{"id":619,"date":"2017-06-11T18:50:18","date_gmt":"2017-06-11T22:50:18","guid":{"rendered":"https:\/\/www.etfresearchcenter.com\/articles\/?p=619"},"modified":"2017-06-11T23:13:10","modified_gmt":"2017-06-12T03:13:10","slug":"defaanged-10-most-exposed-etfs","status":"publish","type":"post","link":"https:\/\/www.etfrc.com\/articles\/index.php\/2017\/06\/11\/defaanged-10-most-exposed-etfs\/","title":{"rendered":"DeFAANGed: 10 Most Exposed ETFs"},"content":{"rendered":"

The market\u2019s \u201cFab Five\u201d technology stocks\u2014Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOGL and\/or GOOG)\u2014often called by their acronym FAANG, had a bad day on Friday after research notes from Goldman Sachs, Deutsche Asset Management and others warned that these stocks were too expensive. Owning these five stocks, which together accounted for more than 40% of the S&P 500\u2019s gains this year before Friday\u2019s selloff according to an article<\/a> in this weekend\u2019s edition of Barron\u2019s, are an extremely crowded trade.<\/p>\n

As these stocks\u2019 market caps grew, so too did their weight in most of the ETFs that hold them. We used our Stock Locator<\/a> tool to find which ETFs hold each of those stocks and their weights in the ETF, and then combined the lists to determine which ETFs have the most overall exposure to FAANG stocks.<\/p>\n

Here are the top 10. Note that the weights shown are post-Friday\u2019s decline. If the selloff in FAANG stocks continues these funds are likely to be hit hard.<\/p>\n

Table 1: 10 ETFs Most Exposed to FAANG Stocks<\/strong><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Ticker<\/strong><\/td>\nName<\/strong><\/td>\nFAANG
\nWeight
\n(%)<\/strong><\/td>\n		Price % Chng. 6\/9\/17<\/strong><\/td>\n<\/tr>\n
IYW<\/a><\/strong><\/td>\niShares US Technology<\/td>\n38.0<\/td>\n-3.1<\/td>\n<\/tr>\n
QQQ<\/a><\/strong><\/td>\nPowerShares QQQ<\/td>\n34.5<\/td>\n-2.5<\/td>\n<\/tr>\n
QYLD<\/a><\/strong><\/td>\nHorizons NASDAQ-100 Covered Call<\/td>\n34.2<\/td>\n-0.5<\/td>\n<\/tr>\n
FDN<\/a><\/strong><\/td>\nFirst Trust DJ Internet<\/td>\n32.7<\/td>\n-3.0<\/td>\n<\/tr>\n
XLK<\/a><\/strong><\/td>\nTechnology Select Sector SPDR<\/td>\n32.4<\/td>\n-2.5<\/td>\n<\/tr>\n
PNQI<\/a><\/strong><\/td>\nPowerShares Nasdaq Internet<\/td>\n32.2<\/td>\n-3.3<\/td>\n<\/tr>\n
IGM<\/a><\/strong><\/td>\niShares S&P N. American Technology<\/td>\n31.8<\/td>\n-2.7<\/td>\n<\/tr>\n
FTEC<\/a><\/strong><\/td>\nFidelity Info Technology<\/td>\n30.9<\/td>\n-2.7<\/td>\n<\/tr>\n
VGT<\/a><\/strong><\/td>\nVanguard Info Tech ETF<\/td>\n30.9<\/td>\n-2.8<\/td>\n<\/tr>\n
IXN<\/a><\/strong><\/td>\niShares S&P Global Technology<\/td>\n27.6<\/td>\n-2.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: ETF Research Center and FactSet<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The market\u2019s \u201cFab Five\u201d technology stocks\u2014Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOGL and\/or GOOG)\u2014often called by their acronym FAANG, had a bad day on Friday after research notes from Goldman Sachs, Deutsche Asset Management and others warned that these stocks were too expensive. Owning these five stocks, which together accounted for…<\/p>\n","protected":false},"author":2,"featured_media":621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[25,26],"tags":[139,142,140,136,143,137,138,141,15],"class_list":["post-619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-finder","category-stocks-in-the-news","tag-fdn","tag-ftec","tag-igm","tag-iyw","tag-pnqi","tag-qqq","tag-qyld","tag-vgt","tag-xlk","description-off"],"_links":{"self":[{"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/posts\/619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/comments?post=619"}],"version-history":[{"count":7,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/posts\/619\/revisions"}],"predecessor-version":[{"id":628,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/posts\/619\/revisions\/628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/media\/621"}],"wp:attachment":[{"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/media?parent=619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/categories?post=619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfrc.com\/articles\/index.php\/wp-json\/wp\/v2\/tags?post=619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}