An exchange-traded fund holding the S&P 500 minus those seven names is outperforming the Magnificent Seven group by nearly 17 percentage points this year.
The Defiance Large Cap Ex-Magnificent Seven ETF (NASDAQ:XMAG) is up 12.9% year to date.
The Roundhill Magnificent Seven ETF (BATS:MAGS) is down 3.7%.
Thursday amplified the gap.
MAGS fell 4.63% after Alphabet Inc.
