iShares North American Natural Resources ETF

IGE

Market cap $613M

Artificial intelligence (AI), cloud computing, and machine learning are just a few of the obvious tech innovations dominating the majority of investor attention spans these days. Along with the companies focused on these technologies, attention also diverts to those integral to meeting hardware demands, like semiconductor firms.

IGE is a passively managed ETF that tracks the S&P North American Natural Resources Sector Index. IGE and XLE have similar sector compositions, but IGE has a lower weighting in the top three holdings. IGE may provide a superior return due to overvaluation and overweighting of top holdings in XLE, the fund's similar risk return ratios, and larger expected multiple expansion for IGE.