As July comes to an end, it’s time to take a look at the best- and worst-performing industry ETFs for the month.
Among the largest ETFs that represent major U.S. stock indices, the SPDR S&P 500 ETF Trust (NYSE:SPY) returned 3.1% in July, marking its fifth consecutive month of gains. The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) had similar monthly performance, but the Invesco QQQ Trust (NASDAQ:QQQ) outperformed by 3.8%. The strongest performer, though, was the iShares Russell 2000 ETF (NYSE:IWM), which increased by 4.9%.
Which industries have performed significantly better than the overall market? Which ones, on the other hand, had a particularly rough month despite the broader risk-on period?
5 Top Performing Industry ETFs In July
5) Semiconductors – VanEck Semiconductors ETF (NYSE:SMH)
– Total return month-to-date: 5%
– Total return year-to-date: 58.8%
– Top holdings: NVIDIA Corp. (NASDAQ:NVDA) (20%), Taiwan Semiconductor Manufacturing Company (NYSE:TSM) (10.74%), Broadcom Inc. (5.64%) (NASDAQ:AVGO)
– Monthly stock contributors: Nvidia (2.8 percentage points), Lam Research Corp. (NASDAQ:LRCX) (0.6pp), Intel Corp (NYSE:INTC) (0.5pp)
4) Agriculture – VanEck Agribusiness ETF (NYSE:MOO)
– Total return month-to-date: 7.8%
– Total return year-to-date: 3.1%
– Top holdings: Zoetis Inc. (NYSE:ZTS) (8.6%), Deere & Company (NYSE:DE) (8.33%)
– Monthly stock contributors: Zoetis Inc. (1pp); Archer-Daniels-Midland Company (NYSE:ADM) (0.9pp);
3) Oil & Gas – SPDR Oil & Gas Explor. & Prod. ETF (NYSE:XOP)
– Total return month-to-date: 10.1%
– Total return year-to-date: 11%
– Top holdings: Antero Resources Corp. (NYSE:AR) (2.6%), SM Energy Company (NYSE:SM) (2.5%)
– Monthly stock contributors: Ovintiv Inc. (NYSE:OVV) (0.6pp); APA Corp. (NYSE:APA) (0.5pp)
2) Oil services – VanEck Oil Services (NYSE:OIH)
– Total return month-to-date: 18.9%
– Total return year-to-date: 18.4%
– Top holdings: Schlumberger Ltd. (NYSE:SLB) (19.6%); Halliburton Company (NYSE:HAL) (11%).
– Monthly stock contributors: Schlumberger Ltd. (4pp); Halliburton Company (2.2pp)
1) Regional Banks – SPDR S&P Regional Banking ETF (NYSE:KRE)
– Total return month-to-date: 19.8%
– Total return year-to-date: -16.2%
– Top holdings: Western Alliance Bancorp. (NYSE:WAL) (2.4%), Pinnacle Financial Partners, Inc. (NYSE:PNFP) (2.3%).
– Monthly stock contributors: Western Alliance Bancorp. (0.85pp); ZIONS Bancorporation (NYSE:ZION) (0.8pp)
Read now: Oil Prices Hit $80, Sparking 5-Week Winning Streak: 5 Must-Watch Oil ETFs To Ride The Wave
Chart: Industry ETFs Gainers In July 2023
5 Worst Performing Industry ETFs In July
5) Water Resources – Invesco Water Resources ETF (NASDAQ:PHO)
– Total return month-to-date: 2.9%
– Total return year-to-date: 12.6%
– Top holdings: Danaher Corp. (NYSE:DHR) (8.1%), Ecolab Inc. (NYSE:ECL) (8%), Ferguson Plc (NYSE:FERG) (8%).
– Monthly stock draggers: Walmont Industries Inc. (NYSE:VMI) (-0.3pp); Mueller Industries Inc. (NYSE:MLI) (-0.1pp).
4) Biotech – iShares Biotechnology ETF (NYSE:IBB)
– Total return month-to-date: 2.1%
– Total return year-to-date: down by 0.3%
– Top holdings: Amgen Inc. (NYSE:AMGN) (8.5%), Vertex Pharmaceuticals Inc. (NYSE:VRTX) (8.5%)
– Monthly stock draggers: Apellis Pharmaceuticals (NYSE:APLS) (-0.7pp); Biogen Inc. (NASDAQ:BIIB) (-0.3pp).
3) Real Estate – Vanguard Real Estate ETF (NYSE:VNQ)
– Total return month-to-date: 2%
– Total return year-to-date: 3.3%
– Top holdings: Prologis Inc. (NYSE:PLD) (7.6%), American Tower Corp. (NYSE:AMT) (6%).
– Monthly stock draggers: CoStar Group Inc. (NASDAQ:CSGP) (-0.2pp), Crown Castle Inc. (NYSE:CCI) (-0.2pp)
2) Airlines – U.S. Global Jets ETF (NYSE:JETS)
– Total return month-to-date: down by 0.4%
– Total return year-to-date: 25.9%
– Top holdings: Delta Airlines Inc. (NYSE:DAL) (10.8%), American Airlines Group Inc. (NYSE:AAL) (9.8%).
– Monthly stock draggers: American Airlines Group Inc. (-0.5pp), Southwest Airlines Co. (NYSE:LUV) (-0.4pp)
1) Solar – Invesco Solar ETF (NYSE:TAN)
– Total return month-to-date: down by 3.3%
– Total return year-to-date: down by 4.4%
– Top holdings: First Solar Inc. (NYSE:FSLR) (11.1%), Enphase Energy Inc. (NYSE:ENPH) (9.1%)
– Monthly stock draggers: SolarEdge Technologies Inc. (NASDAQ:SEDG) (-0.7pp), SMA Solar Technology AG (OTCPK: SMTGF) (-0.6pp).
Chart: Industry ETF Losers In July
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