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XMAG ETF outperforms rivals by shifting top holdings, despite its goal to reduce Mag-7 exposure.

Market News
29 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Since May 2026, the XMAG ETF has outperformed both RSP and the Mag-7 index, reversing earlier trends this year. This outperformance is notable because XMAG is designed to reduce exposure to the Mag-7 companies, yet its recent gains may be driven largely by those same firms. The ETF's top holdings have shifted significantly within a month, highlighting the importance of understanding which stocks are currently driving its performance. This paradox raises questions about the true drivers behind XMAG's success and what investors should watch moving forward.

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