3 Under The Radar Internet ETFs Delivering In 2020
By Todd Shriber, ETF Professor , Benzinga Staff Writer June 23, 2020
The Dow Jones Internet Composite Index, a widely followed collection of big-name internet stocks, hit a record high Monday and is higher by 23.58% year-to-date.
That sounds impressive and it is. Led by the likes of Amazon.com, Facebook and Google parent Alphabet, nothing seems to be derailing internet equities in 2020.
The exchange-traded fund that tracks Dow Jones Internet Composite Index is the largest in the category and hit a record high yesterday, too, but that doesn’t mean it’s the best fund in the lot. As is the case with market segments, some “quiet” ETFs can deliver potent punches in the internet arena.
Consider this trio, which also joined the all-time high club on Monday.
O’Shares Global Internet Giants ETF (OGIG)
Just two weeks past its second birthday, the O’Shares Global Internet Giants ETF
OGIG has $247.1 million in assets under management, so it’s not sneaking up on rivals anymore, but its outperformance of those competitors may be sneaking up on investors. Year to date, OGIG is up 44.68%, meaning it’s topping the biggest fund in this category by more than 2,100 basis points.
Interestingly, OGIG’s drubbing of its larger rival is being accrued despite the O’Shares ETF allocating just 15% of its combined weight to Amazon, Facebook and Alphabet.
The secret to OGIG’s success isn’t much of a secret, but it’s meaningful nonetheless: the fund features exposure to international (mainly Chinese) internet stocks while many of its rivals are devoted solely to U.S. stocks.
SPDR S&P Internet ETF (XWEB)
Though in more modest fashion than the aforementioned OGIG, the SPDR S&P Internet ETF XWEB is also beating the biggest internet ETF on a year-to-date basis.
That’s impressive because XWEB is an equal-weight ETF, meaning Amazon and Facebook are no more important to this fund’s fortunes than say Snap or Pinterest. In fact, Amazon and Facebook combine for less than 5% of XWEB’s weight.
The median market capitalization of XWEB’s 42 components is $8.7 billion, underscoring a lean toward mid-cap territory. Up 78.62% in the current quarter, XWEB also hit an all-time high yesterday.
Global X Social Media ETF (SOCL)
The Global X Social Media ETF SOCL is still the only dedicated social media ETF and at almost nine years old, it’s ancient by the standards of internet ETFs. Sometimes, things get better with age.
After hitting a record on Monday, SOCL is up 61.16% in the second quarter. What makes the fund’s recent bullishness all the more impressive is its combined 18.60% weight to Facebook and Twitter TWTR – two companies that seemingly invite political controversy whenever they can.
Like OGIG, SOCL offers investors the benefit of international exposure as roughly 62% of its 41 holdings aren’t domestic companies.
Read on Benzinga site.
Basis points (bps): Is a unit of measure used in quoting yields, changes in yields or differences between yields. One basis point is equal to 0.01% or one one-hundredth of a percent of yield and 100 basis points equals 1%. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost.
For the most recent standard performance of the Fund, click OGIG Fund Page.
OGIG Holdings
| Name (As of 01/25/2021) | Ticker | Sector | Fund Weight | Quantity | CUSIP/ISIN |
|---|---|---|---|---|---|
| Amazon.com Inc | AMZN US | Consumer Discretionary | 5.693% | 13,546.00 | 023135106 |
| Tencent Holdings Ltd | 700 HK | Communication Services | 4.956% | 392,817.00 | KYG875721634 |
| Alibaba Group Holding Ltd | BABA US | Consumer Discretionary | 4.426% | 132,715.00 | 01609W102 |
| Alphabet Inc | GOOGL US | Communication Services | 4.043% | 16,728.00 | 02079K305 |
| Meituan | 3690 HK | Consumer Discretionary | 3.479% | 528,666.00 | KYG596691041 |
| Facebook Inc | FB US | Communication Services | 3.373% | 95,087.00 | 30303M102 |
| Microsoft Corp | MSFT US | Information Technology | 3.315% | 113,183.00 | 594918104 |
| Pinduoduo Inc | PDD US | Consumer Discretionary | 2.788% | 121,104.00 | 722304102 |
| Bilibili Inc | BILI US | Communication Services | 2.397% | 139,923.00 | 090040106 |
| Shopify Inc | SHOP CN | Information Technology | 2.205% | 14,330.00 | CA82509L1076 |
| MercadoLibre Inc | MELI US | Consumer Discretionary | 1.916% | 7,987.00 | 58733R102 |
| Zoom Video Communications Inc | ZM US | Information Technology | 1.870% | 37,411.00 | 98980L101 |
| Roku Inc | ROKU US | Communication Services | 1.802% | 33,106.00 | 77543R102 |
| Delivery Hero SE | DHER GR | Consumer Discretionary | 1.744% | 81,463.00 | DE000A2E4K43 |
| Zalando SE | ZAL GR | Consumer Discretionary | 1.726% | 111,094.00 | DE000ZAL1111 |
| Crowdstrike Holdings Inc | CRWD US | Information Technology | 1.701% | 61,301.00 | 22788C105 |
| NetEase Inc | NTES US | Communication Services | 1.559% | 98,275.00 | 64110W102 |
| Snap Inc | SNAP US | Communication Services | 1.533% | 223,951.00 | 83304A106 |
| JD.com Inc | JD US | Consumer Discretionary | 1.532% | 122,014.00 | 47215P106 |
| Just Eat Takeaway.com NV | TKWY NA | Consumer Discretionary | 1.434% | 97,536.00 | NL0012015705 |
| DocuSign Inc | DOCU US | Information Technology | 1.383% | 44,355.00 | 256163106 |
| Zscaler Inc | ZS US | Information Technology | 1.381% | 52,102.00 | 98980G102 |
| Netflix Inc | NFLX US | Communication Services | 1.370% | 19,289.00 | 64110L106 |
| Chewy Inc | CHWY US | Consumer Discretionary | 1.370% | 104,781.00 | 16679L109 |
| Tencent Music Entertainment Gr | TME US | Communication Services | 1.347% | 387,903.00 | 88034P109 |
| Pinterest Inc | PINS US | Communication Services | 1.345% | 143,624.00 | 72352L106 |
| Etsy Inc | ETSY US | Consumer Discretionary | 1.326% | 49,758.00 | 29786A106 |
| Fastly Inc | FSLY US | Information Technology | 1.272% | 94,734.00 | 31188V100 |
| ServiceNow Inc | NOW US | Information Technology | 1.264% | 18,415.00 | 81762P102 |
| Twilio Inc | TWLO US | Information Technology | 1.261% | 25,997.00 | 90138F102 |
| MongoDB Inc | MDB US | Information Technology | 1.237% | 26,264.00 | 60937P106 |
| Kingdee International Software | 268 HK | Information Technology | 1.226% | 2,112,215.00 | KYG525681477 |
| Zynga Inc | ZNGA US | Communication Services | 1.217% | 924,166.00 | 98986T108 |
| HelloFresh SE | HFG GR | Consumer Discretionary | 1.187% | 105,285.00 | DE000A161408 |
| Okta Inc | OKTA US | Information Technology | 1.170% | 34,793.00 | 679295105 |
| Ubisoft Entertainment SA | UBI FP | Communication Services | 1.169% | 90,368.00 | FR0000054470 |
| Smartsheet Inc | SMAR US | Information Technology | 1.142% | 126,900.00 | 83200N103 |
| Farfetch Ltd | FTCH US | Consumer Discretionary | 1.090% | 139,483.00 | 30744W107 |
| salesforce.com Inc | CRM US | Information Technology | 1.064% | 36,927.00 | 79466L302 |
| Adobe Inc | ADBE US | Information Technology | 1.019% | 16,869.00 | 00724F101 |
| Spotify Technology SA | SPOT US | Communication Services | 1.016% | 23,861.00 | L8681T102 |
| Zillow Group Inc | Z US | Communication Services | 0.994% | 53,057.00 | 98954M200 |
| RingCentral Inc | RNG US | Information Technology | 0.989% | 20,200.00 | 76680R206 |
| Coupa Software Inc | COUP US | Information Technology | 0.986% | 24,271.00 | 22266L106 |
| Wayfair Inc | W US | Consumer Discretionary | 0.984% | 26,199.00 | 94419L101 |
| Trade Desk Inc/The | TTD US | Information Technology | 0.976% | 9,733.00 | 88339J105 |
| TeamViewer AG | TMV GR | Information Technology | 0.956% | 144,331.00 | DE000A2YN900 |
| Xero Ltd | XRO AU | Information Technology | 0.953% | 70,499.00 | NZXROE0001S2 |
| Elastic NV | ESTC US | Information Technology | 0.943% | 44,903.00 | N14506104 |
| Atlassian Corp PLC | TEAM US | Information Technology | 0.921% | 31,245.00 | G06242104 |
| Zendesk Inc | ZEN US | Information Technology | 0.898% | 47,839.00 | 98936J101 |
| Wix.com Ltd | WIX US | Information Technology | 0.882% | 27,122.00 | M98068105 |
| Anaplan Inc | PLAN US | Information Technology | 0.781% | 88,589.00 | 03272L108 |
| Splunk Inc | SPLK US | Information Technology | 0.766% | 34,944.00 | 848637104 |
| Avalara Inc | AVLR US | Information Technology | 0.765% | 37,198.00 | 05338G106 |
| HubSpot Inc | HUBS US | Information Technology | 0.736% | 15,017.00 | 443573100 |
| Palo Alto Networks Inc | PANW US | Information Technology | 0.721% | 15,662.00 | 697435105 |
| Workday Inc | WDAY US | Information Technology | 0.705% | 23,516.00 | 98138H101 |
| Baidu Inc | BIDU US | Communication Services | 0.665% | 20,464.00 | 056752108 |
| Nexon Co Ltd | 3659 JP | Communication Services | 0.640% | 159,357.00 | JP3758190007 |
| Fortinet Inc | FTNT US | Information Technology | 0.621% | 32,082.00 | 34959E109 |
| Match Group Inc | MTCH US | Communication Services | 0.583% | 32,798.00 | 57667L107 |
| Z Holdings Corp | 4689 JP | Communication Services | 0.517% | 609,277.00 | JP3933800009 |
| Twitter Inc | TWTR US | Communication Services | 0.512% | 83,907.00 | 90184L102 |
| Activision Blizzard Inc | ATVI US | Communication Services | 0.452% | 37,901.00 | 00507V109 |
| Intuit Inc | INTU US | Information Technology | 0.437% | 9,156.00 | 461202103 |
| Booking Holdings Inc | BKNG US | Consumer Discretionary | 0.388% | 1,505.00 | 09857L108 |
| VMware Inc | VMW US | Information Technology | 0.302% | 17,347.00 | 928563402 |
| eBay Inc | EBAY US | Consumer Discretionary | 0.289% | 39,551.00 | 278642103 |
| Electronic Arts Inc | EA US | Communication Services | 0.258% | 13,795.00 | 285512109 |
| USD CURNCY | USD CURNCY | 0.022% | 173,624.42 | ||
| Ocado Group PLC | OCDO LN | Consumer Discretionary | 0.009% | 189,774.00 | GB00B3MBS747 |