SNSR hits a 52-week high as strong gains in IoT and semiconductor holdings fuel momentum and raise hopes for further upside.
Global X Internet of Things ETF has returned 140% since 2016, not counting the recent market decline; it struggles to outperform the broader market due to the 0.68% expense ratio. The ETF was well-positioned for outperformance in the past, benefiting during tech booms like the pandemic and the 2023 tech resurgence. Despite being 77% technology-centric, the ETF doesn't closely track mainstream AI technology, highlighting the niche nature of the Internet of Things segment.