ITB has the largest tilt toward homebuilders, including 64.7% homebuilding, 14.8% building products, 9.0% home improvement retail, 4.3% home furnishings, 2.4% trading companies & distributors, 2.2% specialty chemicals, 1.2% forest products and 1.2% construction materials. The largest non-homebuilding holdings are home-improvement retailers HD 4.7% and Lowe’s (NYSE: LOW) 3.6%, along with building-materials manufacturers Sherwin-Williams (NYSE: SHW) 2.2% and MHK 2.0%.
PKB holds 43.0% in industrial names, along with 31.0% in consumer discretionary retailers and 26.1% in materials companies. Non-homebuilding components include LOW 5.3%, HD 5.1%, DR Horton (NYSE: DHI) 5.1%, Tractor Supply (NasdaqGS: TSCO) 5.0%, MHK 5.0%, NVR Inc (NYSE: NVR) 2.9% and Installed Building Products (NYSE: IBP) 2.6%.
For more information on the housing market, visit our homebuilders category.
Full disclosure: Tom Lydon’s clients own shares of ITB.
Max Chen contributed to this article.