Forget Apple and Nvidia. An Anti-Mag 7 ETF Starts Trading Today
Sometimes it seems like all anyone can talk about when it comes to the stock market is the Magnificent Seven, those megacap tech firms that have been leading the indexes ever higher over the past several years. Of course, there are hundreds of other stocks in the S&P 500 not named Alphabet, Apple, Amazon.com, Meta Platforms, Microsoft, Nvidia, and Tesla -- and lately, some of them have been rocking it, too.In fact, only two of the top 20 performing stocks in the S&P 500 this year -- Nvidia and Meta -- are members of the Mag Seven cohort. Vistra, up some 240%, is the #1 performer. . "The idea came from talking to a lot of clients," Jablonski says. "They called us and said, 'You know, I have so much concentration in these stocks across various funds, ETFs, and with the Mag Seven stocks themselves in my portfolio. I'm worried about diversification. How do I get that?' Which got us thinking." She says XMAG is a way to "hedge and put new dollars to work in a way that diversifies your port