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Post by Admin/YBB on Jun 28, 2021 8:48:06 GMT -6
GICS is Global Industry Classification Standard. A major change was in 2016 when Real Estate (equities, REITs; ETF XLRE) was separated as the 11 th sector. However, mREITs remained in Financials (ETF XLF). The old XLF became the new XLF plus XLRE (the ETFs were created a bit ahead of the new GICS). One problem with these new GICS sectors is that FAANMG stocks are found where not typically expected: Communications XLC ( FB, GOOG/GOOGL, NFLX), Consumer-Discretionary XLY ( AMZN); only AAPL, MSFT in Tech XLK. Some fintechs (V, PYPL, MA, etc) are in Tech, not Financials. Note that 11 GICS sectors differs from 11 M* sectors. Of course, M* shows only M* sectors for funds at the M* website, while many funds and brokerage websites may show the GICS sectors (or M* sectors). Another confusion is that GSCI also is a valid abbreviation for Goldman Sachs Commodity Index and it is now owned by S&P. It is easy to mix up abbreviations GICS and GSCI (actually, I have done it in the past). Wiki en.wikipedia.org/wiki/Global_Industry_Classification_StandardS&P www.spglobal.com/marketintelligence/en/documents/112727-gics-mapbook_2018_v3_letter_digitalspreads.pdfMSCI www.msci.com/gicsStockcharts CandleGlance of 11 sectors LINK |
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Post by Admin/YBB on Nov 1, 2021 20:53:37 GMT -6
ybbpersonalfinance.proboards.com/post/356/threadFUNDS. Another change is coming in MSCI GICS and DJ/S&P industry classifications. This proposed new change will move several companies FROM IT/tech XLK TO financials (fintechs V, MA, PYPL) and industrials XLI (ADP, FIS). Note that several old IT/tech companies are already under communications XLC (FB, GOOG/GOOGL, NFLX) and consumer-discretionary XLY (AMZN). Several funds beyond those mentioned already would be affected (VGT, FTEC, etc); funds that do not use GICS classifications would obviously not be impacted (e.g. tech IYW). Active funds would be affected indirectly as their benchmarks may change. (Some renewable energy companies will be shifted FROM utilities XLU, industrials XLI and IT/tech XLK TO energy XLE; traditional power generators, distributors, suppliers will remain in utilities XLU). Barron's Online, 10/29/21 www.barrons.com/articles/mscis-sector-classifications-index-funds-51635492600?mod=past_editionsETF Strategy, 10/25/21 www.etfstrategy.com/sp-dji-msci-embark-on-latest-gics-consultation-98547/
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Post by Admin/YBB on Jan 13, 2023 7:30:17 GMT -6
Equal-Weight & Market-Cap Sector ETFsAs noted already, the GICS sectors (11) suffer from odd placements of companies because the companies can be only in one sector (e.g. all of the original FANG are now found in XLC and XLY), and also the super-concentration (e.g. XLE). The SPDR sector ETFs follow the GICS sectors using market-caps, but Invesco/ IVZ sector ETFs use equal-weights. There are other related ETFs too, but this post lists only the SPDR (market-cap) and Invesco (equal-weight) sector ETFs. Search the other ETFs with etfdb.com/etfs/. Sector Equal-Weight ETF Market-Cap ETF Notes on SPDRsCommunications EWCO XLC High % in META (#1), GOOG/GOOGL (#2, #3), NFLX (#6) Consumer-Discretionary RCD XLY High % in AMZN (#1), TSLA (#3) Consumer-Staples RHS XLP Energy RYE XLE High % in XOM (#1), CVX (#2) Financials RYF XLF Real-estate equities are now in XLRE, mREITs remain Healthcare RYH XLV Industrials RGI XLI IT RYT XLK Materials RTM XLB Real Estate EWRE XLRE Utilities RYU XLU SP500 RSP SPY StockCharts has CandleGlance charts for SPDR ETFs. Added is one for Invesco ETFs. Edit/Add 7/4/23. Invesco has changed tickers for several of its ETFs. All equal-weight ETFs now have tickers like RSPx; RSP/SP500 isn't changed. This post will be updated for new tickers.
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Post by Admin/YBB on Mar 17, 2023 7:25:54 GMT -6
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Post by Admin/YBB on Jul 4, 2023 5:59:31 GMT -6
Equal-Weight & Market-Cap Sector ETFsAs noted already, the GICS sectors (11) suffer from odd placements of companies because the companies can be only in one sector (e.g. all of the original FANG are now found in XLC and XLY), and also the super-concentration (e.g. XLE). The SPDR sector ETFs follow the GICS sectors using market-caps, but Invesco/ IVZ sector ETFs use equal-weights. There are other related ETFs too, but this post lists only the SPDR (market-cap) and Invesco (equal-weight) sector ETFs. Search the other ETFs with etfdb.com/etfs/. Sector Equal-Weight ETF Market-Cap ETF Notes on SPDRs
Communications RSPC XLC High % in META (#1), GOOG/GOOGL (#2, #3), NFLX (#6) Consumer-Discretionary RSPD XLY High % in AMZN (#1), TSLA (#3) Consumer-Staples RSPS XLP Energy RSPG* XLE High % in XOM (#1), CVX (#2) Financials RSPF XLF Real-estate equities are now in XLRE, mREITs remain Healthcare RSPH XLV Industrials RSPN* XLI IT RSPT XLK Materials RSPM XLB Real Estate RSPR XLRE Utilities RSPU XLU SP500 RSP SPY * RSPE was taken by the equal-weight SP500 ESG RSPE; RSPI was taken by a pharma RSPI. So, only 9 of 11 could follow the new pattern in an intuitive way. StockCharts has CandleGlance charts for SPDR Sector ETFs. Added is one for Invesco Equal-Weight Sector ETFs.
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