The Technology sector ranks sixth out of the 11 sectors as detailed in our 2Q23 Sector Ratings for ETFs and Mutual Funds report. Last quarter, the Technology sector ranked seventh. It gets our Neutral rating, which is based on an aggregation of ratings of the 443 stocks in the Technology sector as of April 12, 2023. See a recap of our 1Q23 Sector Ratings here.
Figures 1 and 2 show the five best and worst rated ETFs and mutual funds in the sector. Not all Technology sector ETFs and mutual funds are created the same. The number of holdings varies widely (from 22 to 556). This variation creates drastically different investment implications and, therefore, ratings.