{"id":35612,"date":"2018-05-01T08:00:29","date_gmt":"2018-04-30T23:00:29","guid":{"rendered":"https:\/\/www.invast.jp\/blogs\/?p=35612"},"modified":"2023-02-24T17:04:06","modified_gmt":"2023-02-24T08:04:06","slug":"2018%e5%b9%b45%e6%9c%88%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e5%b1%95%e6%9c%9b","status":"publish","type":"post","link":"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/","title":{"rendered":"2018\u5e745\u6708\u30a2\u30e1\u30ea\u30ab\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u5c55\u671b"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/#%E7%9F%AD%E6%9C%9F%E3%81%AE%E7%9B%B8%E5%A0%B4%E8%A6%8B%E9%80%9A%E3%81%97\" >\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/#%E7%B5%8C%E6%B8%88%E3%81%AE%E7%8F%BE%E6%B3%81\" >\u7d4c\u6e08\u306e\u73fe\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/#%E4%BC%81%E6%A5%AD%E6%A5%AD%E7%B8%BE%E3%81%AE%E7%8F%BE%E6%B3%81\" >\u4f01\u696d\u696d\u7e3e\u306e\u73fe\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/#%E6%B3%A8%E7%9B%AE%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88\" >\u6ce8\u76ee\u30a4\u30d9\u30f3\u30c8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/#%E6%B3%A8%E7%9B%AEETF\" >\u6ce8\u76eeETF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201805usamarket\/#%E3%81%BE%E3%81%A8%E3%82%81\" >\u307e\u3068\u3081<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E7%9F%AD%E6%9C%9F%E3%81%AE%E7%9B%B8%E5%A0%B4%E8%A6%8B%E9%80%9A%E3%81%97\"><\/span><strong>\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span>S&amp;P500<\/span>\u6307\u6570\u306e\u5411\u3053\u3046\u4e00\u30f6\u6708\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f<span>2800<\/span>\u3092\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u300c<a href=\"https:\/\/www.invast.jp\/blogs\/etf\/201804usamarket\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>4<\/span>\u6708\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u5c55\u671b<\/a>\u300d\u3067\u66f8\u3044\u305f\u30bf\u30fc\u30b2\u30c3\u30c8\u3068\u540c\u3058\u3067\u3059\u3002\u3064\u307e\u308a<span>2<\/span>\u6708\u4ee5\u964d\u306e\u6025\u843d\u5c40\u9762\u3067\u306e\u623b\u308a\u9ad8\u5024\uff08<span>2801.9<\/span>\uff1d<span>3<\/span>\u6708<span>13<\/span>\u65e5\uff09\u3092\u53d6\u308a\u306b\u3086\u304f\u5c55\u958b\u3060\u3068\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037.png\" alt=\"\" width=\"786\" height=\"516\" class=\"size-full wp-image-35615 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037.png 786w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037-768x504.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_105037-400x262.png 400w\" sizes=\"auto, (max-width: 786px) 100vw, 786px\" \/><\/p>\n<p>\u30c1\u30e3\u30fc\u30c8\u7684\u306b\u306f\u4e09\u89d2\u4fdd\u3061\u5408\u3044\u3092\u5f62\u6210\u3057\u3066\u304a\u308a\u3001\u4e0a\u306b\u3082\u3001\u4e0b\u306b\u3082\u30d6\u30ec\u30a4\u30af\u30a2\u30a6\u30c8\u3057\u5f97\u308b\u30c1\u30e3\u30fc\u30c8\u30fb\u30d1\u30bf\u30fc\u30f3\u3068\u8a00\u3048\u307e\u3059\u3002\u3061\u306a\u307f\u306b<span>200<\/span>\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u306f<span>2610<\/span>\u3092\u901a\u3063\u3066\u304a\u308a\u3001\u76ee\u5148\u306f\u3053\u308c\u304c\u4e0b\u5024\u306e\u30b5\u30dd\u30fc\u30c8\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001\u4e0a\u5024\u306b\u95a2\u3057\u3066\u306f<span>1<\/span>\u6708\u672b\u306e\u9ad8\u5024\u3092\u57fa\u6e96\u3068\u3057\u3066\u5f15\u3044\u305f\u30c0\u30a6\u30f3\u30c8\u30ec\u30f3\u30c9\u30e9\u30a4\u30f3\u306f\u3061\u3087\u3046\u3069<span>2700<\/span>\u3092\u901a\u3063\u3066\u3044\u307e\u3059\u3002\u5f93\u3063\u3066<span>S&amp;P500<\/span>\u6307\u6570\u306f\u3001\u307e\u305a\u3053\u306e\u6c34\u6e96\u3092\u7834\u308a\u4e0a\u6607\u3057\u3066\u3086\u304f\u3053\u3068\u304c\u5fc5\u8981\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E7%B5%8C%E6%B8%88%E3%81%AE%E7%8F%BE%E6%B3%81\"><\/span><strong>\u7d4c\u6e08\u306e\u73fe\u6cc1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span class=\"f-marker-w\">\u7c73\u56fd\u7d4c\u6e08\u306f\u5805\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/span>\u597d\u666f\u6c17\u3092\u53cd\u6620\u3057\u3066\u3001\u7c73\u56fd<span>10<\/span>\u5e74\u50b5\u5229\u56de\u308a\u306f\u3001\u3044\u3088\u3044\u3088<span>3%<\/span>\u306e\u5927\u53f0\u3092\u8d85\u3048\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357.png\" alt=\"\" width=\"784\" height=\"516\" class=\"size-full wp-image-35616 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357.png 784w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357-768x505.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357-282x186.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110357-400x262.png 400w\" sizes=\"auto, (max-width: 784px) 100vw, 784px\" \/><\/p>\n<p>\u666e\u901a\u3001\u5e02\u4e2d\u91d1\u5229\u3068\u682a\u5f0f\u306f\u7af6\u4e89\u95a2\u4fc2\u306b\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u610f\u5473\u3059\u308b\u3068\u3053\u308d\u306f\u300c\u91d1\u5229\u9ad8\u306f\u682a\u5f0f\u306b\u3068\u3063\u3066\u30de\u30a4\u30ca\u30b9\u3060\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u6295\u8cc7\u5bb6\u306f\u4eca\u56de\u3001<span>10<\/span>\u5e74\u50b5\u5229\u56de\u308a\u304c<span>3%<\/span>\u306b\u4e57\u305b\u305f\u3053\u3068\u3092\u30cf\u30e9\u30cf\u30e9\u3057\u306a\u304c\u3089\u898b\u5b88\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060<span>3%<\/span>\u3068\u3044\u3046\u306e\u306f\u5358\u306b\u300c\u304d\u308a\u306e\u826f\u3044\u6570\u5b57\u300d\u3067\u3042\u308a\u300c\u3072\u3068\u3064\u306e\u901a\u904e\u70b9\u300d\u306b\u904e\u304e\u307e\u305b\u3093\u3002\u5b9f\u969b\u3001\u4eca\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\u300c<span>2.6%<\/span>\u304c\u5371\u306a\u3044\u300d\u3068\u304b\u300c<span>2.9%<\/span>\u306b\u306a\u3063\u305f\u9014\u7aef\u3001\u682a\u304c\u58f2\u3089\u308c\u305f\u300d\u306a\u3069\u3001\u3044\u308d\u3044\u308d\u306a\u300c\u58c1\u300d\u306e\u5b58\u5728\u304c\u53d6\u308a\u6c99\u6c70\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u76f8\u5834\u306f\u305d\u308c\u3089\u306e\u969c\u5bb3\u3092\u4e57\u308a\u8d8a\u3048\u3066\u4eca\u65e5\u306b\u81f3\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066<span>3%<\/span>\u304c\u3069\u3046\u3057\u3066\u3082\u8d8a\u3048\u3089\u308c\u306a\u3044\u969c\u58c1\u3067\u3042\u308b\u3068\u8003\u3048\u308b\u7406\u7531\u306f\u3069\u3053\u306b\u3082\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e71\u66b4\u306a\u8b70\u8ad6\u3092\u3059\u308c\u3070<span>10<\/span>\u5e74\u50b5\u5229\u56de\u308a\u306e\u3088\u3046\u306a\u9577\u671f\u91d1\u5229\u306f\u7c73\u56fd\u306e\u653f\u7b56\u91d1\u5229\u3067\u3042\u308b\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30ba\u30fb\u30ec\u30fc\u30c8\uff08<span>FF<\/span>\u30ec\u30fc\u30c8\uff09\u3068\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u3092\u5408\u8a08\u3057\u305f\u3082\u306e\u3060\u3068\u8a00\u3048\u307e\u3059\u3002\u3064\u307e\u308a\uff1a<\/p>\n<p style=\"text-align: center;\"><span class=\"f-marker-w\">FF\u30ec\u30fc\u30c8\u3000\uff0b\u3000\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u3000\uff1d\u3000\u9577\u671f\u91d1\u5229<\/span><\/p>\n<p>\u3068\u3044\u3046\u6570\u5f0f\u3067\u3059\u3002\u3053\u306e\u3046\u3061<span>FF<\/span>\u30ec\u30fc\u30c8\u306b\u95a2\u3057\u3066\u306f\u4eca\u5e74<span>3<\/span>\u56de\u306e\u5229\u4e0a\u3052\u3092\u4e88\u60f3\u3059\u308b\u5e02\u5834\u53c2\u52a0\u8005\u304c\u591a\u3044\u3067\u3059\u3002\u6bce\u56de<span>0.25%<\/span>\u306e\u523b\u307f\u5e45\u3067\u5229\u4e0a\u3052\u3055\u308c\u305f\u3068\u3057\u3066\u5408\u8a08<span>0.75%<\/span>\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u4eca\u5e74\u306f\u65e2\u306b<span>1<\/span>\u56de\u306e\u5229\u4e0a\u3052\u304c\u3042\u308a\u3001\u73fe\u5728\u306e<span>FF<\/span>\u30ec\u30fc\u30c8\u306f<span>1.75%<\/span>\u306a\u306e\u3067\u3001\u3042\u3068\u6b8b\u308a<span>2<\/span>\u56de\u5229\u4e0a\u3052\u304c\u3042\u308c\u3070\u5e74\u672b\u306e<span>FF<\/span>\u30ec\u30fc\u30c8\u306f<span>2.25%<\/span>\u306b\u306a\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u3059\u308b\u3068\u4eee\u306b\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306b\u95a2\u3059\u308b\u5e02\u5834\u53c2\u52a0\u8005\u306e\u898b\u65b9\u306b\u5168\u7136\u5909\u5316\u304c\u7121\u3044\u3068\u3057\u3066\u3082<span>10<\/span>\u5e74\u50b5\u5229\u56de\u308a\u306f\u5c11\u306a\u304f\u3068\u3082<span>3.2%<\/span>\u304f\u3089\u3044\u306b\u307e\u3067\u4e0a\u6607\u3057\u3066\u3044\u308b\u3068\u8003\u3048\u308b\u306e\u304c\u81ea\u7136\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u5b9f\u969b\u306b\u5e02\u5834\u53c2\u52a0\u8005\u306e\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306b\u306f\u5909\u5316\u306f\u898b\u3048\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u305d\u308c\u3092\u77e5\u308b\u3072\u3068\u3064\u306e\u65b9\u6cd5\u304c<span>5<\/span>\u5e74\u5148<span>5<\/span>\u5e74\u7269\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u8abf\u3079\u308b\u3084\u308a\u65b9\u3067\u3059\u3002\u3053\u308c\u306f\u300c<span>5<\/span>\u5e74\u5148\u3092\u8d77\u70b9\u3068\u3057\u3066\u3001\u305d\u3053\u304b\u3089<span>5<\/span>\u5e74\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5e02\u5834\u53c2\u52a0\u8005\u304c\u3069\u3046\u898b\u3066\u3044\u308b\u304b\uff1f\u300d\u3092\u8868\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u308b\u3068\u4e0b\u306e\u3088\u3046\u306b\u6b86\u3069\u52d5\u304d\u306f\u51fa\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718.png\" alt=\"\" width=\"786\" height=\"517\" class=\"size-full wp-image-35617 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718.png 786w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718-768x505.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_110718-400x262.png 400w\" sizes=\"auto, (max-width: 786px) 100vw, 786px\" \/><\/p>\n<p>\u3059\u306a\u308f\u3061\u5e02\u5834\u53c2\u52a0\u8005\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u5bfe\u3059\u308b\u898b\u65b9\u306f\u3001\u5b89\u5b9a\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070\u300c\u4eca\u5e74<span>3<\/span>\u56de\u300d\u3068\u3044\u3046\u653f\u7b56\u91d1\u5229\u306e\u5229\u4e0a\u3052\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u306b\u7167\u3089\u3057\u3066\u7c9b\u3005\u3068\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u69cb\u56f3\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u6211\u3005\u6295\u8cc7\u5bb6\u304c\u3069\u3046\u3057\u3066\u3082\u907f\u3051\u3066\u901a\u308c\u306a\u3044\u3053\u3068\u3067\u3042\u308a\u3001\u4eca\u5e74\u306e\u3042\u308b\u6642\u70b9\u3067<span>3%<\/span>\u8d85\u306e<span>10<\/span>\u5e74\u50b5\u5229\u56de\u308a\u3092\u514b\u670d\u3057\u3064\u3064\u3001\u682a\u4fa1\u304c\u4eca\u5e74\u306e\u9ad8\u5024\u3092\u66f4\u65b0\u3059\u308b\u3068\u8003\u3048\u308b\u306e\u304c\u81ea\u7136\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u969b\u3001\u6c7a\u3081\u624b\u306b\u306a\u308b\u306e\u306f\u4f01\u696d\u696d\u7e3e\u3067\u3059\u3002\u305d\u3053\u3067\u6b21\u306b\u4f01\u696d\u696d\u7e3e\u3092\u898b\u308b\u3053\u3068\u306b\u3057\u307e\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E4%BC%81%E6%A5%AD%E6%A5%AD%E7%B8%BE%E3%81%AE%E7%8F%BE%E6%B3%81\"><\/span><strong>\u4f01\u696d\u696d\u7e3e\u306e\u73fe\u6cc1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u3044\u307e<span class=\"f-marker-w\"><span>2018<\/span>\u5e74\u7b2c<span>1<\/span>\u56db\u534a\u671f\u306e\u6c7a\u7b97\u767a\u8868\u30b7\u30fc\u30ba\u30f3\u306b\u7a81\u5165\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u307e\u3067\u306b<span>S&amp;P500<\/span>\u63a1\u7528\u4f01\u696d\u306e\u3046\u3061<span>17%<\/span>\u304c\u6c7a\u7b97\u767a\u8868\u3092\u7d42\u3048\u3066\u3044\u307e\u3059\u3002<span>8<\/span>\u5272\u306e\u4f01\u696d\u304c<span>EPS<\/span>\u3067\u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002<\/span>\u3064\u307e\u308a\u4eca\u671f\u3082\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u306e\u6ed1\u308a\u51fa\u3057\u306f\u597d\u8abf\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u4eca\u671f\u306e<span>EPS<\/span>\u6210\u9577\u7387\u306f\u524d\u5e74\u540c\u671f\u6bd4\uff0b<span>18.6%<\/span>\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001.png\" alt=\"\" width=\"786\" height=\"517\" class=\"size-full wp-image-35618 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001.png 786w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001-768x505.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/04\/2018-04-27_111001-400x262.png 400w\" sizes=\"auto, (max-width: 786px) 100vw, 786px\" \/><\/p>\n<p>\u3044\u307e\u306e\u3068\u3053\u308d\u3001\u697d\u3005\u3068\u3053\u308c\u3092\u9054\u6210\u3067\u304d\u305d\u3046\u306a\u5c55\u958b\u3067\u3059\u3002<\/p>\n<p><span>S&amp;P500<\/span>\u6307\u6570\u306e\u5411\u3053\u3046<span>12<\/span>\u30f5\u6708\u306e<span>EPS<\/span>\u306b\u57fa\u3065\u3044\u305f\u682a\u4fa1\u53ce\u76ca\u7387\uff08<span>PER<\/span>\uff09\u306f<span>16.6<\/span>\u500d\u3067\u3059\u3002\u3053\u308c\u306f\u904e\u53bb<span>5<\/span>\u5e74\u306e\u5e73\u5747\u3068\u307b\u307c\u540c\u3058\u3067\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u682a\u306f\u6c7a\u3057\u3066\u5272\u9ad8\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u307e\u3057\u3066\u3084\u4eca\u306f\u4e0a\u306b\u898b\u305f\u3088\u3046\u306b<span class=\"f-marker-w\">\u7c73\u56fd\u4f01\u696d\u306e\u696d\u7e3e\u306f<span>18.6%<\/span>\u3067\u4f38\u3073\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u304b\u3089\u682a\u4fa1\u306f\u3082\u3063\u3068\u8cb7\u308f\u308c\u3066\u3082\u304a\u304b\u3057\u304f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B3%A8%E7%9B%AE%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88\"><\/span><strong>\u6ce8\u76ee\u30a4\u30d9\u30f3\u30c8<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u3053\u306e<span class=\"f-marker-w\">\u697d\u89b3\u7684\u306a\u30b7\u30ca\u30ea\u30aa\u304c\u5d29\u308c\u308b\u30b7\u30ca\u30ea\u30aa\u3068\u3057\u3066\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u9ad8\u9a30<\/span>\u304c\u6319\u3052\u3089\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4e8b\u5b9f\u3001\u539f\u6cb9\u4fa1\u683c\uff08<span>WTI<\/span>\uff09\u306f<span>70<\/span>\u30c9\u30eb\u3092\u76ee\u6307\u3059\u5c55\u958b\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u539f\u6cb9\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u3066\u3044\u308b\u7406\u7531\u306f\u3001\u30c6\u30ad\u30b5\u30b9\u5dde\u306e\u30d1\u30fc\u30df\u30a2\u30f3\u306b\u304a\u3051\u308b\u30b7\u30a7\u30fc\u30eb\u30fb\u30aa\u30a4\u30eb\u304c\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u30fc\u306e\u6255\u5e95\u3067\u51fa\u8377\u3057\u306b\u304f\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u3088\u308a\u307e\u3059\u3002\u79c1\u306e\u8003\u3048\u3067\u306f\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u5897\u8a2d\u306f\u6bd4\u8f03\u7684\u7c21\u5358\u306b\u51fa\u6765\u308b\u306e\u3067\u30dc\u30c8\u30eb\u30cd\u30c3\u30af\u306e\u89e3\u6d88\u306b\u306f\u305d\u308c\u307b\u3069\u6642\u9593\u306f\u304b\u304b\u3089\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u307e\u3067\u306f\u76ee\u304c\u96e2\u305b\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B3%A8%E7%9B%AEETF\"><\/span><strong>\u6ce8\u76eeETF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u79c1\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u8ffd\u3044\u98a8\u3092\u53d7\u3051\u3066\u77f3\u6cb9\u682a\u3092\u4e2d\u5fc3\u3068\u3057\u305f<span class=\"f-marker-w\"><strong>\u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u30bb\u30ec\u30af\u30c8\u30fb\u30bb\u30af\u30bf\u30fc<\/strong><strong><span>SPDR<\/span><\/strong><strong>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>XLE<\/span><\/strong><strong>\uff09<\/strong><\/span>\u306b\u6ce8\u76ee\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u539f\u6cb9\u305d\u306e\u3082\u306e\u306b\u6295\u8cc7\u3059\u308b<span class=\"f-marker-w\"><strong><span>WTI<\/span><\/strong><strong>\u539f\u6cb9\u9023\u52d5<span>ETF<\/span><\/strong><strong>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>USO<\/span><\/strong><strong>\uff09<\/strong><\/span>\u3082\u9762\u767d\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3068\u3053\u308d\u73cd\u3057\u304f\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u682a\u304c\u82e6\u6226\u3057\u3066\u3044\u308b\u306e\u3067<span class=\"f-marker-w\"><strong>\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u30fb\u30bb\u30ec\u30af\u30c8\u30fb\u30bb\u30af\u30bf\u30fc<\/strong><strong><span>SPDR<\/span><\/strong><strong>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>XLK<\/span><\/strong><strong>\uff09<\/strong><\/span>\u306b\u3082\u5999\u5473\u304c\u51fa\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u30cf\u30a4\u30c6\u30af\u682a\u306e\u6bd4\u91cd\u306e\u9ad8\u3044\u30ca\u30b9\u30c0\u30c3\u30af\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u306a\u3089<span class=\"f-marker-w\"><strong>\u30d1\u30ef\u30fc\u30b7\u30a7\u30a2\u30fc\u30ba<\/strong><strong><span>QQQ<\/span><\/strong><strong>\u4fe1\u8a17\u30b7\u30ea\u30fc\u30ba<span>1<\/span><\/strong><strong>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>QQQ<\/span><\/strong><strong>\uff09<\/strong><\/span>\u306a\u3089\u3073\u306b\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u306e<span>3<\/span>\u500d\u306e\u5024\u52d5\u304d\u3092\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u308b<span class=\"f-marker-w\"><strong>\u30d7\u30ed\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30a6\u30eb\u30c8\u30e9\u30d7\u30ed<\/strong><strong><span>QQQ<\/span><\/strong><strong>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>TQQQ<\/span><\/strong><strong>\uff09<\/strong><\/span>\u306b\u3082\u6ce8\u76ee\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E3%81%BE%E3%81%A8%E3%82%81\"><\/span><strong>\u307e\u3068\u3081<\/strong><span 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