This Tech ETF Has More than Doubled in 2026. Is It a Good Buy for the Back Half of the Year?
It's a good buy, but not if you're trying to duplicate recent results.
Overview
Any time an ETF can double in value in a handful of years, it's an impressive feat. Based on the Rule of 72, it would take an investment 7.2 years to double in value if it averaged 10% annual returns.
Any time an exchange-traded fund (ETF) can double in value in half a year, it's on a generational run. That's been the case so far this year with the iShares Semiconductor ETF (NASDAQ: SOXX). Through market close on June 22, SOXX is up 108%, 12 times higher than the S&P 500's returns in that time.
Details
Considering SOXX's huge run-up this year, is it still a buy, or have investors missed the boat? Let's take a look.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.