ALPS O'Shares Global Internet Giants ETF Shares is a rules-based ETF focusing on large-cap internet and e-commerce companies with high growth potential. OGIG has outperformed the Invesco NASDAQ Internet ETF since its inception in 2018 but has lagged behind the broader Invesco QQQ Trust ETF. Despite its global focus, the Fund has shown higher volatility compared to its peers, with significant fluctuations in performance.
ALPS O'Shares Global Internet Giants ETF is rated as a hold due to its high valuation and more volatile nature compared to peers. OGIG has outperformed the market YTD but lags behind FDN, which has a stronger mix of top holdings and lower volatility. Despite strong recent performance, OGIG's high expense ratio and valuation metrics make it less attractive than peer funds like FDN and EBIZ.
Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides to debate controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition, Nick Wodeshick and Nick Peters-Golden debate whether investors should begin allocating more portfolio space to small-caps.
Concerned by the growing concentration risk in the U.S. stock market? Megacap tech names have played a significantly outsized role in the overall performance of U.S. stocks this year.