Tech has lagged all year round in 2022, with the Nasdaq tumbling 29.62% year to date as of December 12. Tech stocks have been the victim of high interest rates, high inflation, and huge sell-offs.
As of December 12, the Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) has lost 19.25% year to date and is one of the best performing technology ETFs in 2022.