Investors looking for tactical plays on chip stocks, a group that has been a key driver of tech sector upside this year, can consider the VanEck Vectors Semiconductor ETF (NYSEArca: SMH) and the iShares PHLX Semiconductor ETF (NasdaqGM: SOXX).

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In addition to chip stocks, XLK features exposures to tech hardware storage & peripherals, electronic equipment and Internet software and services.

“A big rally in a certain sector is not nearly as impressive if the overall stock market has rallied by a similar amount (or even more). Looking at the ratio chart (XLK/SPY), we can see the tech stocks have been outperforming on a relative basis as well,” notes Investing.com.

For more news and strategy on the Technology market, visit our Technology category.

Technology Select Sector SPDR