Is This the Worst-Performing Tech ETF?
Technology stocks have soared over the past five years as the artificial intelligence (AI) boom has taken shape. That's sent many technology exchange-traded funds (ETFs) rising, along with the broad S&P 500. But not everyone has benefited equally. In fact, some tech ETFs have performed poorly despite the widespread benefits of AI stocks.
One such technology ETF that's one of the worst-performing is Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK). The fund's share price is down 28% over the past five years, compared to the S&P 500's gain of 86%. Even if it's not the worst-performing tech ETF, it's certainly one of the worst, and a significant disappointment for many investors.
Here's why it has failed to keep pace, and why the Vanguard Information Technology ETF (NYSEMKT: VGT) is a better tech fund to own.
Source Fool.com
