Financial sector continues to soar as XLF & VFH hit record trading highs

Jun. 01, 2021 11:08 AM ETFinancial Select Sector SPDR ETF (XLF), VFHXLF, VFH, IAT, RYF, FXO, KBWDBy: Jason Capul, SA News Editor
  • The financial sector continues to soar in early trading on Tuesday as the largest AUM ETF Financial Select Sector SPDR Fund (NYSEARCA:XLF) has hit all-time trading highs. XLF hit $38.48 and has also delivered investors year-to-date returns of +29.06%.
  • XLF is not the only exchange traded fund that has hit all-time trading highs today. Vanguard Financials ETF (NYSEARCA:VFH) also touched a record high, hitting $94.57. Furthermore, VFH is +28.85% so far in 2021.
  • The financial sector as a whole has been one of the top-performing sectors of the market in 2021. So far, year-to-date, it’s the second-highest performing segment behind energy. The financial sector is +29.63% year-to-date and is +34.71% over the past six months.
  • The financial sector has a large pool of options for investors to choose from as the sector is broken down into ten industries, including regional banks, community banks, broad financials, private equity, and others.
  • Of all the areas of the financial sector, financial services over the past three months have returned +33.34%. The returns of the financial services space are significant in nature as it is the top-performing area of the financial sector and of any sector and industry in the entire market.
  • Below are a handful of additional top-performing ETFs that fall within the financial sector: (NYSEARCA:FXO), (NASDAQ:KBWD), (NYSEARCA:RYF), and (NYSEARCA:IAT).
  • The stock market is kicking off June with some buying strength, while a rise in rates also indicates confidence in economic prospects.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.