IYT’s primary rival, the SPDR S&P Transportation ETF (NYSEArca: XTN), is also flirting with all-time highs after soaring 2.7% in the past month. XTN allocates a combined 61.2% of its weight to the trucking and airline industries.
XTN uses an equal weight methodology, resulting in no stock accounting for more than 2.91% of the ETF’s weight. The fund is light on railroad names compared to IYT as that industry accounts for 12.9% of XTN’s roster.
SPDR S&P Transportation ETF
ETF Trends editorial team contributed to this post.