PKW has a five-year annualized return of 10.2%, nearly doubling the 5.3% return of the S&P 500, according to Morningstar. [Buyback ETF’s Five-Year Return Creaming the S&P 500]
PKW has a 18.6% allocation toward Media, Movies & Entertainment account for 10.3% and Cable & Satellite makes up 5.7%. Among its top ten holdings, large media names stand out, including News Corp, Time Warner, DirecTV and Viacom. The ETF also has a 35.3% weighting toward the consumer discretionary sector.
S&P analysts have found that media companies have been outperforming the broad S&P 1500 benchmark. Year-to-date through March 22, the Movies & Entertainment and Cable & Satellite sub-industries were up 16.6% and 8.2%, respectively, compared to the 9.4% rise in the broader markets.
For more information on the broad markets, visit our S&P 500 category.
Max Chen contributed to this article.