Telecom Sector Remains Buoyant

While the current stock market correction has brought most sectors down, at least one has held up better than the rest.

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The telecom sector has experienced less of a decline than the overall market over the past four weeks.  The Dow Jones U.S. Telecommunications Sector Index Fund (IYZ) is down less than 5% since April 23 compared to a more than 10% decline for the SPDR S&P 500 (SPY) over the same time period.

IYZ tracks an index that measures the performance of the telecommunications sector of the U.S. equity market, including fixed-line communications and wireless communications.  Top holdings include AT&TVerizon and Sprint.

Sprint has done especially well in the past month, up over 20% with the launch a of new 4G wireless phone and rumors that the wireless carrier may be next in line to offer Apple’s iPhone.

IYZ has an expense ratio of 0.48% and a 30 day SEC yield of 3.55%.

For more investing choices, see the list of sector ETFs.