December 2020: Week 2

Edition #023 - Data recap of last week's big moves inside the Tech ETF landscape. See what to keep an eye on for the week ahead.

Weekly Changes (Overall):

Out of 101 Tech ETFs analyzed, the average Tech ETFs had a negative week for the first week in three weeks, with a fall of 0.16% compared to a gain of 2.60% last week.

This weeks top 5 ETFs were slightly larger on average than last weeks $1,866 vs $1,404m in AUM and had on average more holdings 49 (compared to a maximum of 32 last week).

Top Ranked YTD ETF $ARKK led the week showing continued strength.

Meanwhile emerging markets and China had a relatively positive week compared to a modest November.


November Fund Flows

Looking at ETF Fund Flows vs performance

Out of 1095 ETFs in November, the top 10 based on $ size fund inflow were

$SPY

$VTI

$QUAL

$HYG

$IWM

$VXUS

$VOO

$IVV

$XLF

$IJR

with a combined $39.4b estimated to have flowed into these ETFs

$SPY ranked in the middle of the pack in 531st spot in regards to November performance, while $HYG lagged the market at 912th spot (although not surprisingly given its a High Yield Corporate Bond ETF)

$IWM (iShares Russell 2000 ETF) lead this group in November returns with a 16.1% gain through the month, slightly edging out $IJR (iShares Core S&P Small-Cap ETF) which gained 15.7% with $SPY at a strong 9.6%


Weekly Changes ($1b+ AUM):

Out of 25 Tech ETFs which have over $1b in assets under management, the average Tech ETFs was also negative, performing worse than the smaller ETFs, after dropping 0.35%.

Only 9/25 were in positive territory.

$ARKK has been in this group for 4 weeks in a row.


Weekly Changes (100+ Holdings):

For the 21 ETFs in this group with greater than 100 Holdings, the average return for the week was again an underperformance compared to smaller holding ETFs with a fall of 0.46%.


Year to Date Changes (Overall):

YTD, the 94 ETFs in this group is currently up 43% (44% last week), above the $SPY at 15.45%.

At the top end we continued to not see any changes from last week with just 2 Tech ETFs are above 100% YTD, but $ARKW and $ARKK did switch spots inside the top 2.

They continue to be the only two (well) above 100% YTD returns, however once again the other 3 continue to get closer to crossing that threshold.


Hopefully you found this weeks edition useful,

Best,

Stuart