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ETF Lab

Posted By Barry Ritholtz On May 28, 2005 @ 9:55 am In Investing,Markets | Comments Disabled

The Stock Trader’s Almanac has created an interesting new feature:  the Almanac Investor ETF Lab. They plan on chronicling developments and tracking the growth of the ETF universe.

What they are doing is dissecting the universe of ETFs by sector, trading volume, market cap and performance.  Fascinating stuff.

Jeff Hirsch was kind enough to give me permission to post the first installment of this, which you can download for free. [1] (Stock Trader’s Almanac is by subscription).

Its full of surprises — like ETFs by largest market cap:

click for larger graphic

Etfs_by_cap_1 [2]

The Internet Holders (HHH) a bigger market cap than the S&P500 (SPY)? Who knew?

Very interesting stuff — kudos to Hirsch et al for putting together this useful data on an ongoing basis.

Download June ETF Lab [1]

Note:  All of the prices in this edition were compiled on May 6th. This is of importance because ETFs that issue dividends (greater than 50% of them do) adjust their historical prices backwards. For example, the Utilities HOLDRS (UTH) issued a dividend on May 10, May 6, May 4 and April 28. Therefore, the historical data has been readjusted 4 times in two weeks. In order to do the Lab Pages, we picked the Friday before our press deadline as the cut off and we will continue to use the Friday before the issue is completed as our standard cut off point.
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[1] free.: http://bigpicture.typepad.com/comments/files/june_2005_ai_etf_lab.pdf

[2] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/etfs_by_cap_1.jpg

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