The broad ASX All Ordinaries Index (XAO), since the beginning of November 2020, shows the underperformance of previously overperforming Midcap (XMD) sectors of Information Technology (XIJ - note particularly the high flyer Afterpay APT) - and Mining (XMM) to a lesser extent.
ETF comparative strategies in Australia with MVE (VanEck Vectors S&P/ASX MidCap ETF), VSO (Vanguard MSCI Australian Small Companies Index ETF), and IHD (iShares S&P/ASX Dividend Opportunities ETF) - since 2017.
The inevitable and unrealized danger of a sustained phase in a strengthening US Dollar, burst into reality with the Covid Crash of the S&P 500 SPX and of world equity markets.
Now, it will be years before we need to countdown again - whenever the world economy moves the USD to start on another sustained strengthening phase - and the Euro and Japanese Yen JPY...
The inverse of the US Dollar Index DXY versus select Asian currencies of Japanese yen JPY, Korean won KRW, Singapore dollar SGD, Malaysian ringgit MYR, Thai baht THB, Philippine peso PHP - note recent trends against trends over the last decade.
Magellan Global Equities Fund (MGE) vs possible alternative ETFs on the Australian ASX - such as iShares Global Consumer Staples ETF (IXI), Betashares S&P500 Yield Maximiser Fund (UMAX), SPDR S&P Global Dividend Fund (WDIV), ETFS S&P 500 High Yield Low Volatility ETF (ZYUS) - against the SPDR S&P 500 ETF Trust (SPY)... all available on the Australian ASX stock exchange.
S&P 500 vs. select global equity markets - focus on the period since Aug 2020... compared consistently in $USD terms via US listed ETFs - United Kingdom EWU, Russia ERUS, Brazil EWZ, Hong Kong EWH, India INDA, Australia EWA, New Zealand ENZL - bonus comparisons to Gold, AUD/USD, RUB/USD.
These three Big Tech also-rans a bit limp in performance, underperforming the Nasdaq Composite Index, since April 2020 (i.e. Microsoft MSFT, Alphabet GOOG and Netflix NFLX... as opposed to Apple AAPL, Amazon AMZN and Tesla TSLA).
(SEE prior "Idea" for Sector Indices vs ASX All Ordinaries Index showing earlier deterioration of the market throughout August ) Here are the few sectors preventing the ASX from slumping throughout August 2020: which are the midcaps of the ASX Midcap 50...
Sector Indices vs ASX All Ordinaries Index show earlier deterioration of the market throughout August (whereas XJO only starts to deteriorate from Aug 28): in the largest 20 companies of the XTL index, in Communications XTJ, Resources XJR, Materials XMJ, Financials XXJ, Consumer Staples XSJ, Utilities XUJ. See next "Idea" for the sectors that prevented the XJO...