에 대한 최신 뉴스 iShares Core S&P Mid-Cap ETF (ARCA:IJH)

iShares Core S&P Mid-Cap ETF

Industrials

Consumer Cyclical

Financial Services

Technology

Healthcare

Real Estate

Energy

Basic Materials

Consumer Defensive

Utilities

Communication Services

Other

The Fund seeks to track the investment results of the S&P MidCap 400; the Underlying Index, which measures the performance of the mid-capitalization sector of the U.S. equity market, as determined by S&P Dow Jones Indices LLC; the Index Provider or SPDJI.

Carlisle Cos Inc

Go Daddy Inc., Class A

Williams-sonoma Inc

E M C O R Group Inc.

Pure Storage Inc

Reliance Steel & Aluminum Co.

Lennox International Inc

Owens Corning

Burlington Stores Inc

Watsco Inc

News

General

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

허츠 글로벌 홀딩스(NASDAQ:HRZ)의 24회계년도 1분기 매출이 전년 동기 대비 1.6% 증가한 20억 8천만 달러를 기록했다고 보고했다. 조정 주당 손실(EPS)은 1.28달러로 애널리스트 컨센서스 예측치인 0.44달러 손실을 하회했다.

허츠: 높은 차량 유지 비용과 유동성 문제로 인해 등급 하향 조정, 주가 하락

Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) shares are trading lower today. The stock pulled back after soaring higher yesterday due to news of Robert Bosch GmbH reportedly <a target="_blank" href="https://www.benzinga.com/m-a/24/06/39502758/home-appliances-giant-whirlpool-stock-is-soaring-on-wednesday-heres-why" rel="noreferrer noopener">considering a bid for the company</a>.
Goldman Sachs analyst Susan Maklari rated the stock <a target="_blank" href="https://www.benzinga.com/quote/WHR/analyst-ratings" rel="noreferrer noopener">as Buy and price target of $118</a>.
The analyst writes that while Robert Bosch holds a 6% share in the global major appliance market, its presence in North America is significantly smaller at 1.5%, while Whirlpool leads with approximately 25% market share in North America and 10% globally based on 2023 volumes.
Maklari says that a potential deal would enable Bosch to enhance its competitive position both globally and regionally.
This development coincides with European companies&#8217; increasing interest in expanding into the US building products industry to mitigate challenges in their local economies, writes the analyst.
However, the analyst expects regulatory hurdles to be anticipated due to current geopolitical dynamics.
The analyst notes that the company&#8217;s revenues and adjusted EBITDA decreased by 12% and 46%, respectively, from 2021 to 2023, which weighs on the valuation.
Whirlpool stock has lost over 32% in the last 12 months. Investors can gain exposure to the stock via&nbsp;the iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>)&nbsp;and&nbsp;the Schwab US Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>).
Price Action: WHR shares are down 1.95% at $99.92 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Grzegorz Czapski via Shutterstock

Equities

Large Cap

Price Target

Reiteration

Analyst Ratings

Trading Ideas

SCHD

Bosch Bid Hype Fades, But Analyst Sees Whirlpool's Potential

Lighting and building management firm&nbsp;Acuity Brands, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>)&nbsp;reported a fiscal third-quarter 2024 net sales decline of 3.2% year-over-year to $968.1 million, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/g39519517/acuity-brands-reports-fiscal-2024-third-quarter-results" rel="noreferrer noopener">analyst consensus estimate of $1.01 billion</a>.&nbsp;
It clocked an adjusted EPS of $4.15, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $4.13</a>.
Sales by segments: Acuity Brands Lighting (ABL) and Lighting Controls revenue hit $898.5 million (-4.5% Y/Y), and Intelligent Spaces Group (ISG) clocked $75.7 million (+15.0% Y/Y).
The consolidated adjusted operating margin grew by 100 bps to 17.3%. ABL&#8217;s adjusted operating margin expanded by 100 bps to 18.0%. ISG's margin increased by 340 bps to 22.9%.
The company generated $445.1 million in operating cash flow for the first nine months of fiscal 2024, a decrease of $26.4&nbsp;million compared to the prior year.
Adjusted EBITDA was $180.0 million, up from $175.6 million a year ago.&nbsp;The margin expanded by 100 bps to 18.6%.
Acuity Brands stock gained over 48% in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>).
Price Action: AYI shares are down 0.73% at $238.01 premarket at the last check Thursday.
Image Credits &#8211; Shutterstock

Earnings

Acuity Brands' Intelligent Spaces Revenue Soars 15% in Mixed Q3 Results

Robert Bosch GmbH is reportedly considering a bid for U.S. appliance manufacturer Whirlpool Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), according to three individuals familiar with the situation.
If successful, this acquisition would enhance Bosch&#8217;s presence in the white goods market, Reuters reports.
Whirlpool stock soared Wednesday on the news.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/36020529/strategic-divestiture-whirlpool-to-partially-reduce-ownership-in-indian-subsidiary-in-2024" rel="noreferrer noopener">Strategic Divestiture: Whirlpool To Partially Reduce Ownership In Indian Subsidiary In 2024</a>
Bosch has been consulting with potential advisers regarding a possible offer for Whirlpool, which currently holds a market capitalization of approximately $4.8 billion.
Whirlpool has undergone significant restructuring recently, including merging its European operations into a new entity controlled by Turkish competitor Arçelik and selling off its Middle Eastern and African businesses.
The acquisition of Whirlpool, one of the largest global white goods producers, would significantly bolster Bosch&#8217;s home appliance division. This move is seen as a strategic effort to enhance market position and compete more effectively against growing Asian market players.
Whirlpool stock has lost over 39% in the last 12 months. Investors can gain exposure to the stock via the iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and the Schwab US Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>).
Price Action: WHR shares traded higher by 17.50% at $102.24 at the last check on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/23/08/34038695/burned-by-delay-whirlpool-settles-for-millions-over-hazardous-cooktops" rel="noreferrer noopener">Burned By Delay: Whirlpool Settles For Millions Over Hazardous Cooktops</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Grzegorz Czapski via Shutterstock

Movers

Media

Home Appliances Giant Whirlpool Stock Is Soaring On Wednesday - Here's Why

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is experiencing a challenging period in its core business of selling video games and related merchandise.
However, its strategy of earning interest on large cash reserves has provided some financial relief, transforming it into something resembling a bank rather than a traditional retailer.
After a dramatic rise in its stock value in early 2021, GameStop&#8217;s shares have since dropped to $23 each, giving the company a market capitalization of around $8 billion, Reuters reports.
Despite this decline, the company&#8217;s enterprise value is more than double that of Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), whose sales are also declining but at a slower rate.
Despite the efforts to stabilize its finances, GameStop has kept its business model the same.
GameStop&#8217;s growing cash reserves provide a crucial buffer. If the company maintains its current operating cash burn rate, it could sustain itself for another decade, Reuters noted.
Additionally, by investing its $3 billion cash pile in U.S. treasuries yielding around 5%, GameStop could earn nearly $40 million in interest each quarter, offering a significant financial boost despite its declining core business.
In many ways, GameStop functions like a bank, utilizing cash reserves to generate income rather than relying solely on its traditional retail operations.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39408371/whats-going-on-with-gamestop-stock-thursday" rel="noreferrer noopener">Analysts had criticized</a> the company&#8217;s business model. However, experts anticipated that the company&#8217;s strong cash position and new video game console releases from Sony, Nintendo, and Microsoft would provide support.
Investors can gain exposure to GameStop via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>).
Price Action: GME shares traded lower by 1.65% at $24.52 premarket at the last check on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy 1take1shot On Shutterstock

Tech

What's Going On With GameStop Stock On Wednesday?

Wolfspeed Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) has reportedly postponed plans to build a $3 billion plant in Germany, underlining the European Union&#8217;s ongoing challenges to boost semiconductor production and lessen dependency on Asian chips.
The proposed facility in Saarland, intended to manufacture chips for electric vehicles, is still in the planning stages and seeking funding, Reuters reported, citing a company spokesperson.
Wolfspeed has reduced capital spending due to weak EV markets in Europe and the U.S. and is now concentrating on ramping up production in New York.
Construction in Germany is delayed until mid-2025, two years later than planned.
The company faces pressure from an activist investor to improve shareholder value after its stock fell around 50% over the past year. Other companies, including Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), have announced plans for new European plants following the EU&#8217;s 2022 Chips Act aimed at raising €43 billion ($47 billion) to strengthen the semiconductor industry.
However, two years later, only some projects were underway, and even fewer had yet to receive European Commission approval for state aid.
<a target="_blank" href="https://www.benzinga.com/news/24/05/38582029/wolfspeed-analysts-slash-their-forecasts-following-q3-results" rel="noreferrer noopener">Analysts lowered their</a> price targets on Wolfspeed due to disappointing third-quarter revenue results. Although the company reported a slightly smaller adjusted loss than expected, its revenue of $200.7 million fell short of estimates. The price target adjustments reflect concerns over Wolfspeed&#8217;s ability to meet revenue expectations despite operational progress.
Previously, <a target="_blank" href="https://www.benzinga.com/news/24/04/38115162/wolfspeed-at-a-crossroads-analyst-points-to-competitive-pressures-ev-slowdown-impact" rel="noreferrer noopener">analysts had flagged</a> pricing and margin challenges due to intense rivalry and lackluster EV demand.
Wolfspeed stock lost 50% in value in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: WOLF shares traded higher by 0.04% at $26.01 premarket at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

INTC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

WOLF

What's Going On With Wolfspeed Stock Thursday?

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares were trading higher in the premarket in a volatile Monday session, indicating a possible rebound.
Last Friday, the stock closed lower by 39% after the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39224137/gamestop-releases-q1-results-ahead-of-roaring-kitty-event-files-prospectus-to-raise-capital-via-equ" rel="noreferrer noopener">fiscal first-quarter earnings</a> ahead of its schedule and Roaring Kitty held a live stream.
While many were looking for an updated thesis on why Gill is investing heavily in GameStop once again, several investors <a target="_blank" href="https://www.benzinga.com//node/39237023" rel="noreferrer noopener">were left with more questions</a> after the stream.
The livestream ended up being disappointing for investors and the stock.
The video game retailer reported net sales of $881.8 million, down from $1.237 billion last year, lagging the analyst consensus estimate of $995.3 million.
GameStop reported an EPS loss of $(0.12), missing the&nbsp;analyst consensus estimate loss of $(0.09).
The quarterly net loss improved to $(32.3) million, down from $(50.5) million last year. GameStop also&nbsp;disclosed an at-the-market offering program, which permitted the sale of up to 75 million shares.
This added to the 45 million shares sold last month, which raised $933 million.
Last week, Keith Gill, also known as Roaring Kitty, expressed his backing for CEO Ryan Cohen during an Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube livestream, the Financial Times <a target="_blank" href="https://www.ft.com/content/c2293c65-5aba-43ea-b7dd-21190baa94fc" rel="noreferrer noopener">reports</a>.
The retailer&#8217;s core business has been declining, with store numbers shrinking by over a quarter in five years, but investment gains have mitigated some losses.
Gill confirmed his significant investment in GameStop and denied working with any third-party funder.
Investors can gain exposure to the GameStop stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and SPDR MidCap Trust Series I (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDY#NYSE">MDY</a>).
Price Action: GME shares traded lower by 3.05% at $27.36 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

GOOG

GOOGL

What's Going On With GameStop Stock On Monday?

Video game retailer GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date.
The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a <a href="https://www.benzinga.com/pressreleases/24/06/g39222992/gamestop-discloses-first-quarter-2024-results" target="_blank" rel="noreferrer noopener">consensus estimate of $995.3 million</a>.
The company reported a loss of 12 cents per share, missing the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimate of a loss of 9 cents per share.</a>
The performance reflects customers transitioning to video games and collectibles online, while the retailer depended on brick-and-mortar stores, according to Reuters.
The gross margin improved by 450 bps to 27.7%. The quarter&#8217;s net loss was $32.3 million, down from $50.5 million last year.
The company held $1.08 billion in cash and equivalents as of May 4, 2024.
The stock got a <a href="https://www.benzinga.com/news/24/06/39210792/whats-going-on-with-gamestop-stock" target="_blank" rel="noreferrer noopener">boost from the</a> return of  Keith Gill, also known as Roaring Kitty, to social media following three years of hush. Gill is known for spearheading the meme stock movement.
GameStop will be the subject of a YouTube livestream by meme trader Gill later Friday.
GameStop also <a href="https://news.gamestop.com/node/20566/html" target="_blank" rel="noreferrer noopener">filed a prospectus supplement</a> with the SEC regarding its at-the-market offering program, which allows the sale of up to 75 million shares.
Before this filing, GameStop sold 45 million shares on May 17, generating about $933.4 million in gross proceeds. 
The company said it intends to use the net proceeds from the new offering for general corporate purposes, including mergers and acquisition activity.
GameStop&nbsp;stock gained over 78% in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and SPDR MidCap Trust Series I (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDY#NYSE">MDY</a>).
Price Action: GME shares traded lower by 16.9% at $38.64 premarket at the last check on Friday.
Photo via Shutterstock.

Offerings

GameStop Releases Q1 Results Ahead Of 'Roaring Kitty' Event, Files Prospectus To Raise Capital Via Equity Offering

Hertz Global Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRZ#NASDAQ">HRZ</a>) reported first-quarter FY24 sales growth of 1.6% year-on-year to $2.08 billion. Adjusted EPS of $(1.28) missed the analyst consensus<a href="https://www.benzinga.com/markets/equities/24/04/38434391/struggle-for-hertz-continues-as-stock-loses-23-heres-why"> estimate of $(0.44)</a>.
The following are the reactions of various analysts regarding the company's first-quarter earnings.
Goldman Sachs &#8211; Reiterate Sell, slash price target from $7 to $4
Analyst Lizzie Dove noted that Hertz&#8217;s 1Q EBITDA miss has heightened investor concerns, particularly regarding HTZ's First Lien Covenant and its minimum liquidity requirement, which are now increasingly in focus.
Though management expects to refresh the fleet over the next year, the analyst believes cash flow management around the fleet will be the key lever for the company to comply with its covenant requirement.
The analyst's model expects trends to get worse before they get better, with $400 million free cash flow burn in FY24 and does not see a clear catalyst path over the next 12 months.
Vehicle depreciation in 1Q24 increased $588 million, or $339 on a per-unit basis, from 1Q23 and within the $339 per unit increase in the quarter, the company noted that $195 million was related to EVs held for sale.
Of the 20,000 electric vehicles, 10,000 have been sold and the carrying value of the remaining 10,000 have been written down to fair value less costs to sell. Also HTZ decided to sell an additional 10,000 EVs, noted the analyst.
Until there are further proof points on HTZ's ability to turnaround operations and execute on its cost savings strategy, the analyst does not believe HTZ will have sufficient ability to invest meaningfully in the fleet.
BofA Securities &#8211; Downgrade to Underperform from Neutral, slash price target from $9 to $3
According to analyst John P. Babcock, the under performance of HTZ in 1Q was driven by higher fleet costs, which are unlikely to meaningfully subside in the near-term.
Liquidity is also an increasing concern among investors, as HTZ has an older fleet that will need to be refreshed at a time when used vehicles are dropping and new vehicle prices are softening only modestly, noted the analyst.
The analyst said fleet costs are likely to remain above historical levels as used vehicle prices will continue trending lower and that electric vehicle prices are likely to decline further.
With the sizable declines in used vehicle prices, HTZ is collecting fewer proceeds from the sales, the analyst observed.
Rising interest costs in 2024 will limit a potential earnings recovery in 2025, the analyst said.
Morgan Stanley- Reiterate Equal-weight, $9 price target
Analyst Adam Jonas said HTZ posted a surprise negative EBITDA driven by DPU of $592 vs. $342 of Morgan Stanley's expectation as new management appear to be taking more of the up-front pain as they catch up on long overdue mark-to-market on the rental fleet.
Hertz stock lost over 70% in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Invesco S&amp;P MidCap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: HTZ shares were down 5.56% to $4.42 on Friday.
Now Read:<a href="https://www.benzinga.com/short-sellers/24/04/38468155/trumps-stock-loss-means-millions-for-short-sellers-a-lot-of-his-businesses-go-belly-up-quickly"> Trump&#8217;s Stock Loss Means Millions For Short Sellers: &#8216;A Lot Of His Businesses Go Belly Up, Quickly&#8217;</a>
Photo: Shutterstock

Hertz Faces Tough Road Ahead: High Fleet Costs, Liquidity Concerns Trigger Downgrades

If you&#39;re interested in broad exposure to the Mid Cap Blend segment of the US equity market, look no further than the Vanguard Mid-Cap ETF (ARCA:VO), a passively managed exchange traded fund launched on 01/26/2004.
The fund is sponsored by Vanguard. It has amassed assets over $63.11 billion, making it one of the largest ETFs attempting to match the Mid Cap Blend segment of the US equity market.
Why Mid Cap Blend
Mid cap companies, with market capitalization in the range of $2 billion and $10 billion, offer investors many things that small and large companies don&#39;t, including less risk and higher growth opportunities. Thus, companies that fall under this category provide a stable and growth-heavy investment.
Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.
Costs
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF&#39;s expense ratio.
Annual operating expenses for this ETF are 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.52%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 18% of the portfolio. Information Technology and Financials round out the top three.
Looking at individual holdings, Amphenol Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aph#NYSE">APH</a>) accounts for about 0.85% of total assets, followed by Arthur J Gallagher &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajg#NYSE">AJG</a>) and Motorola Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msi#NYSE">MSI</a>).
The top 10 holdings account for about 5.62% of total assets under management.
Performance and Risk
VO seeks to match the performance of the CRSP US Mid Cap Index before fees and expenses. The CRSP US Mid Cap Index targets inclusion of the U.S. companies that fall between the top 70%-85% of investable market capitalization.
The ETF has added roughly 6.10% so far this year and is up about 24.20% in the last one year (as of 03/25/2024). In the past 52-week period, it has traded between $195.66 and $247.32.
The ETF has a beta of 1.08 and standard deviation of 18.78% for the trailing three-year period, making it a medium risk choice in the space. With about 338 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Mid-Cap ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VO is an excellent option for investors seeking exposure to the Style Box - Mid Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares Russell Mid-Cap ETF (ARCA:IWR) and the iShares Core S&amp;P Mid-Cap ETF (ARCA:IJH) track a similar index. While iShares Russell Mid-Cap ETF has $32.61 billion in assets, iShares Core S&amp;P Mid-Cap ETF has $83.50 billion. IWR has an expense ratio of 0.19% and IJH charges 0.05%.
Bottom-Line
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2245283/should-vanguard-mid-cap-etf-vo-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2245283">To read this article on Zacks.com click here.</a>

Mid Cap

Markets

ETFs

Should Vanguard Mid-Cap ETF (VO) Be on Your Investing Radar?

Many stocks&nbsp;have had astonishing&nbsp;growth&nbsp;since the outbreak of the COVID-19 pandemic in 2020, owing to massive amounts of money pumped by central banks and government stimulus, which have fueled consumer spending and the economic recovery.
But one company substantially outperformed the others &mdash; and it has nothing to do with the metaverse, cryptocurrencies, or artificial intelligence and cutting-edge platforms such as <a href="https://www.benzinga.com/topic/artificial-intelligence" target="_blank">OpenAI&#39;s ChatGPT.</a>
Instead, it produces simple&nbsp;energy drinks that are consumed by real people, not avatars.
A $1,000 investment in Celsius Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celh#NASDAQ">CELH</a>) made on March 16, 2020, when the world went in lockdown, would&nbsp;now be&nbsp;worth more than $41,422.
That would have resulted in an over&nbsp;41-fold increase in the amount invested at that time.
No other U.S. large-cap stock had such an explosive increase during the previous three years.
The share price of Celsius Holdings rose from a low of $3.22 in March 2020 to its current level of $133.4, representing&nbsp;a mind-blowing gain of 4,042%.
Chart: Celsius Holdings Skyrocketed After Covid-19
<img alt="" src="https://www.benzinga.com/files/u1363475/celh_2023-05-19_13-44-11_9fcd5.png" style="height:500px; width:100%" />
What Does Celsius Holdings Do?&nbsp;The firm was originally known as Vector Ventures, Inc. until changing its name to Celsius Holdings, Inc. in January 2007.
Under the trademark CELSIUS&reg;, Celsius Holdings produces energy drinks and powder sticks that can be mixed with water.
CELSIUS&reg; beverages come in a variety of sparkling and non-carbonated flavors, including orange, watermelon, a&ccedil;a&iacute;, and lemon-lime. CELSIUS&reg; contains no aspartame, no high fructose corn syrup, no GMOs, no artificial flavors or colors, and no added salt. CELSIUS&reg; products are kosher and vegan, as well as soy, gluten, and sugar-free.
Celsius Holdings sells its products via&nbsp;supermarkets, convenience shops, medicine stores, nutritional stores, mass merchants, as well as&nbsp;health clubs, spas, gyms&nbsp;and e-commerce websites.&nbsp;
And Why Investors Should Better Stay Away Now:&nbsp;It would be wise for any potential new investors to take note of the stock&#39;s remarkable surge since COVID-19, since fundamentals have not performed as the share&nbsp;price did.&nbsp;&nbsp;
<ul>
<li>Since 2019, Celsius Holdings&#39; annual earnings have been steadily dropping&nbsp;and the company has consistently missed&nbsp;analyst annual&nbsp;profit projections.&nbsp;</li>
<li>In 2022, earnings per share (EPS) came in at a&nbsp;negative&nbsp;2.63, below than the market&#39;s expectation of negative 2.42.</li>
<li>Both the past 12&nbsp;month&#39;s EBITDA and earnings are negative, according to <a href="https://pro.benzinga.com/popout/widget/details/AwUKERyNo" target="_blank">Benzinga Pro platform</a>.&nbsp;</li>
<li>EPS is expected to increase to $1.49 in fiscal year 2023, $2.22 in fiscal year 2024&nbsp;and $3.23 in fiscal year 2025.&nbsp;</li>
<li>Celsius Holdings&#39; current stock price is 135 times&nbsp;the company&#39;s estimated earnings over the next 12&nbsp;months (forward P/E ratio), which makes this stock extremely expensive.&nbsp;</li>
<li>
The amount of short positions as a percentage of float is 31%.
</li>
</ul>
Most-Exposed Exchange Traded Funds to Celsius Holdings: Three thematic ETFs presently have more than 4% of their portfolio exposed to Celsius Holdings, according to Koyfin data.&nbsp;
<ul>
<li>Advisors Series Trust - VegTech Plant-based Innovation &amp; Climate ETF (ARCA: EATV), holds 1,940 shares of&nbsp;Celsius Holdings, corresponding to 5.03% of its portfolio.&nbsp;</li>
<li>
Global X Funds - Global X Health &amp; Wellness ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfit#NASDAQ">BFIT</a>),&nbsp;holds 7,430 shares of&nbsp;Celsius Holdings, corresponding to 4.68% of its portfolio.&nbsp;
</li>
<li>
Series Portfolios Trust - Subversive Mental Health ETF (ARCA: SANE), holds 199 shares of&nbsp;Celsius Holdings, corresponding to 4.22% of its portfolio.
</li>
<li>
Celsius Holdings is also included in two popular U.S. broad equity ETFs, the iShares Core S&amp;P Mid-Cap ETF (ARCA: IJH) and the iShares Russell 2000 ETF (ARCA: IWM), but with a marginal weight of roughly 0.3%.
</li>
</ul>
Read Next:&nbsp;<a href="https://www.benzinga.com/news/earnings/23/05/32466450/up-over-2-600-in-5-years-wall-street-still-calls-celsius-a-buy" target="_blank">Up Over 2,600% In 5 Years, Wall Street Still Calls Celsius A Buy</a>
Photo: Courtesy Celsius
<ul>
</ul>
&nbsp;

Biotech

Short Ideas

Specialty ETFs

New ETFs

Small Cap Analysis

Opinion

Startups

Small Business

BFIT

CELH

Advisors Series Trust VegTech Plant-based Innovation & Climate ETF

EATV

SANE

If You Invested $1,000 In This Energy Drink Stock When COVID-19 Lockdowns Started, You'd Now Have Over $41,000 — And It May Be Time To Sell

On CNBC&rsquo;s &quot;<a href="https://www.cnbc.com/video/2023/01/09/final-trades-gxo-becton-dickinson-freeport-mcmoran-more.html">Halftime Report Final Trades</a>,&quot; Liz Young of BNY Mellon Investment Management named iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>), saying that &quot;mid-caps are a good place to be&quot; and <a href="https://www.benzinga.com/news/23/01/30332910/tesla-moderna-and-these-2-stocks-insiders-are-selling"> also trading at a nice valuation.</a>
Stephen Weiss of Short Hills Capital Partners named GXO Logistics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gxo#NYSE">GXO</a>). Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised the price target from $45 to $60.
Benzinga data shows that analysts agree, giving GXO an <a href="https://www.benzinga.com/quote/GXO/analyst-ratings">Overweight consensus rating.</a>
<a href="https://www.benzinga.com/quote/GXO/analyst-ratings"><img alt="" src="https://www.benzinga.com/files/u449135/gxo.jpg" style="height:123px; width:623px" /></a> 
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Jason Snipe of Odyssey Capital Advisors named Becton Dickinson and Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdx#NYSE">BDX</a>) and said procedural volumes will pick up in 2023.
Joseph Terranova of Virtus Investment Partners named&nbsp;Freeport-McMoRan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcx#NYSE">FCX</a>) as his final trade.
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/01/30346292/investor-optimism-improves-after-nasdaq-settles-higher"> Investor Optimism Improves After Nasdaq Settles Higher </a>

Becton Dickinson, Freeport-McMoRan, GXO Logistics And This Mid-Cap ETF On CNBC's 'Final Trades'

<ul>
<li>Callaway Golf Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ely#NYSE">ELY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/n21521870/callaway-golf-set-to-join-s-p-midcap-400-apollo-medical-to-join-s-p-smallcap-600" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">is set to replace</a>&nbsp;GrubHub Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grub#NYSE">GRUB</a>) in the S&amp;P MidCap 400.</li>
<li>The S&amp;P MidCap 400 index comprises 400 companies with midrange market capitalization, between $200 million and $5 billion.</li>
<li>Callaway&#39;s addition comes after the British-Dutch company online food ordering company,&nbsp;Just Eat Takeaway.com NV&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tkayf#OTC">TKAYF</a>),&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/21/06/21513947/grubhub-shareholders-approve-just-eat-takeaway-coms-acquisition-offer" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">agreed to acquire GrubHub</a>.</li>
<li>Callaway&#39;s market cap stands at $5.35 billion as of Thursday&#39;s close.</li>
<li>Price Action:&nbsp;ELY shares are trading lower by 4.28% at $33.75 in premarket trading on last check Friday.</li>
</ul>

GRUB

IVOO

TKAYF

Callaway Golf Set To Enter S&P Midcap 400 Index

Large caps led the way in 2019, but there were some solid performances among smaller names. For example, the S&amp;P MidCap 400 Index, one of the most widely followed gauges of mid-cap equities, returned 24%.
<h3>What Happened</h3>
Investors looking to get involved with <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/09/14418487/3-mid-cap-etfs-for-an-overlooked-asset-class">oft-overlooked mid caps</a>, one of the best-performing equity market segments, in 2020 ought to consider the iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>). Home to $53.6 billion in assets under management, IJH is one of the largest mid-cap ETFs.
Mid caps have some important advantages, including faster earnings growth than large-cap companies and sturdier finances than smaller companies. Those traits, among others, facilitate superior long-term outcomes.
&ldquo;From Jan. 31, 1995, through Dec. 19, 2019, the S&amp;P MidCap 400 Index outperformed the S&amp;P 500 and the S&amp;P SmallCap 600 indexes by 195 and 76 basis points annualized, respectively,&rdquo; <a href="https://www.morningstar.com/articles/960653/this-etf-offers-high-quality-mid-cap-stocks-at-a-bargain">Morningstar said in a recent note</a>.
<h3>Why It&#39;s Important</h3>
IJH, which tracks the S&amp;P MidCap 400 Index, has an expense ratio of just 0.06% per year, or $6 on a $10,000 investment. Only a handful of ETFs in this category have lower fees.
&ldquo;This cost advantage has translated into strong category-relative performance over the long term,&rdquo; said Morningstar. &ldquo;Over the trailing 10 years through June 2019, the fund outperformed the category average by 208 basis points annualized while exhibiting slightly greater risk. On a risk-adjusted basis, the fund outperformed the mid-blend category average. Overall, this fund should continue to enjoy a durable long-term edge over many of its competitors because of its low expense ratio and lower-than-average cash drag.&rdquo;
Mid-cap investing means an increase in volatility relative to large-cap benchmarks as highlighted by IJH&#39;s three-year <a href="https://www.ishares.com/us/products/239763/?referrer=tickerSearch">standard deviation of 14.64%</a>, but that isn&#39;t overly turbulent and compares favorably some well-known small-cap indexes.
<h3>What&#39;s Next </h3>
&ldquo;The fund&#39;s sector exposures are currently similar to the category average. It does not constrain its sector allocation, and this may lead to overallocation to some sectors as they become more richly valued and have lower expected returns,&rdquo; said Morningstar.
IJH devotes 35% of its combined weight to financial services and industrial names while the technology and consumer discretionary sectors combine for 29%.
In other words, IJH leans heavily toward higher beta, cyclical sectors and its weight to defensive groups is relatively low.
Morningstar has a Gold rating on IJH, the highest rating the research firm bestows upon ETFs.
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Analyst Color

Long Ideas

Broad U.S. Equity ETFs

A Gold-Engraved Invitation To Mid-Cap Stocks

Some investors may think that because mid-cap stocks are smaller than large- and mega-cap stocks, paying up for higher fee actively managed mutual funds to access this asset class. Data don&#39;t confirm that notion.
The $51.36 billion iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>) is the largest mid-cap ETF and charges <a href="https://www.ishares.com/us/products/239763/?referrer=tickerSearch">just 0.07% per year</a>, or $7 on a $10,000 investment. However, cost-effective is just one of IJH&#39;s favorable traits.
&ldquo;The average mid-cap core mutual fund rated by CFRA generated a 10.3% three-year annualized total return as of November 1, lagging the 11.7% return for iShares Core S&amp;P Mid-Cap ETF (IJH),&rdquo; <a href="The average mid-cap core mutual fund rated by CFRA generated a 10.3% three-year annualized total return as of November 1, lagging the 11.7% return for iShares Core S&amp;P Mid-Cap ETF (IJH). The collective performance was hurt by charging on average a 1.2% net expense ratio (IJH charges just 0.07), but also by stock selections.">CFRA Research </a>Director of ETF &amp; Mutual Fund Research Todd Rosenbluth said in a recent note. &ldquo;The collective performance was hurt by charging on average a 1.2% net expense ratio (IJH charges just 0.07), but also by stock selections.&rdquo;
<h3>Why It&#39;s Important </h3>
Mid-cap stocks are often dubbed the forgotten or overlooked segment of the equity market, but historical data confirm the group&#39;s utility. Over long holding periods, mid-cap stocks often outperform large-cap stocks by sizable margins while offering less volatility than small-cap stocks.
&ldquo;Despite a strong combination of growth and stability traits that should garner significant interest, mid-cap stocks remained under the radar,&rdquo; Rosenbluth said.
Some data points suggest investors are warming to mid-cap ETFs. For example, IJH, which tracks the S&amp;P MidCap 400 Index, has seen 2019 inflows of $1.19 billion.
<h3>What&#39;s Next</h3>
IJH allocates over a third of its weight to industrial and financial services stocks, giving it a cyclical fee. Adding to that cyclical bias with a growth tilt is the fund&#39;s nearly 28% combined weight to technology and consumer discretionary stocks.
Those sector leanings due create higher volatility; IJH&#39;s three-year standard deviation is almost 500 basis points higher than the S&amp;P 500&#39;s. However, mid-cap stocks&#39; often deliver superior risk-adjusted returns relative to their larger peers, rendering the higher volatility a moot point.
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Why ETFs Are The Better Way To Mid-Cap Stocks

Mid-cap stocks and the related exchange traded funds, including the iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>) are starting to receive <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/09/14455000/how-cheapskates-can-access-mid-caps">more attention and rightfully so</a>, but before investors run blindly into often overlooked mid caps, knowing why stocks in the middle are durable long-term performers is essential.
<h3>What Happened</h3>
The $49.84 billion IJH, the largest mid-cap ETF on the market, tracks the S&amp;P MidCap 400 Index, undoubtedly the marquee mid-cap benchmark.
&ldquo;Mid-cap stocks are often overlooked, and yet, over the past 15 years, they have outperformed both large- and small-cap stocks,&rdquo; <a href="https://www.morningstar.com/articles/946517/demystifying-us-mid-cap-indexing">said Morningstar in a recent note</a>. &ldquo;There is no structural reason to justify this, nor is there a reason to believe it will continue. However, mid-cap stocks warrant more attention than they currently garner.&rdquo;
<h3>Why It&#39;s Important</h3>
Additionally, mid-cap stocks <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/09/14418487/3-mid-cap-etfs-for-an-overlooked-asset-class">offer better growth potential</a> than large-cap rivals and less volatility than smaller stocks and while there may not be structural explanations for why mid-cap stocks outperform, there are important structural differences between ETFs like IJH and the iShares Core S&amp;P 500 ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivv#NYSE">IVV</a>).
&ldquo;IJH provides better sector- and single-stock diversification compared with large caps, as measured by IVV,&rdquo; said Morningstar. &ldquo;For example, technology stocks make up roughly 17% of IJH&#39;s portfolio versus 24% for IVV. Mid-cap funds are also more diversified at a single-stock level. IJH&#39;s top 10 holdings represent about 6% of its portfolio versus about 21% for IVV.&rdquo;
Financial services, industrial and technology stocks combine for about 47% of IJH&#39;s weight whereas the three largest sectors in the S&amp;P 500 &ndash; technology, health care and financials &ndash; combine for 48% of the benchmark&#39;s weight with almost 22% devoted just to technology.
<h3>What&#39;s Next</h3>
Another factor to consider, particularly at a time when trade tensions are still running higher, is that mid caps are more domestically focused than large caps. In part, that&#39;s attributable to funds such as IJH often being overweight real estate and utilities stocks relative to the S&amp;P 500.
&ldquo;Finally, mid-caps provide more targeted exposure to the U.S. economy than large caps. Morningstar&#39;s revenue exposure by region data shows that the companies in IJH&#39;s portfolio generate roughly 77% of their revenues in the United States versus 62% for IVV,&rdquo; according to Morningstar.
The average market cap of IJH&#39;s holdings is $5.1 billion, but that figure drifts beyond $15 billion in some rival mid-cap ETFs.
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Uncovering The Marvel Of Mid-Cap ETFs

This year, mid-cap stocks and the related exchange traded funds are, well, in the middle. Up 18.9% year to date, the $49.82 billion iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>), which tracks the S&amp;P MidCap 400 Index, is beating the S&amp;P SmallCap 600 Index while trailing the large-cap S&amp;P 500.
<h3>What Happened</h3>
It&#39;s not unusual for mid-cap stocks to outperform their smaller peers and, over longer holding periods, middle stocks have made a habit of beating large caps, too.
&ldquo;Mid-cap stocks have often been overlooked in favor of other size ranges in investment practice and in academic literature,&rdquo; said S&amp;P Dow Jones Indices <a href="https://us.spindices.com/documents/research/research-sp-midcap-400-outperformance-and-potential-applications.pdf">in a recent note</a>. &ldquo;Yet mid-cap shave outperformed large-and small-caps, historically:the S&amp;P MidCap 400 has beaten the S&amp;P 500 and the S&amp;P SmallCap 600 by an annualized rate of 2.03% and 0.92%, respectively, since December 1994.&rdquo;
Adding to the case for mid-cap ETFs such as IJH is that these funds are often less volatile than small-cap equivalents. Over the past three years, IJH&#39;s annualized volatility is 210 basis points below that of the S&amp;P SmallCap 600 Index.
<h3>Why It&#39;s Important</h3>
Even with the obvious benefits of mid-cap ownership, many investors, including professionals such as fund managers, remain under-allocated to the asset class.
&ldquo;Based on overall market capitalization, we might expect funds to allocate twice as much to mid-caps compared to small-caps,&rdquo; said S&amp;P Dow Jones. &ldquo;Instead, the aggregate core allocation to small-and mid-caps is approximately the same: investors appear to have a preference for small-caps over mid-caps in their core holdings.&rdquo;
Mid-cap funds can also be avenues for reducing sector and stock-specific risk. For example, none of IJH&#39;s holdings exceed a weight of 0.75% and its largest sector of 16.35% (financials) is well below the largest sector allocation in the S&amp;P 500 (technology).
<h3>What&#39;s Next</h3>
Fund managers underweight to mid caps may come by way of there being a dearth of active mid-cap funds to choose from, further boosting the allure of inexpensive, passive products like IJH.
&ldquo;Mid-cap was also the only category to report a decline in the total number of active funds between December 2003 and December 2018,&rdquo; according to S&amp;P Dow Jones. &ldquo;Combined with an apparent under-allocation of mid-caps compared to small-caps in core allocations, Exhibit 3 suggests that mid-caps have not received the same level of investor interest as small-caps.&rdquo;
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Stop Missing Out On Mid-Caps

Following a fairly volatile March that saw the Fed turn overtly dovish, it&rsquo;s not unreasonable to suspect that many traders and investors are looking for ways to re-allocate their capital to enhance returns and diversify their exposure across the equity market for the quarters ahead.
One avenue they could consider taking a cue from is the <a href="https://www.quantamize.com/Marketing/Q-Folios?utm_source=Bezinga&amp;utm_medium=Article&amp;utm_campaign=Which-Broad-Market-ETFs-Should-You-Buy-Right-Now'">Global Stocks ETF Q-Folio</a>, created and maintained by investment research platform <a href="https://www.quantamize.com/About/Learn-More?utm_source=Bezinga&amp;utm_medium=Article&amp;utm_campaign=Which-Broad-Market-ETFs-Should-You-Buy-Right-Now">Quantamize</a><a href="https://www.quantamize.com/About/Learn-More?utm_source=Bezinga&amp;utm_medium=Article&amp;utm_campaign=Which-Broad-Market-ETFs-Should-You-Buy-Right-Now">.</a> The Q-Folio&rsquo;s holdings are compiled and weighted by the platform&rsquo;s AI to create a robust diversified portfolio of ETFs from across the globe.
Below are the Q-Folio&rsquo;s top four ETF holdings by weight:
<a href="https://www.benzinga.com/files/u105576/1_30.png" onclick="imce.send('1_30.png'); return false;" title=""><img alt="1_30.png" src="https://www.benzinga.com/files/u105576/1_30.png" /></a> 
Image courtesy of Quantamize
You can see that, despite the March volatility, U.S. index ETFs dominate the top spots in the portfolio, which was reallocated at the start of the month.
Looking back over 2019&rsquo;s first quarter, all three of the large-cap, broad market ETFs managed to end each of the past three months in the green: the SPDR S&amp;P 500 ETF Trust (NYSE:SPDR) and the PowerShares QQQ Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) both finished up by about 8 percent, while the Vanguard Total Stock Market ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vti#NYSE">VTI</a>) ended slightly higher at 8.6 percent.
<a href="https://www.quantamize.com/About/Learn-More?utm_source=Bezinga&amp;utm_medium=Article&amp;utm_campaign=Which-Broad-Market-ETFs-Should-You-Buy-Right-Now">Great Trade, Great Data, Always Free. Click here to learn more.</a>
Since then, SPDR and VTI have shed some momentum, both posting about a 3 percent gain over February, and just over 1 percent in March. QQQ has also slowed somewhat, picking up roughly 3.9 percent in February while logging just 3 percent growth in March.
In terms of fund flow, the VTI has been an industry leader over the last six months. And with the Q1 earnings season around the corner, it&rsquo;s possible that many broad market funds will see an upswell in volatility and fund flow. You can see below that, when compared to other broad market ETFs, investor capital coming into VTI far outpaces that of similar funds.
<a href="https://www.benzinga.com/files/u105576/2_23.png" onclick="imce.send('2_23.png'); return false;" title=""><img alt="2_23.png" src="https://www.benzinga.com/files/u105576/2_23.png" /></a> 
Image courtesy of Quantamize
However, while the broad, market-cap-weighted ETFs take the top spots in the Q-Folio, mid-caps are represented in the iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>), which is up about 16 percent YTD. That growth marks the best quarterly performance the ETF has seen in more than five years.
<a href="https://www.benzinga.com/files/u105576/3_16.png" onclick="imce.send('3_16.png'); return false;" title=""><img alt="3_16.png" src="https://www.benzinga.com/files/u105576/3_16.png" /></a> 
Image courtesy of Quantamize
In fact, IJH actually outperformed SPY, QQQ and VTI in both January and February, posting more than 10 and 4 percent gains in each of the respective months. However, it was also the only fund of the four to post a monthly loss of 0.9 percent in March.
While the recent record-setting gains in IJH might be appealing, the fund&rsquo;s extended performance actually improves its profile. You can see in the charts below that the fund&rsquo;s relative multi-year performance puts it as a solid middle-of-the-road choice among long-term broad market funds.
<a href="https://www.benzinga.com/files/u105576/4_5.png" onclick="imce.send('4_5.png'); return false;" title=""><img alt="4_5.png" src="https://www.benzinga.com/files/u105576/4_5.png" /></a> 
Image courtesy of Quantamize
Overall, mid-cap funds like the IJH are among the best performing broad market equity ETFs over an extended period. In fact, IJH beats out SPDR, QQQ and VTI over the past 20 years by more than 100 percentage points, and only trails the QQQ over a five-year span.
Given the start of a new quarter, investors would do well to consider broad market ETFs like these, as well as the other funds in the Global Stocks ETF Q-Folio, in order to capture fresh allocation activity happening across the equity space.
Quantamize is a content partner of Benzinga

Which Broad Market ETFs Should You Buy Right Now?

Historically, stocks perform well in the month of December, but that reputation was betrayed in significant fashion in 2018.
On a total return basis, which includes paid dividends, the SPDR S&amp;P 500 ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>), the world&#39;s largest exchange traded fund, lost 10 percent last month. Underscoring the weakness in U.S. equities to end 2018 is the point that SPY was far from being the worst offender among domestic broad market ETFs.
<h3>What Happened</h3>
Another point paints the picture of just how bad things were for U.S. stocks last month: the only other December on record that was worse for the S&amp;P 500 than December 2018 was December 1931 when the index tumbled 14.5 percent.
&ldquo;However, the widespread losses across sectors, styles and sizes in the broad U.S. equity market was remarkable with every major segment down in December,&rdquo; said S&amp;P Dow Jones Indices Managing Director Jodie Gunzberg <a href="http://www.indexologyblog.com/2019/01/02/the-2nd-worst-december-is-only-half-the-story/">in a recent note</a>.&nbsp;&ldquo;Only 9 times in history has every segment of the U.S. equity market lost in a month (with all sector data starting in 1995 and style data in 1997.) Those months were Aug. 2015, Sep. 2011, May and Jun. 2010, Jan. and Feb. 2009, Oct. 2008, and Jul. and Sep, 2002.&rdquo;
<h3>Why It&#39;s Important</h3>
As Gunzberg points out, mid- and small-caps weren&#39;t immune from the December downdraft. The iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>), which tracks the S&amp;P MidCap 400 Index, dropped 12.1 percent on a total return basis last month. The iShares Core S&amp;P Small-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijr#NYSE">IJR</a>), which targets the S&amp;P SmallCap 600 Index, fell 12.7 percent in December.
&ldquo;Not only was every segment of U.S. equities negative in December but 33 of 42 segments had their worst December ever,&rdquo; said Gunzberg. &ldquo;For the 9 other segments, 7 recorded their 2nd worst Decembers and 2 had their 3rd worst Decembers.&rdquo;
For IJH and IJR, December 2018 was the worst December on record for those ETFs and that&#39;s saying something because both funds have lengthy track records, having debuted in May 2000.
<h3>What&#39;s Next</h3>
That&#39;s hard to forecast, but the Health Care Select Sector SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xlv#NYSE">XLV</a>) and Utilities Select Sector SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xlu#NYSE">XLU</a>) were among the sector ETFs that held up fairly well last month.
&ldquo;What&rsquo;s next for equities is impossible to know for sure, especially when there has only once been a December this bad,&rdquo; said Gunzberg. &ldquo;While the year ended down 6.2% for the S&amp;P 500, its worst in a decade, there were 22 years prior with worse returns.&rdquo;
History suggests January rebounds often follow dismal Decembers on par with December 2018, but there are some instances in which a bad December was followed by January declines.
Related Links:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12922150/it-may-be-time-to-look-at-this-etf-of-etfs">This ETF Could Be Ready To Soar</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/01/12922130/a-decent-outlook-for-consumer-discretionary-etfs">Consumer Cyclical ETFs Could Perk Up</a>

Sector ETFs

A December To Forget For Equity ETFs

Among the three major market capitalization segments &ndash; large, mid and small &ndash; large caps are usually the least volatile. That wasn&#39;t the case in November as the S&amp;P MidCap 400 Index was less volatile than the large-cap S&amp;P 500.
Historically, mid-cap stocks outperform large caps, but do so with more risk.
What Happened
The iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>), the largest mid-cap exchange traded fund tracks the S&amp;P MidCap 400. IJH&#39;s three-year standard deviation <a href="https://www.ishares.com/us/products/239763/">is 11.78 percent</a>, well above the 9.39 percent on the iShares Core S&amp;P 500 ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivv#NYSE">IVV</a>).
&ldquo;While the <a href="https://us.spindices.com/indices/equity/sp-400">S&amp;P MidCap 400</a> risk of 19.1% and <a href="https://us.spindices.com/indices/equity/sp-600">S&amp;P SmallCap 600</a> risk of 21.8% were also elevated ending Nov. 30, 2018, it is interesting to note the large-cap risk was higher than the mid-cap risk,&rdquo; said S&amp;P Dow Jones Indices <a href="http://www.indexologyblog.com/2018/12/03/mid-caps-less-risky-than-large-caps/">in a recent note</a>. &ldquo;The last November when this happened occurred in 2007.&rdquo;
As of Dec.&nbsp;3, IJH was up 1 percent year-to-date, trailing IVV and the S&amp;P SmallCap 600 Index, but the mid-cap has been less volatile than the S&amp;P 500 and the S&amp;P SmallCap 600 this year. IJH&#39;s maximum drawdown this year is also smaller than the S&amp;P 500&#39;s.
Why It&#39;s Important 
While mid caps can outperform large caps, consistently harnessing that theme without a buy-and-hold strategy can be difficult.
&ldquo;Going back to 1991, when the S&amp;P MidCap 400 was launched, it has delivered on average 3.2% extra of annualized return but at a cost of higher 1.4% annualized risk, based on daily data from Jan. 2, 1991 &ndash; Nov. 30, 2018.&nbsp; It seems attractive to have earned that premium but it is not available consistently,&rdquo; said S&amp;P. &ldquo;Note, over many commonly measured periods, mid-caps underperform large-caps.&nbsp; Though, in November, mid-caps outperformed.&rdquo;
Historical data also indicate that mid-cap stocks perform less poorly than large caps when markets decline. For every 1 percent the S&amp;P 500 declines, the S&amp;P MidCap 400 usually responds with a loss of 0.97 percent, according to S&amp;P data.
What&#39;s Next 
One reason IJH was sturdy last month was lack of exposure to the energy sector, the worst-performing mid-cap sector in November. IJH allocates just 4.51 percent of its weight to energy stocks, lower than all but two sectors represented in the fund.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/12/12792140/one-bank-etf-worth-depositing-with">Know This Bank ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/12/12792112/battered-leveraged-mexico-etf-keeps-luring-traders">Traders Love This ETF</a>

A Surprising Group Was Less Volatile Than Large Caps in November

Small-cap stocks and the relevant exchange-traded funds are trouncing their large-cap counterparts this year, a theme that isn&#39;t showing much sign of abating.
The iShares Core S&amp;P Small-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijr#NYSE">IJR</a>), which tracks the S&amp;P SmallCap 600 Index, is up 18.3 percent this year while ETFs and index funds tracking the larges-cap S&amp;P 500 were higher by 9.7 percent.
<h3>What Happened</h3>
Last month, the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12238855/the-longest-bull-run-in-history-not-everybody-agrees">U.S. bull market became the longest on record</a>. Of course that means some stellar returns for the S&amp;P 500 and large-caps since March 10, 2009, but smaller stocks have been even more impressive.
&ldquo;While the record-breaking Bull market for the <a href="https://us.spindices.com/indices/equity/sp-500">S&amp;P 500</a> is spectacular, mid-caps and small caps did even better,&rdquo; <a href="http://www.indexologyblog.com/2018/09/04/the-biggest-bull-didnt-win/">said S&amp;P Dow Jones Indices</a>.&nbsp;&ldquo;The S&amp;P MidCap 400 posted an annualized 18.6% equity return and 20.5% with dividends, and the S&amp;P SmallCap 600 posted an annualized 20.9% equity return and 22.4% with dividends.&rdquo;
The iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>) and the SPDR S&amp;P MidCap 400 ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdy#NYSE">MDY</a>) are among the ETFs offering exposure to the S&amp;P MidCap 400 Index.
<h3>Why It&#39;s Important</h3>
Smaller stocks continue topping their large-cap rivals. Last month, IJR beat the S&amp;P 500 by 150 basis points. Two months into the third quarter, IJR is beating the S&amp;P 500 by 30 basis points on a quarter-to-date basis.
&ldquo;The small cap outperformance was widened in Aug. with a monthly return of 4.8% versus 3.3% for large caps and 3.2% for mid-caps,&rdquo; according to S&amp;P Dow Jones. &ldquo;It was the sixth straight positive month for small-caps delivering a total return of 20.0% over the period in the strongest run since the six months ending Mar. 2012, when the index gained of 31.2%.&rdquo;
Last month, nine of 11 small-cap sectors generated positive returns.
<h3>What&#39;s Next</h3>
Sectors such as health care and industrials are driving domestic small-cap benchmarks higher this year. Those sectors combine for nearly a third of IJR&#39;s weight.
&ldquo;For example, <a href="https://us.spindices.com/indices/equity/sp-600-industrials-sector">industrials</a>, the biggest sector in the S&amp;P 600, is having its best year since 1997, up 17.5% ytd, and its third best on record,&rdquo; according to S&amp;P Dow Jones. &ldquo;The smaller companies of this sector may be more insulated from U.S.-China trade tensions and also has less <a href="http://www.indexologyblog.com/2018/07/02/small-cap-premium-is-5th-biggest-in-history/">revenues coming from overseas</a> so has outperformed the large-cap industrials. Also, heath care in small caps is having its second best year on record, up 47.4%, the best ytd performance since 2000.&rdquo;
<iframe allow="autoplay; encrypted-media" frameborder="0" height="315" src="https://www.youtube.com/embed/kqr-h-pmky4" width="560"></iframe>
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<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/09/12288479/best-sector-etfs-for-september-fed-plays">Best Sector ETFs For September</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/08/12288770/china-etfs-try-to-rebound-from-trade-war-concerns">Calling On China ETFs</a>

iShares Core S&P Mid-Cap ETF

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