Friday's ETF Winner and Loser: Large-Cap Returns

As the first quarter of 2023 comes to a close, the markets had another green day. Investors seem to be satisfied with the way the banking crisis was handled as fears about the near future subside. VIX - often called the fear index - is down 2.16% on the day and over 13% over the last 5 days.

The S&P was up 0.88% today, the Dow Jones Industrial Average up 0.8%, and the NASDAQ Composite rose 1.24%.

ETF Returns

We performed a screening of large-cap ETFs - defined as having Assets Under Management (AUM) over $10 billion - to determine what funds gained and lost the most value over the last week, according to data from etfdb.com. Only non-leveraged funds were considered. 

Winner

Energy Select Sector SPDR Fund XLE

As of Friday, XLE was up 6.02% on the week.

XLE offers investors exposure to the energy industry in the US. The fund is spread across many companies representing a crossection of the sector, but is heavily weighted toward oil producers.

The fund’s largest holdings are Exxon Mobil Corporation XOM and Chevron Corporation CVX making up 23.47% and 20.04% of the fund, respectively.

XLE is down 4.98% YTD.

Loser

iShares 20+ Year Treasury Bond ETF TLT

As of Friday, TLT was down 1.5% on the week.
TLT is designed to expose investors to long-dated treasuries. The ETF is one of the most popular of its kind. TLT is efficient from a cost perspective, with an expense ratio of 0.15%, and offers high daily volume making it highly liquid.

YTD, TLT is up 5.79%.