Updated: The Effect of Coronavirus on Key Market Sectors
This article was originally written by Jill Mislinski. Starting in January 2023, AP Charts pages will be maintained by Jennifer Nash at Advisor Perspectives/VettaFi.
As a result of the COVID-19 virus and its effects on the market, here's a short analysis of major ETF market sectors and the S&P 500 since February 21. We rounded up 8 ETFs representing different sectors and graphed the change in price since February 21. Three sectors proved to do better than the S&P 500 - consumer staples, healthcare, and technology, unsurprisingly. Scroll past the chart for an explanation of each ETF.
SPX - S&P 500
XLP - Consumer staples - Consumer Staples Select Sector SPDR Fund
VHT - Healthcare - Vanguard Healthcare Index Fund
FTEC - Technology - Fidelity MSCI Information Technology Index ETF
XRT - Retail - SPDR S&P Retail ETF
JETS - Airlines - U.S. Global Jets ETF
VDE - Energy - Vanguard Energy Index Fund ETF
INN - Hotels - Summit Hotel Properties, Inc. REIT
PEJ - Leisure/Entertainment - Invesco Dynamic Leisure and Entertainment ETF