RHS - Major Consumer Staples ETFs reach 4-month highs

2023-04-25 12:14:21 ET

Exchange traded funds focused on the Consumer Staples sector have tracked higher since the start of 2023, with some of the most prominent names in the category climbing to 4-month trading highs.

Consumer Staples Select Sector SPDR Fund ( NYSEARCA: XLP ) and the Vanguard Consumer Staples ETF ( NYSEARCA: VDC ), which are the market’s two largest Consumer Staples ETFs, which cumulatively manage just over $25B, both touched levels not seen since mid-December.

Supporting their topside moves have been some of XLP’s and VDC’s overlapping holdings. Gains have come from names like Proctor & Gamble ( PG ), Coca Cola ( KO ), and PepsiCo ( PEP ), three stocks with significant weightings in both ETFs.

As of Tuesday’s intraday trading, XLP hovers near $77, while VDC sits near $200.

Other Consumer Staples ETFs that have also been tracking higher in 2023 include the iShares U.S. Consumer Staples ETF ( IYK ), First Trust Consumer Staples AlphaDEX Fund ( FXG ), and the Invesco S&P 500 Equal Weight Consumer Staples ETF ( RHS ).

Year-to-date price action: XLP +3.5% , VDC +4.1% , IYK +1.3% , XFG +1.5% , and RHS +2.5% .

In other sector news, the tech space looks to be showcased on Tuesday as multiple mega-cap segment leaders prepare to deliver Q1 earnings.

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