Over the past 12 months, the Technology Select Sector SPDR Fund (XLK) – a member of the Kiplinger ETF 20, our favorite exchange-traded funds – has returned a loss of 10.5%, lagging a 5.0% loss in the S&P 500 Information Technology Index.
Both the ETF and the index are weighted by market value and include the same companies – the 69 tech stocks that are members of the S&P 500 stock index. So, what gives?
