Seeking Alpha

Despite strong one-year performance by top holding Apple (AAPL) - up 66% - in the Tech SPDR XLK,...

Despite strong one-year performance by top holding Apple (AAPL) - up 66% - in the Tech SPDR XLK, Rydex's Equal Weight Tech ETF (RYT) has greatly outperformed its cap-weighted peer, 24% vs. 13.7%. Offsetting AAPL's influence on XLK returns is no. 2 holding Microsoft's (MSFT) return of just 4%. MSFT reports earnings after the close.
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