Still, XSD has managed to lead all non-leveraged tech ETFs. XSD’s weighted average market value of about $10.5 billion, or about 1/15 the size of Intel, highlights the ETF’s mid- and small-cap bias. In turn, XSD’s performance highlights the strength of small-cap semiconductor names even as the iShares Russell 2000 ETF (NYSEArca: IWM) has gone through some rough patches this year.
Further underscoring XSD’s bullishness this year is this factoid: Four of the ETF’s top-10 holdings are up at least 50%. That group is comprised of Micron Technology (NasdaqGM: MU), Synaptics (NasdaqGM: SYNA), Integrated Device Technology (NasdaqGS: IDTI) and Spansion (NYSE: CODE).
With just $160.5 million in assets under management, XSD proves that the old adage of big things coming in small packages rings true with ETFs. However, that AUM total is up more than 10% since we last highlighted the ETF just a month ago. [Big Things From Small ETFs]
SPDR S&P Semiconductor ETF