesterday’s close (June 22). Energy Select Sector SPDR (XLE) is up a sizzling 46.6% year to date. In Tuesday’s session,...

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Deep-Value ETF Report: 16 June 2021

The value factor, after a long drought, is showing signs of life. Analysts continue to debate if the revival is more than short-term noise, but for the moment this corner of investing is confounding critics who claimed it was a dead strategy. Examples of battered corners of global markets that have posted strong recoveries lately include various slices of the energy sector. Consider SPDR S&P Oil & Gas Equipment & Services ETF (XES) and SPDR S&P Oil & Gas...

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High Beta, Small Cap Value Lead US Equity Factor Returns In 2021

US equity factor strategies targeting high-beta and small-cap value shares continue to post the strongest performances so far in 2021, based on a set of exchange-traded funds through June 9. Invesco S&P 500 High Beta (SPHB) is in the lead with a 36.3% return year to date. The ETF, which holds the 100 highest beta stocks in the S&P 500, has earned more than twice the return of the broad market, based on SPDR S&P 500 (SPY), which is up 13.2% this year. A close...

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