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Tech Shift Fuels Double-Digit ETF Gains

BY | ETF Database
6:49 am ET 06/02/26 | 23 VIEWS
Three ALPS ETFs each gained more than 10% in May as investors shifted money into technology and away from traditional energy.Key Takeaways: ACES gained 19.4% last month and is up 72.5% over the past year, while the energy sector fell 5.31% for the week ended May 29. OGIG returned 11.2% last month as global internet stocks surged, with Snowflake up 48.2% for the final week of May. DTEC spreads exposure evenly across cloud, cybersecurity, and robotics themes and gained 10.8% last month. Growth stocks climbed 3.03% for the week ended May 29, while value stocks dropped 0.72%. Technology was the market’s top sector, up 4.5%, as the Morningstar U.S. Market Index rose 1.52%. The S&P 500 gained 1.43% and the Nasdaq rose 2.39%, according to Morningstar data. For ALPS investors, that rotation delivered. ACES, OGIG, and DTEC were the firm’s three top-performing ETFs last month. Each gained more than 10%, with the best performer up nearly 20%, according to ETF Database. Leading that group was the ALPS Clean Energy ETF (ACES B). ACES gained 19.4% last month, 29.4% year to date, and 72.5% over the past year, according to ETF Database. It focuses on U.S. and Canadian companies in renewables and clean technology, rather than oil-and-gas producers. The fund holds about $145 million in assets. ACES moved in a different direction from the broader energy sector. Energy stocks fell 5.31% for the week ended May 29, and West Texas Intermediate crude prices dropped 9.35% to $87.93 per barrel, according to Morningstar. See more: Play the Electrification Infrastructure Moment With This ETFTech Stocks Fuel May ReturnsAlso posting double-digit gains was the ALPS O’Shares Global Internet Giants ETF (OGIG B). OGIG returned 11.2% last month and targets large global internet and e-commerce companies with above-average growth potential, according to ETF Database. The fund holds about $111 million in assets. Large internet and software names had a strong final week of May. Snowflake Inc. (SNOW), a top OGIG holding at 2.4%, surged 48.2% for the week ended May 29, according to Morningstar. Rounding out the top three was the ALPS Disruptive Technologies ETF (DTEC B). DTEC gained 10.8% last month, according to ETF Database. The fund uses an equal-weight approach, spreading exposure evenly across themes like cloud computing, cybersecurity, and robotics. Year to date, the fund is up 3.7%. Technology names tied to those themes also moved sharply for the week ended May 29. Dell Technologies Inc. (DELL) climbed 42.6%, Micron Technology Inc. (MU) gained 29.4%, and Robinhood Markets, Inc. (HOOD) rose 28.1%, according to Morningstar. For more news, information, and analysis, visit the ETF Building Blocks Content Hub. VettaFi LLC (“VettaFi”) is the index provider for OGIG, for which it receives an index licensing fee. However, OGIG is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of OGIG.

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