IYT’s biggest competitor, the SPDR S&P Transportation ETF (NYSEArca: XTN), is also flirting with new highs. XTN rests just 2.1% below its all-time high. XTN allocates a combined 61.5% 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 $120.5 million fund is light on railroad names compared to IYT as that industry accounts for 12.9% of XTN’s lineup. [Transportation ETFs Look Enticing]
XTN is up 0.73% in the past month and is 11.9% above its 200-day moving average.
iShares Transportation Average ETF
ETF Trends editorial team contributed to this post.