Investors don't often associate the technology sector with value havens, but data suggest the Technology SPDR (ETF) (NYSE: XLK), the largest technology sector exchange-traded fund, has the makings of a credible value play.
The $13.1 billion XLK has, somewhat quietly, gained 7.9 percent year-to-date, good for the second-best performance among the nine sector SPDR ETFs. However, that is still 600 basis points behind the surging Consumer Discretionary SPDR (ETF) (NYSE: XLY).
Still, XLK's 2015 performance is impressive considering the ETF allocates a combined 6.1 percent of its weight to Intel Corporation (NASDAQ: INTC) and International Business Machines Corp. (NYSE: IBM), two of the 14 members of the Dow Jones Industrial Average that have traded lower this year.
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