XLK: S&P 500 Technology ETF underperforms in Q1; Apple, Intel, Adobe among top losers

XLK: S&P 500 Technology ETF underperforms in Q1; Apple, Intel, Adobe among top losers

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Technology Select Sector SPDR Fund (NYSEARCA:XLK), which tracks the S&P 500’s information technology sector, has gained 8.1% so far this year, underperforming the 10% gain of the broader S&P 500 index.

The sector with the highest weightage on the S&P consists of companies ranging from Microsoft (MSFT), maker of the Windows operating system, chipmaker Nvidia (NVDA), and cloud company Oracle (ORCL).

Gainers: Super Micro Computer (SMCI) +243%. Nvidia (NVDA) +83%. Micron Technology (MU) +36%. Western Digital (WDC) +30%. Juniper Networks (JNPR) +26%. Losers: Adobe (ADBE) -16%. ON Semiconductor (ON) -14%. Intel (INTC) -13%. Apple (AAPL) -11%. Enphase Energy (ENPH) -11%.

More on Technology Select Sector SPDR ETF

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