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Sector SPDR Analyzer (April 2017): Rare Alignment

The ETF Analyzer, Sector SPDR Edition for April 2017 is ready for download. This monthly publication has succinct reports on each of the 10 Select Sector SPDR ETFs, plus valuation comparisons that facilitate fund evaluations based on forward-looking fundamentals.

Our top picks remain Financials (NYSEARCA:XLF) and Health Care (NYSEARCA:XLV), while Energy (NYSEARCA:XLE) earns the lowest ALTAR Scoreā„¢ rating (our measure of an ETF's overall investment merit) of any Sector SPDR.

Figure 1: ALTAR Score Rating, Select Sector SPDRs

ALTAR Scores - Sector SPDRs - 20170401

Source: ETF Research Center, as of 4/3/17.

What is a bit unusual however is that these relative bargains also align with what's working: XLV has been a surprisingly strong performer so far this year, beating the S&P 500 SPDR (SPY) by about 2.9 percentage points, while XLF, though a relative laggard so far in 2017, is the best performing Sector SPDR by far since the election.

Meanwhile XLE has been the worst performing sector both year-to-date and since the election. And with renewed pressure on oil prices in recent days it doesn't seem like sentiment is going to turn around in the near future.

You can download the full report below. Note that the link will expire after two months.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: ALPS, this Distributor for the Sector SPDR family funds, licenses this monthly report for their own distribution.