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XLK - Tech Stocks Continue To Dominate This Year's U.S. Market Rally
SPDR Select Sector Fund - Technology
In a year when every corner of the US stock market is rising, it's no mean feat to leave the crowd in the dust. Yet, that describes the run in technology shares in 2019, the best-performing equity sector by far year to date, based on a set of exchange-traded funds.
A key factor for outperformance for equity strategies this year is closely linked with the degree of exposure to tech. As a proxy, consider the Technology Select Sector SPDR ETF (XLK), which has surged nearly 32% so far in 2019 through yesterday's close (July 18).