Investors focused on the Computer and Technology space have likely heard of Etsy (ETSY Quick QuoteETSY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Etsy is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ETSY is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ETSY's full-year earnings has moved 45.95% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, ETSY has moved about 117.31% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 10.33%. This means that Etsy is outperforming the sector as a whole this year.

Breaking things down more, ETSY is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, stocks in this group have gained 1.73% this year, meaning that ETSY is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to ETSY as it looks to continue its solid performance.