US Listed Semiconductor 25 Index and PHLX SOX Semiconductor Sector Index have an overlap of 77% when comparing constituents. These two comparative indexes have performed similarly over the past ten years, largely due to an abundance of companies in the sectors that allow for a similar investing strategy while diversifying a minority of holdings.
Legacy Theme: Oil Services Exhibit Similar Performance
7/14/2006 – 3/31/2021
Source: Morningstar Direct as of 3/31/2021.
Legacy Theme: Semiconductors Exhibit Similar Performance
12/22/2009 – 3/31/2021
Source: Morningstar Direct as of 3/31/2021.
Newer Thematic Strategies Demonstrate Less Overlap and Correlation
Newer themes such as clean energy and robotics have a much more varied approach to strategies with performance widely diverging based on the focus of their holdings. Clean energy indexes have overlap ranging from 10-25%, and the positive outlier in the peer group (MAC Global Solar Energy Index) has differentiated itself wit
May 6, 2021
While the easiest ETF move for rising oil prices would be a pure play oil fund, investors shouldn’t ignore the oil services side of the equation with funds like the
OIH is going from strength to strength, with a year-to-date gain of about 33%. Stretch that performance out to a one-year span and investors will see a gain of just over 100%.
OIH seeks to replicate the price and yield performance of the MVIS® US Listed Oil Services 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index.
The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the oil services segment. Such companies may include small- and medium-capitalization companies and foreign companies that are listed on a U.S. exchange.
Limited Oil Supply Is Driving ETF Prices Sky-High etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Rising oil prices are helping the
VanEck Vectors Oil Service ETF (OIH), which is up 30% year-to-date. The ETF ended last week’s trading session with a 10% gain thanks to fears of rising inflation.
“Oil extended gains from its highest close in more than a year on a slump in U.S. oil inventories and a broader lift to the reflation trade taking place across global markets,” a World Oil article said. “Futures in New York rose near $63 a barrel. Inventories of U.S. oil have fallen by 40 million barrels over the last three weeks, with cold weather demand for heating fuels offsetting a rise in gasoline and crude stockpiles.”