Industrials Broad Sector ETFs

Industrials Broad Sector ETFs
  • Pininvest Analysis

Broad coverage of the industrial goods sector is – perhaps inevitably – average and the size of the industrial conglomerates – themselves quite diversified – may well explain performance aligned with the domestic US economy

Highlights of the theme are linked to industries correlated to global forces and less closely connected to domestic economic trends

  • Geopolitical factors will – to a large degree – determine the performance (and volatility) of the Aerospace & Defense sector – and the 3 related funds have only caught up from poor performance since Nov. '20
  • Automobile industries, covered by First Trust NASDAQ Global Auto Index Fund [asset ticker="CARZ" mnemonic="NASDAQ"] have returned in favor,  as the potential of the EV (electrical vehicles), buoyed by Tesla and by holdings in Chinese car makers, breathes new life in the legacy manufacturers

Performance and volatility of funds invested in the entire US industrial sector (FIDU, XLI, VIS) can be expected to track economic forecasts while factor-based selections (multifactor JHMI or FXR, size and equalweighted RGI) are contingent on an investment model 

The performance of Invesco's Industrials Momentum (PRN) is most likely to echo global market trends, as occurred in 2020

 

The theme is not an investment recommendation and should assist the investor in the selection of the industrial fund in accordance with market perception and  portfolio diversification 

Industrials Broad Sector ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
 
Fidelity® MSCI Industrials ETF FIDU NYSEARCA Industrial Goods InvestableMkt US Cies USD 54.72 411 M 55.1% Neutral 19%   7% -8%
First Trust Industrials/Producer Durables AlphaDEX® Fund FXR NYSEARCA Industrial Goods InvestableMkt US MultiFactors USD 59.60 271 M 59.8% Neutral 19%   7% -6%
First Trust NASDAQ Global Auto Index Fund CARZ NASDAQ Industrial Goods InvestableMkt Global USD 61.90 17 M 96.9% Weak Up 25%   6% -10%
Invesco Aerospace & Defense ETF PPA NYSEARCA Industrial Goods Aerospace & Defense USD 77.23 1.1 B 34.8% Neutral 21%   7% -11%
Invesco DWA Industrials Momentum ETF PRN NASDAQ Industrial Goods InvestableMkt Momentum USD 100.42 81 M 54.1% Neutral 25%   7% -12%
Invesco S&P 500® Equal Weight Industrials ETF RGI NYSEARCA Industrial Goods InvestableMkt Equal Weight USD 188.03 211 M 58.5% Strong Up 19%   7% -6%
Invesco S&P SmallCap Industrials Portfolio PSCI NASDAQ Industrial Goods InvestableMkt Size USD 94.62 51 M 69.7% Neutral 26%   9% -9%
iShares Dow Jones US Industrial Sector Index Fund IYJ BATS Industrial Goods InvestableMkt US Cies USD 111.10 837 M 49.9% Neutral 18%   6% -7%
iShares Global Industrials ETF EXI NYSEARCA Industrial Goods InvestableMkt Global USD 121.44 223 M 46.7% Weak Up 16%   6% -7%
iShares U.S. Aerospace & Defense ETF ITA BATS Industrial Goods Aerospace & Defense USD 111.59 4.8 B 30.7% Weak Up 26%   9% -15%
JHancock Multifactor Industrials ETF JHMI NYSEARCA Industrial Goods InvestableMkt US MultiFactors USD 51.89 26 M 53.3% Neutral 18%   6% -7%
SPDR S&P Aerospace & Defense ETF XAR NYSEARCA Industrial Goods Aerospace & Defense USD 133.44 1.9 B 50.0% Neutral 26%   9% -10%
SPDR® Industrial Select Sector Fund XLI NYSEARCA Industrial Goods InvestableMkt US Cies USD 103.51 9.3 B 51.8% Neutral 19%   7% -8%
Vanguard Industrials Index Fund VIS NYSEARCA Industrial Goods InvestableMkt US Cies USD 198.53 3.2 B 54.8% Neutral 19%   7% -8%