BLCN - Not all technology ETFs have underperformed in 2021
In 2021 the Nasdaq Composite Index is +5.41% on a year-to-date basis, and the technology sector as a whole is the worst-performing sector of the eleven S&P 500 segments +3.40% year-to-date.Although technology-related names have suffered the most during the year compared to other market sectors, not all technology names have performed poorly.Market participants should note that there are exchange traded funds that are available that have outperformed the average of the tech sector as well as outperformed the Technology Select Sector SPDR ETF (XLK), which is +3.81% YTD and SPDR S&P 500 Trust ETF (SPY) which is +11.14% YTD.There are seven technology exchange traded funds that have outperformed SPY. See each ETF along with their year-to-date returns.ETFs: (BLOK) +26.70%, (GAMR) +16.15%, (PRNT) +16.05%, (IEUS) +13.80%, (BLCN) +13.58%, and (IGN) +12.10%.Below is a chart of the seven exchange traded funds on a year-to-date basis and how they have performed against the S&P 500.Investors have been eyeing inflation-related concerns and the rise of possible interest rates,
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Not all technology ETFs have underperformed in 2021