"XNTK is a capitalization-weighted, non-leveraged, passively managed equity ETF with the benchmark index of NYSE Technology Index."
I am looking for an explanation on why XNTK seems to be inconsistent with other similar Technology ETFs. [ I'm no expert, so maybe they aren't as similar as I assume ]
I understand the market as a whole had issues right up to Christmas Day of 2018. I get all that. But what gets my attention is that it seems XNTK dropped relatively much lower on 12/24 than the others (of this sector category). Aside from that, the subsequent recovery seems consistent, just from a much reduced balance.
So what gives? I'm just not sure what tools can give me better insight there - did XNTK rebalance at a particularly poor timing? With no "active" manager to blame, how does this passively happen?
With that hiccup, I'd find it hard for XNTK to "catch up" with any of its peers.
Thanks, just a curious observation - I'll say I kind of took it for granted that benchmarked indexes would kind of track the same as their peers. [ that said, I think XNTK may have quite a position in TSLA -- which does happen to be "down" right now, if XNTK had happened to acquire closer to its peak? ]
Below is a comparison of XNTK, versus IGM, IYW.
I am looking for an explanation on why XNTK seems to be inconsistent with other similar Technology ETFs. [ I'm no expert, so maybe they aren't as similar as I assume ]
I understand the market as a whole had issues right up to Christmas Day of 2018. I get all that. But what gets my attention is that it seems XNTK dropped relatively much lower on 12/24 than the others (of this sector category). Aside from that, the subsequent recovery seems consistent, just from a much reduced balance.
So what gives? I'm just not sure what tools can give me better insight there - did XNTK rebalance at a particularly poor timing? With no "active" manager to blame, how does this passively happen?
With that hiccup, I'd find it hard for XNTK to "catch up" with any of its peers.
Thanks, just a curious observation - I'll say I kind of took it for granted that benchmarked indexes would kind of track the same as their peers. [ that said, I think XNTK may have quite a position in TSLA -- which does happen to be "down" right now, if XNTK had happened to acquire closer to its peak? ]
Below is a comparison of XNTK, versus IGM, IYW.