XITK
SPDR FactSet Innovative Technology ETF
The SPDR FactSet Innovative Technology ETF tracks an index composed of U.S.-listed technology and electronic media companies deemed innovative or disruptive by FactSet.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
97.4 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 13, 2016 |
| Assets (mns) | $97 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLOVIN CORP. CLASS A | 6.6 % |
| NVIDIA CORP | 2.1 % |
| Q2 HOLDINGS INC | 2.1 % |
| TOAST, INC. CLASS A | 1.9 % |
| SPOTIFY TECHNOLOGY SA | 1.8 % |
| UPSTART HOLDINGS, INC. | 1.7 % |
| SITIME CORPORATION | 1.7 % |
| DOXIMITY, INC. CLASS A | 1.6 % |
| DAKTRONICS INC | 1.6 % |
| NETFLIX INC | 1.5 % |
Constituent Breakdown
| Number of holdings | 94 |
| Herfindahl-Hirschman Index | 149 |
| Wgt avg mkt cap (mns) | $58,087 |
| Large cap (>$10bn) | 49.5% |
| Mid cap ($2-10bn) | 38.6% |
| Small cap (<$2bn) | 11.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 84.0 % |
 |
ISRAEL | 6.7 % |
 |
LUXEMBOURG | 2.6 % |
 |
BERMUDA | 1.0 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.7% | 39.0% | 33.3% | -3.6% | 10.0% | -- | 16.7% | Volatility | 22.7% | 23.4% | 28.4% | 35.7% | 34.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 56% |
| MSCI EAFE | 0.99 | 35% |
| MSCI Emg Mkts | 0.95 | 32% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $59,400 |
Technical Indicators
| Recent close | $177.01 |
| 30d moving avg. | $181.02 |
| Annualized volatility | 29.3% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 7.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XITK |
Expenses vs. XITK |
ALTAR Score™ vs. XITK |
|---|---|---|---|---|
| XSW | SPDR S&P Software & Services ETF | 25.6% | -10 bp | -0.8% |
| FXL | First Trust Technology AlphaDEX Fund | 24.5% | +16 bp | +2.5% |
| WCLD | WisdomTree Cloud Computing Fund | 23.7% | 0 bp | -0.9% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 23.6% | +3 bp | -0.4% |
| MVPS | Amplify Thematic All-Stars ETF | 19.9% | +4 bp | +0.5% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 19.4% | +4 bp | +2.2% |
| PTF | Invesco Dorsey Wright Technology Momentum ETF | 17.9% | +15 bp | -0.8% |
| DFNV | Donoghue Forlines Innovation ETF | 17.9% | +24 bp | +2.3% |
| SKYY | First Trust Cloud Computing ETF | 17.2% | +15 bp | +0.4% |
| TRFM | AAM Transformers ETF | 16.9% | +4 bp | -0.6% |
Risk and Returns: XITK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/23/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XITK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
XITK
2.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 976 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. XITK's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places XITK in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XITKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XITK (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XITK | 45.0 | 20.4 | 65.4 |
| Peer Avg. | 37.3 | 15.0 | 52.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .