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XLC - XLK: Trend Is Your Friend For Technology Sector Until It Bends
The Communication Services Select Sector SPDR Fund
The technology sector (XLK) has undoubtedly been the champion of U.S. stock market in the last decade, as it outperformed the broader S&P 500 (SPY) for six consecutive years and over 120% cumulatively.
Source: WingCapital Investments
XLK had its most spectacular year yet in 2019 with a 50+% return, paced by the staggering 109% and 60% 52-week gain in Apple (AAPL) and Microsoft (MSFT) respectively, which represent a bulky 39% exposure in XLK . The rest of the top 20 holdings, which account for another 42% of XLK, also combined to contribute 43%