Energy stocks boosted IDOG's July return to 6.3%, with Aker BP and Equinor leading. A weaker dollar added 1.35 percentage points. Technology was the only sector to fall.
Alpha Score of 51 reflects moderate overall profile with strong momentum, weak value, weak quality, moderate sentiment.
IDOG, the ALPS International Sector Dividend Dogs ETF, climbed 6.3% in July. Energy stocks led the charge, with the sector returning 23.5% and contributing 2.17 percentage points to the index's gain, according to VettaFi data. A weaker U.S. dollar added another 1.35 percentage points.
IDOG selects the five highest-yielding stocks in each of 10 international sectors and weights them equally. That structure let the fund capture July's energy rebound without letting any one sector dominate, ALPS Advisors said. Eight of the other nine sectors also advanced.
Aker BP ASA was the index's top performer. The Norwegian offshore oil and gas producer rose 37.3% in July and contributed 0.65 percentage points, VettaFi data show. It posted second-quarter operating cash flow of $3.1 billion, the highest quarterly total in its history, CEO Karl Johnny Hersvik said.
Equinor ASA, another Norwegian producer, gained 28.7% and contributed 0.53 percentage points. Its adjusted pretax profit rose to $11.48 billion in the second quarter from $6.54 billion a year earlier. Average oil prices climbed to $97.90 a barrel from $63, Reuters reported. Equinor's Alpha Score stands at 51 out of 100, with a Mixed label, according to AlphaScala data.
The energy rally was tied to higher oil and gas prices from the Middle East conflict, which lifted profits at European producers, Reuters reported. A crude draw tightening supply ahead of an OPEC+ decision added to the bullish backdrop.
Financials returned 8.8% and added 0.92 percentage points, the second-largest sector contribution. Media and communications gained 7.6%, materials rose 7.4% and industrials climbed 7.2%, VettaFi data show.
Nippon Steel Corp., a materials holding, gained 23.8% and added 0.48 percentage points. It has since raised its full-year profit forecast by 32%, to 290 billion yen ($1.84 billion), citing stronger U.S. Steel earnings, Reuters reported this week.
Vodafone Group Plc gained 20.2% and contributed 0.38 percentage points, the largest single-stock contribution in media and communications, VettaFi data show.
Technology was the only sector to lose ground, falling 1.5% and subtracting 0.15 percentage points. Nokia Corp. and Telefonaktiebolaget LM Ericsson led the declines, falling 30.2% and 11.7%. Capgemini SE climbed 17.6% and added 0.33 percentage points, keeping the sector's loss from growing deeper, VettaFi data show.
For more on Equinor, see its EQNR stock page.
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