Here's How Much Investing $1,000 In The XLK Tech Sector ETF In 2010 Would Be Worth Today

This article was originally published on this site

Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500’s SPY, +0.68% total return for the decade was 250.5%. But there’s no question some popular investments did much better than others along the way.

Tech’s Huge Decade: One top performer in the last decade was the SELECT SECTOR S/TECY XLK, +1.08%.

Tech sector stocks have relentlessly led the market higher since the financial crisis back in 2008. The ETF started out the 2010s trading at around $23, and huge performances from stocks like Apple, Inc. AAPL, +0.65%, Visa Inc V, +0.26%, Mastercard Inc MA, +0.74% and Broadcom Inc AVGO, +1.48%, all of which gained more than 1,000% over the past 10 years.

One of the biggest leaders that propelled the XLK ETF in the past decade was NVIDIA Corporation NVDA, +0.15%, which gained an incredible 4,780%.

The XLK ETF hit its low point for the decade in 2010 when it dipped to $20.01, but from that point forward the fund traded higher and higher with few interruptions. The XLK hit $50 in 2017 and reached $76.26 in late 2018 before pulling back to $57.57 when many tech companies cut growth and profit forecasts heading into 2019.

XLK In 2020 And Beyond: The ETF was back making new highs by mid-2019, eventually hitting $102.94 in early 2020 prior to the COVID-19 sell-off. The XLK dropped as low as $68.10 in March 2020, but rebounded quickly to its new all-time high of $127.72 in early September.

The tech sector has since cooled off, and the XLK has pulled back to around $115, but investors who bought the fund 10 years ago have still made a killing.

In fact, $1,000 in XLK shares in 2010 would be worth about $6,157 today, assuming reinvested dividends.

Related Links:

Here’s How Much Investing $1,000 In Nvidia At Dot-Com Bubble Peak Would Be Worth Today

Here’s How Much Investing $1,000 In Microsoft At Dot-Com Bubble Peak Would Be Worth Today

© 2020 Benzinga does not provide investment advice. All rights reserved.