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.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

WCLD

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSgA
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJan 13, 2016
Assets (mns)$103
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CHECK POINT SOFTWARE TECH 2.7 %
ADVANCED ENERGY INDUSTRIES 2.3 %
CYBERARK SOFTWARE LTD. 2.2 %
UBIQUITI INC. 2.2 %
SOLAREDGE TECHNOLOGIES, INC. 2.2 %
APPFOLIO INC CLASS A 2.1 %
QUALYS INC 2.1 %
ADEIA INC. 2.1 %
NANOMETRICS INC 1.9 %
TENCENT MUSIC ENTERTAINMENT GROUP ADR CL 1.9 %
Constituent Breakdown
Number of holdings91
Herfindahl-Hirschman Index 137
Wgt avg mkt cap (mns)$31,824
Large cap (>$10bn)30.6%
Mid cap ($2-10bn)38.1%
Small cap (<$2bn)24.4%
Developed mkts.94.1%
Emerging mkts.5.9%
Country Exposure
UNITED STATES 80.9 %
CHINA 7.0 %
ISRAEL 6.2 %
NETHERLANDS 0.8 %
LUXEMBOURG 0.8 %
BRITAIN 0.6 %
CANADA 0.6 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-46.2% -49.6% -28.0% -3.2% 5.8% -- 12.2%
Market Correlations
versus...BetaR-squared
S&P 5001.0555%
MSCI EAFE0.9847%
MSCI Emg Mkts0.8943%
Liquidity Measures
Avg. volume (000)7
Turnover0.7%
Avg. Bid/Ask (% of price)0.22%
ADV of underlying (mns)$21,340
Technical Indicators
Recent close$102.64
30d moving avg.$98.97
Annualized volatility29.9%
Relative strength (RSI)53
Short interest (ETF)1.0%
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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Risk and Returns: XITK vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Earnings 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
  2021 2022E Fwd Est 2023E
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 --%
1.5 90.8 3.9 0.1% --
Based on closing prices from 11/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

XITK

-4.3%

Cat. Avg

6.3%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-4.3%
Recommendation

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.

Category Overview
There are 876 funds in the US Equities category, with an average ALTAR Score™ of 6.3% and a standard deviation of 3.0%. XITK's ALTAR Score™ is approximately 3.6 standard deviations below the category average. This places XITK in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
XITK
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
XITK 45.0 21.9 66.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.