Table 7.
Descriptive statistics of the global ratio for sector ETFs including control sectors during the period December 2019 - April 2021. This table provides information on the descriptive statistics of the global ratio of the different ETFs for the three sectors under study (financial, healthcare and pharmaceutical) and four control sectors (materials, technology, energy and real estate).
| Mean | Std. Dev. | Max. | Min. | Q1 | Q2 | Q3 | |
|---|---|---|---|---|---|---|---|
| Panel A: financial sector | |||||||
| XLF | −0.9000 | 0.6300 | 0.1844 | −2.2861 | −1.1175 | −0.9564 | −0.4548 |
| VFH | −0.9447 | 0.6332 | 0.1792 | −2.2528 | −1.1348 | −1.0348 | −0.5024 |
| KRE | −1.5878 | 0.6419 | 0.2152 | −2.6796 | −2.0605 | −1.5733 | −1.2383 |
| KBE | −1.6653 | 0.7127 | 0.2152 | −3.2005 | −2.0667 | −1.6296 | −1.4680 |
| FAS | −0.9021 | 0.6512 | 0.1772 | −2.8709 | −1.0526 | −0.8752 | −0.7165 |
| KBWB | −1.4587 | 0.6466 | 0.2069 | −2.9793 | −1.7330 | −1.4767 | −1.1509 |
| IYF | −0.4208 | 0.7133 | 0.5394 | −2.5714 | −0.6055 | −0.3943 | 0.1349 |
| Panel B: healthcare sector | |||||||
| XLV | 0.4794 | 0.3872 | 1.6781 | −0.0545 | 0.2245 | 0.4373 | 0.5503 |
| VHT | 0.4840 | 0.2577 | 1.1719 | 0.0301 | 0.3403 | 0.5023 | 0.5857 |
| IBB | −0.9028 | 1.4267 | 0.2408 | −5.5896 | −0.6977 | −0.5957 | −0.3599 |
| ARKG | 0.4548 | 1.9006 | 2.5747 | −5.5270 | 0.4148 | 1.0408 | 1.3313 |
| XBI | −0.9489 | 1.1693 | −0.0778 | −4.6946 | −0.8145 | −0.5822 | −0.4240 |
| IHI | −0.0274 | 0.8203 | 0.4590 | −3.1437 | 0.0290 | 0.1313 | 0.2884 |
| IXJ | 0.8918 | 0.4362 | 1.8604 | 0.2147 | 0.6158 | 0.8226 | 0.9584 |
| Panel C: materials sector | |||||||
| XHB | −0.3508 | 1.6117 | 0.7392 | −6.1494 | −0.3987 | 0.1803 | 0.3870 |
| XLB | −0.6414 | 1.3172 | 0.1952 | −4.8598 | −0.5162 | −0.1780 | 0.0851 |
| GDR | −0.3314 | 1.4672 | 4.6629 | −2.7723 | −0.6134 | −0.3939 | −0.2392 |
| GUNR | 0.1872 | 3.5281 | 13.7110 | −2.3323 | −0.6471 | −0.4838 | −0.3886 |
| VAW | −0.7332 | 1.2236 | 0.2151 | −4.6663 | −0.6053 | −0.2946 | −0.0990 |
| LIT | 2.7667 | 3.1721 | 11.5370 | −1.8076 | 1.2563 | 2.5773 | 2.6787 |
| ITB | −0.3324 | 1.5501 | 0.6003 | −6.1448 | −0.1289 | 0.0094 | 0.2034 |
| Panel D: technology sector | |||||||
| QQQ | 2.1767 | 1.1878 | 6.1345 | 0.2015 | 1.6822 | 1.9725 | 2.4187 |
| VGT | 1.5887 | 1.0605 | 5.3764 | 0.1877 | 1.2204 | 1.4941 | 1.7813 |
| XLK | 1.7253 | 1.2877 | 6.3053 | 0.1748 | 1.2604 | 1.4753 | 1.8564 |
| ARKK | 0.9953 | 1.4000 | 2.1223 | −3.7966 | 0.6868 | 1.4075 | 1.8332 |
| FDN | 1.0450 | 1.3045 | 2.4363 | −3.2074 | 0.8813 | 1.3345 | 1.7885 |
| IYW | 1.6642 | 1.1185 | 5.6419 | 0.1924 | 1.1450 | 1.5400 | 1.7712 |
| SOXX | 0.3058 | 0.3631 | 1.5567 | 0.0086 | 0.1415 | 0.1870 | 0.3659 |
| Panel E: energy sector | |||||||
| XLE | −1.4513 | 1.1447 | 1.7456 | −3.9597 | −1.8061 | −1.6371 | −1.1962 |
| PBW | 2.4007 | 2.3194 | 9.9394 | 0.2137 | 1.0984 | 1.8203 | 2.4320 |
| AMLP | −1.1726 | 1.2601 | 2.9706 | −2.6808 | −1.6238 | −1.4678 | −1.1522 |
| VDE | −1.4129 | 1.4429 | 3.3744 | −3.8754 | −1.8571 | −1.6637 | −1.2973 |
| XOP | −1.2754 | 1.7751 | 4.7820 | −4.1550 | −1.7609 | −1.5783 | −1.2406 |
| TAN | 2.5991 | 2.4894 | 9.9534 | 0.1956 | 1.1847 | 1.9896 | 2.8123 |
| QCLN | 3.4278 | 4.6116 | 19.6869 | 0.1987 | 1.4909 | 2.2211 | 2.6649 |
| Panel F: real estate sector | |||||||
| VNQ | −0.6021 | 1.0867 | 0.6851 | −4.2831 | −0.6899 | −0.4769 | −0.1700 |
| IYR | −0.4723 | 1.0312 | 0.9354 | −3.9111 | −0.6500 | −0.4473 | −0.1295 |
| SCHH | −1.3090 | 1.3277 | 0.1951 | −5.6703 | −1.3312 | −1.0910 | −0.6675 |
| VNQI | −0.1386 | 2.2064 | 8.3459 | −1.0960 | −0.8656 | −0.6407 | −0.4856 |
| REET | −1.2723 | 1.2922 | 0.2014 | −5.4913 | −1.2018 | −1.0598 | −0.7743 |
| XLRE | −0.5044 | 1.0715 | 0.9360 | −3.9454 | −0.5939 | −0.4780 | −0.0080 |
| ICF | −0.8258 | 1.2012 | 0.5537 | −4.7103 | −0.8739 | −0.6687 | −0.3469 |
| Panel G: pharmaceutical sector | |||||||
| PJP | −0.6020 | 0.8317 | 0.0955 | −3.5045 | −0.5343 | −0.3922 | −0.2678 |
| IHE | 0.7092 | 1.7222 | 6.4303 | −0.1880 | −0.1107 | 0.1736 | 0.3264 |
| XPH | −0.3571 | 1.0216 | 2.1062 | −2.1061 | −0.6915 | −0.6070 | −0.5331 |
| PPH | −0.1869 | 0.6111 | 0.9094 | −2.1196 | −0.3609 | −0.1595 | −0.0334 |
| KURE | −0.1832 | 1.1929 | 1.6790 | −3.9501 | −0.2590 | 0.0427 | 0.1724 |
| CHIH | 0.0829 | 1.1528 | 2.2793 | −3.4656 | −0.1437 | 0.2054 | 0.5122 |
| FTXH | −0.2608 | 0.3485 | 0.3280 | −1.1924 | −0.4657 | −0.2315 | −0.0068 |