The Telecom Services sector ranks eighth out of the 11 sectors as detailed in our 2Q23 Sector Ratings for ETFs and Mutual Funds report. Last quarter, the Telecom Services sector ranked sixth. It gets our Neutral rating, which is based on an aggregation of ratings of the 29 stocks in the Telecom Services 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 Telecom Services sector ETFs and mutual funds are created the same. The number of holdings varies widely (from 20 to 116). This variation creates drastically different investment implications and, therefore, ratings.