The first half of 2020 — marked by the onset of the coronavirus pandemic — hurt most, but not all, companies. But don't look to the S&P 500, which declined by a relatively modest 3.1%, for evidence of the widespread damage, Sumit Roy, analyst and senior staff writer for ETF.com and ETF Report, wrote in a recent blog post. Instead, look at the Invesco S&P 500 Equal Weight ETF, which was down 10.8% — maybe "a better indicator of this widespread damage," he wrote. Worse still were the losses incurred by these exchange-traded funds: |

  • Energy Select Sector SPDR Fund: down 34.6%
  • Financials Select Sector SPDR Fund: down 23.7%
  • Industrials Select Sector SPDR Fund: down 14.6%

Not all companies have suffered during the downturn, according to Roy. Some sectors — communication services, consumer discretionary, technology — are buoying the S&P 500 Index, offsetting the losses in other areas. Roy noted that at the end of June, shares of Apple, Amazon, Zoom and others had hit new all-time highs. "It's an unusual situation: These companies are actually thriving in what is an extremely negative environment for most businesses," he wrote. Many ETFs with concentrated positions in these sectors have gained 30% or more year to date. Check out the gallery to see the top-performing ETFs in the first half, according to ETF.com. See the rest of the list here. READ MORE: |

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Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.