Tech ETFs Post Record Volatility as Daily Swings Surge
Semiconductor and software ETFs have recorded 34 daily moves of at least 4% year-to-date, exceeding previous full-year records and surpassing the combined total of the prior seven years.
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The tech sector is experiencing extreme volatility, with the semiconductor ETF $SMH and the software ETF $IGV each logging multiple large daily swings. Year-to-date, the two funds have together posted 34 trading days with moves of 4% or more.
This figure is 278% above the previous full-year record of 9 such moves set in 2024, and also exceeds the combined count from the previous seven full years.
- In July alone, $SMH has seen three trading days with declines of at least 4%.
- The 3x leveraged semiconductor ETF $SOXL has recorded 18 trading days with moves of 10% or more in either direction since the start of June.
Software and semiconductor stocks are showing unprecedented volatility, according to data cited by The Kobeissi Letter.
Source: The Kobeissi Letter