Investors Rotate Into Tech as ALPS ETFs Rally in May

Investors rotated into technology in May, pushing three ALPS ETFs-ALPS Clean Energy ETF (ACES), ALPS O’Shares Global Internet Giants ETF (OGIG) and ALPS Disruptive Technologies ETF (DTEC)—to double-digit monthly gains. ACES rose 19.4% in May and is up 72.5% over the past 12 months.

Broad U.S. market indicators advanced in May: a U.S. market index increased 1.52%, the S&P 500 gained 1.43% and the Nasdaq climbed 2.39%. The technology sector led with a 4.5% rise. For the week ended May 29, growth stocks rose 3.03% while value stocks fell 0.72%.

ACES focuses on U.S. and Canadian companies in renewables and clean technology rather than oil-and-gas producers. The fund returned 19.4% in May, 29.4% year to date, and 72.5% over the last 12 months. ACES holds about $145 million in assets. Traditional energy lagged: energy stocks fell 5.31% for the week ended May 29 and West Texas Intermediate crude fell 9.35% to $87.93 per barrel.

OGIG returned 11.2% in May and targets large global internet and e-commerce companies. The fund holds about $111 million in assets. Large internet and software names delivered strong late-May gains; Snowflake, a 2.4% holding in OGIG, rose 48.2% in the final week of May and contributed materially to the fund’s monthly return.

DTEC gained 10.8% in May. The fund uses an equal-weight approach across themes such as cloud computing, cybersecurity and robotics and is up 3.7% year to date. Several technology companies tied to those themes moved sharply for the week ended May 29: Dell Technologies rose 42.6%, Micron Technology climbed 29.4% and Robinhood Markets increased 28.1%, supporting returns for theme-focused ETFs like DTEC.

For ALPS investors, ACES, OGIG and DTEC were the firm’s top-performing ETFs in May, reflecting stronger returns in technology and growth-oriented strategies while traditional energy lagged.