The 5 Best Technology ETFs by 2023 Performance
Technology is far and away the best performing stock market sector this year. The $55 billion Technology Select Sector SPDR Fund ,which holds the tech stocks within the S&P 500 index, has delivered a return of 49.4% year-to-date through Nov. 22.While one of the best performing technology ETFs of 2023, there are a handful of other tech-focused funds that have done even better than XLK.In most cases, these top performershold narrower baskets of tech stocks.Additionally, the typical top-performing tech ETFs hold stocks that have been placed in other, non-technology sectors by classification schemes like GICS, but that are widely considered to be tech stocks by investors .The $590 million SPDR NYSE Technology ETF is an equal-weighted ETF that holds stocks of “35 leading U.S.-listed technology-related companies.”It pulls stocks from the tech and consumer discretionary sectors that fit certain criteria. According to the ETF issuer, companies in the fund must meet at least one of the followi