Rising Stars, Falling Trends: July's Industry ETF Winners And Losers

Zinger Key Points

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 SPY returned 3.1% in July, marking its fifth consecutive month of gains. The SPDR Dow Jones Industrial Average ETF DIA had similar monthly performance, but the Invesco QQQ Trust QQQ outperformed by 3.8%. The strongest performer, though, was the iShares Russell 2000 ETF 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 SMH
– Total return month-to-date: 5%
– Total return year-to-date: 58.8%
– Top holdings: NVIDIA Corp. NVDA (20%), Taiwan Semiconductor Manufacturing Company TSM (10.74%), Broadcom Inc. (5.64%) AVGO
– Monthly stock contributors: Nvidia (2.8 percentage points), Lam Research Corp. LRCX (0.6pp), Intel Corp INTC (0.5pp)

4) Agriculture – VanEck Agribusiness ETF MOO
– Total return month-to-date: 7.8%
– Total return year-to-date: 3.1%
– Top holdings: Zoetis Inc. ZTS (8.6%), Deere & Company DE (8.33%)
– Monthly stock contributors: Zoetis Inc. (1pp); Archer-Daniels-Midland Company ADM (0.9pp);

3) Oil & Gas – SPDR Oil & Gas Explor. & Prod. ETF XOP
– Total return month-to-date: 10.1%
– Total return year-to-date: 11%
– Top holdings: Antero Resources Corp. AR (2.6%), SM Energy Company SM (2.5%)
– Monthly stock contributors: Ovintiv Inc. OVV (0.6pp); APA Corp. APA (0.5pp)

2) Oil services – VanEck Oil Services OIH
– Total return month-to-date: 18.9%
– Total return year-to-date: 18.4%
– Top holdings: Schlumberger Ltd. SLB (19.6%); Halliburton Company HAL (11%).
– Monthly stock contributors: Schlumberger Ltd. (4pp); Halliburton Company (2.2pp)

1) Regional Banks – SPDR S&P Regional Banking ETF KRE
– Total return month-to-date: 19.8%
– Total return year-to-date: -16.2%
– Top holdings: Western Alliance Bancorp. WAL (2.4%), Pinnacle Financial Partners, Inc. PNFP (2.3%).
– Monthly stock contributors: Western Alliance Bancorp. (0.85pp); ZIONS Bancorporation 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 PHO
– Total return month-to-date: 2.9%
– Total return year-to-date: 12.6%
– Top holdings: Danaher Corp. DHR (8.1%), Ecolab Inc. ECL (8%), Ferguson Plc FERG (8%).
– Monthly stock draggers: Walmont Industries Inc. VMI (-0.3pp); Mueller Industries Inc. MLI (-0.1pp).

4) Biotech – iShares Biotechnology ETF IBB
– Total return month-to-date: 2.1%
– Total return year-to-date: down by 0.3%
– Top holdings: Amgen Inc. AMGN (8.5%), Vertex Pharmaceuticals Inc. VRTX (8.5%)
– Monthly stock draggers: Apellis Pharmaceuticals APLS (-0.7pp); Biogen Inc. BIIB (-0.3pp).

3) Real Estate – Vanguard Real Estate ETF VNQ
– Total return month-to-date: 2%
– Total return year-to-date: 3.3%
– Top holdings: Prologis Inc. PLD (7.6%), American Tower Corp. AMT (6%).
– Monthly stock draggers: CoStar Group Inc. CSGP (-0.2pp), Crown Castle Inc. CCI (-0.2pp)

2) Airlines – U.S. Global Jets ETF JETS
– Total return month-to-date: down by 0.4%
– Total return year-to-date: 25.9%
– Top holdings: Delta Airlines Inc. DAL (10.8%), American Airlines Group Inc. AAL (9.8%).
– Monthly stock draggers: American Airlines Group Inc. (-0.5pp), Southwest Airlines Co. LUV (-0.4pp)

1) Solar – Invesco Solar ETF TAN
– Total return month-to-date: down by 3.3%
– Total return year-to-date: down by 4.4%
– Top holdings: First Solar Inc. FSLR (11.1%), Enphase Energy Inc. ENPH (9.1%)
– Monthly stock draggers: SolarEdge Technologies Inc. SEDG (-0.7pp), SMA Solar Technology AG SMTGF (-0.6pp).

Chart: Industry ETF Losers In July

Photo via Shutterstock.

ADM Logo
ADMArcher-Daniels-Midland Co
$47.590.36%

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AMGN Logo
AMGNAmgen Inc
$290.24-0.03%
AMT Logo
AMTAmerican Tower Corp
$212.24-0.14%
APA Logo
APAAPA Corp
$18.821.76%
APLS Logo
APLSApellis Pharmaceuticals Inc
$19.400.62%
AVGO Logo
AVGOBroadcom Inc
$245.29-0.66%
BIIB Logo
BIIBBiogen Inc
$133.970.63%
CCI Logo
CCICrown Castle Inc
$98.81-0.14%
CSGP Logo
CSGPCoStar Group Inc
$78.610.11%
DAL Logo
DALDelta Air Lines Inc
$51.250.59%
DE Logo
DEDeere & Co
$518.76-0.24%
DHR Logo
DHRDanaher Corp
$198.421.22%
DIA Logo
DIASPDR Dow Jones Industrial Average ETF
$427.31-0.25%
ECL Logo
ECLEcolab Inc
$265.61-0.54%
ENPH Logo
ENPHEnphase Energy Inc
$42.924.23%
FERG Logo
FERGFerguson Enterprises Inc
$211.760.36%
FSLR Logo
FSLRFirst Solar Inc
$163.25-1.86%
GDX Logo
GDXVanEck Gold Miners ETF
$52.010.76%
HAL Logo
HALHalliburton Co
$20.932.02%
IBB Logo
IBBiShares Biotechnology ETF
$127.040.06%
INTC Logo
INTCIntel Corp
$20.813.74%
IWM Logo
IWMiShares Russell 2000 ETF
$213.010.53%
JETS Logo
JETSU.S. Global Jets ETF
$23.270.11%
KRE Logo
KRESPDR S&P Regional Banking ETF
$58.520.87%
LRCX Logo
LRCXLam Research Corp
$88.692.71%
LUV Logo
LUVSouthwest Airlines Co
$33.500.06%
MLI Logo
MLIMueller Industries Inc
$77.460.05%
MOO Logo
MOOVanEck Agribusiness ETF
$73.150.30%
NVDA Logo
NVDANVIDIA Corp
$144.101.68%
OIH Logo
OIHVanEck Oil Services ETF
$233.531.59%
OVV Logo
OVVOvintiv Inc
$38.751.49%
PHO Logo
PHOInvesco Water Resources ETF
$69.390.11%
PLD Logo
PLDPrologis Inc
$109.200.38%
PNFP Logo
PNFPPinnacle Financial Partners Inc
$108.530.44%
QQQ Logo
QQQInvesco QQQ Trust, Series 1
$531.250.25%
SEDG Logo
SEDGSolarEdge Technologies Inc
$18.843.57%
SLB Logo
SLBSchlumberger Ltd
$34.221.03%
SM Logo
SMSM Energy Co
$25.391.90%
SMH Logo
SMHVanEck Semiconductor ETF
$258.582.31%
SMTGF Logo
SMTGFSMA Solar Technology AG
$25.00-%
SPY Logo
SPYSPDR S&P 500
$599.490.06%
TAN Logo
TANInvesco Solar ETF
$34.071.43%
TSM Logo
TSMTaiwan Semiconductor Manufacturing Co Ltd
$208.111.43%
VMI Logo
VMIValmont Industries Inc
$325.60-%
VNQ Logo
VNQVanguard Real Estate ETF
$89.900.03%
VRTX Logo
VRTXVertex Pharmaceuticals Inc
$447.86-0.59%
WAL Logo
WALWestern Alliance Bancorp
$74.480.22%
WAT Logo
WATWaters Corp
$351.980.23%
XOP Logo
XOPSPDR S&P Oil & Gas Explor & Product
$124.471.01%
ZION Logo
ZIONZions Bancorp NA
$49.420.28%
ZTS Logo
ZTSZoetis Inc
$165.49-2.75%
AAL Logo
AALAmerican Airlines Group Inc
$11.78-0.04%
AR Logo
ARAntero Resources Corp
$39.031.00%
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