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Top ETFs to Watch for AMZN, GOOGL, MSFT Earnings Reports

BY | ETF Database
7:36 am ET 10/27/26 | 14 VIEWS
Three of the big tech hyperscalers report their earnings this week, with massive implications for the broader stock market. Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT) all report earnings this week. The firms, making up an outsize part of the S&P 500 as part of the overall Magnificent Seven, will impact countless portfolios. ETFs’ tradability and flexibility make them powerful tools to take advantage of the earnings news.Key Takeaways: Key earnings calls arrive this week, including AMZN, GOOGL, and MSFT. ETFs provide flexible, tax efficient routes into those stocks. Indexed and active ETFs provide different strategies to get that exposure, as well, for tactical to long term holds. Which funds are best positioned to offer exposure to that particular group of names? The wide world of ETFs includes thematic ETFs of all kinds, including those focused on megacap tech. Those strategies can make for either satellite allocations or tactical allocations, using ETFs’ flexibility and tax efficiency to their greatest extent.The MicroSectors FANG+ ETN (FNGS)While not specifically an ETF, the MicroSectors FANG+ ETN (FNGS B-) offers a high allocation towards the likes of AMZN, GOOGL, and MSFT. FNGS charges a 58 basis point (bps) fee to track the NYSE FANG+ Index. According to Microsectors’ data, MSFT, AMZN, and GOOGL sit at 10.8%, 10.2%, and 9.45% weights, respectively as of October 26. The fund has returned 18.8% YTD according to ETF Database data and a robust 35.6% over the last three months. That has seen the fund outperform its ETF Database Large Cap Growth Equities category average in both time frames.The Roundhill Magnificent Seven ETF (MAGS)The Roundhill Magnificent Seven ETF (MAGS A-), meanwhile, charges a 30 bps fee to actively invest in the Magnificent Seven, of which AMZN, GOOGL, and MSFT all make up a part. MAGS uses swaps and forwards to triangulate its allocation. The strategy was the first to target that space of leading tech names. Each year, Roundhill reviews its universe based on metrics like market cap, trading volume, and sector. The fund equally weights the portfolio. That has seen MAGS return 9.5% YTD, according to ETF Database data. Over the last three years, meanwhile, the fund has returned 34.8%.The iShares Top 20 U.S. Stocks ETF (TOPT)Finally, the iShares Top 20 U.S. Stocks ETF (TOPT ) tracks the S&P 500 Top 20 Select Index for 20 bps. TOPT’s index includes the top 20 names by market cap in the S&P 500. It caps single issuers at 22.5%, using float-adjusted weights overall. MSFT and AMZN sit at 11.8% and 4.4% respectively, with GOOGL further down. See more: Beyond AI Stocks: As Markets Broaden, Look to Active ETFs TOPT has returned 12% YTD, according to ETF Database data. Over the last 12 months, it has returned 14%. Its fee, lower than the other two offerings, may make it an easier add for exposure to those names. With GOOGL, AMZN, and MSFT earnings all arriving this week, investors will have much data to consider. For those who want to add exposure now, however, ETFs’ flexibility, tradability, and tax efficiency may make these funds worth considering for a potential spike. For more news, information, and analysis, visit the Equity ETF Content Hub.

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