Benzinga
Published Mar 31, 2023 16:34
Updated Mar 31, 2023 17:40
Top 5 Best And Worst U.S. Industry ETFs In Q1 2023: AI and Bank Turmoil Shaped Stock Returns
Benzinga - The first quarter of 2023 was positive for the U.S. stock market as a whole, with the S&P 500 index faithfully tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), rising by 6%.
Nevertheless, there are some differences in performance within sectors, with technology represented by the Technology Select Sector SPDR Fund (ARCA: XLK) up 19% and substantially outperforming the financial sector represented by the Financial Select Sector SPDR Fund (ARCA: XLF), which was down 7%.
Moreover, if considering all the industries that constitute the various equity sectors, even more significant performance disparities can be observed.
Which U.S. industry ETFs fared the best in the market last quarter? Which of them experienced the greatest losses? Benzinga looked at the quarterly performance U.S. industries ETFs and found some intriguing insights.
Read Also: 5 Best And Worst Performing Country ETFs For Q1 2023: A Defaulting Country's Stock Market Beats S&P 500
5 Worst-Performing U.S. Industry ETFs in Q1 2023
Five Best-Performing U.S. Industry ETFs in Q1 2023
5) VanEck Vectors Gold Miners ETF (ARCA: GDX)
The iShares U.S. Home Construction ETF invests in stocks of companies operating across home construction sector.
Read More: Fed's Preferred Inflation Measure Comes In Cooler Than Expected As Banking Crisis Complicates Powell's Plan
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