XLK
Technology Select Sector SPDR Fund
Select Sector SPDR® holding S&P 500 stocks in the Technology sector. Component industries include Semiconductors & Semi Equipment; Software & Services; Tech Hardware & Equipment; and Telecommunication Services. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index.
US
EQUITY
Passive
MANAGEMENT STYLE
71.4 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 1998 |
| Assets (mns) | $71,439 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 14.6 % |
| APPLE INC | 14.3 % |
| MICROSOFT CORP | 12.9 % |
| BROADCOM INC. | 4.2 % |
| SALESFORCE.COM INC | 3.4 % |
| ORACLE CORP | 3.2 % |
| CISCO SYSTEMS INC | 2.5 % |
| ADOBE SYSTEMS INC | 2.4 % |
| ACCENTURE PLC-CL A | 2.4 % |
| ADVANCED MICRO DEVICES | 2.4 % |
Constituent Breakdown
| Number of holdings | 69 |
| Herfindahl-Hirschman Index | 692 |
| Wgt avg mkt cap (mns) | $1,164,680 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
IRELAND | 2.6 % |
 |
NETHERLANDS | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.1% | 36.5% | 33.1% | 12.3% | 22.8% | 20.1% | 8.9% | Volatility | 22.9% | 21.7% | 22.2% | 25.5% | 27.8% | 23.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 83% |
| MSCI EAFE | 0.91 | 48% |
| MSCI Emg Mkts | 0.74 | 32% |
Liquidity Measures
| Avg. volume (000) | 3,879 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $100,356 |
Technical Indicators
| Recent close | $228.71 |
| 30d moving avg. | $227.45 |
| Annualized volatility | 23.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 2.8% |
| Short interest (underlying) | 1.2% |
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. XLK |
Expenses vs. XLK |
ALTAR Score™ vs. XLK |
|---|---|---|---|---|
| IYW | iShares U.S. Technology ETF | 79.1% | +31 bp | -0.7% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 79.0% | -1 bp | -0.5% |
| VGT | Vanguard Information Technology ETF | 78.8% | +1 bp | -0.7% |
| IXN | iShares Global Tech ETF | 72.8% | +32 bp | -0.7% |
| IGM | iShares Expanded Tech Sector ETF | 67.9% | +32 bp | -0.7% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 56.5% | +11 bp | -0.4% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 52.1% | +11 bp | -0.5% |
| IETC | iShares U.S. Tech Independence Focused ETF | 51.1% | +9 bp | -0.7% |
| MGK | Vanguard Mega Cap Growth ETF | 50.9% | -2 bp | -0.9% |
| IWY | iShares Russell Top 200 Growth ETF | 50.8% | +11 bp | -0.5% |
Risk and Returns: XLK 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 11/15/2024
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
XLK
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
XLK
5.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. XLK's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places XLK in the 45th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XLKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| XLK (9 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XLK | 9.0 | 0.7 | 9.7 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .