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

64.2 B

ASSETS UNDER MGMT

8 bp

EXPENSES
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 16, 1998
Assets (mns)$64,175
Expense ratio8 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
APPLE INC 15.3 %
MICROSOFT CORP 13.2 %
NVIDIA CORP 12.5 %
BROADCOM INC. 4.0 %
SALESFORCE.COM INC 3.1 %
CISCO SYSTEMS INC 2.9 %
ORACLE CORP 2.8 %
INTL BUSINESS MACHINES CORP 2.7 %
ACCENTURE PLC-CL A 2.3 %
PALANTIR TECHNOLOGIES INC. CLASS A 2.1 %
Constituent Breakdown
Number of holdings69
Herfindahl-Hirschman Index 697
Wgt avg mkt cap (mns)$1,268,650
Large cap (>$10bn)99.8%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.3 %
IRELAND 2.5 %
NETHERLANDS 0.6 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -3.0% 9.7% 29.5% 14.5% 21.7% 19.5% 8.9%
Volatility 26.0% 23.4% 20.7% 25.1% 28.0% 23.5% --
Market Correlations
versus...BetaR-squared
S&P 5001.1983%
MSCI EAFE0.8745%
MSCI Emg Mkts0.7130%
Liquidity Measures
Avg. volume (000)5,735
Turnover1.9%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$81,699
Technical Indicators
Recent close$206.48
30d moving avg.$220.68
Annualized volatility22.4%
Relative strength (RSI)40
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
Risk and Returns: XLK vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
3.3 24.0 5.2 1.0% --
Based on closing prices from 3/31/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

5.9%

Cat. Avg

5.9%


ALTAR Score™ Calculation

Category Overview
There are 947 funds in the US Equity category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.7%. XLK's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places XLK in the 50th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

XLK
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
XLK (8 bp) Percentile rank 18
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
XLK 8.0 0.7 8.7
Peer Avg. 27.5 6.4 33.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .