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.
Fund Basics
| Fund sponsor | SSgA |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 13, 2016 |
| Assets (mns) | $91 |
| 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 +
| SUPER MICRO COMPUTER, INC. | 2.2 % |
| APPLOVIN CORP. CLASS A | 2.0 % |
| META PLATFORMS INC | 1.9 % |
| NVIDIA CORP | 1.9 % |
| DUOLINGO, INC. CLASS A | 1.8 % |
| SCHRODINGER, INC. | 1.8 % |
| MONGODB, INC. CLASS A | 1.6 % |
| SPOTIFY TECHNOLOGY SA | 1.6 % |
| OPENDOOR TECHNOLOGIES INC | 1.6 % |
| SAMSARA, INC. CLASS A | 1.5 % |
Constituent Breakdown
| Number of holdings | 94 |
| Herfindahl-Hirschman Index | 112 |
| Wgt avg mkt cap (mns) | $48,170 |
| Large cap (>$10bn) | 36.4% |
| Mid cap ($2-10bn) | 34.3% |
| Small cap (<$2bn) | 21.2% |
| Developed mkts. | 94.6% |
| Emerging mkts. | 5.4% |
Country Exposure
 |
UNITED STATES | 77.2 % |
 |
ISRAEL | 5.7 % |
 |
CHINA | 4.7 % |
 |
LUXEMBOURG | 2.5 % |
 |
BRITAIN | 1.3 % |
 |
CANADA | 0.9 % |
 |
IRELAND | 0.9 % |
 |
NETHERLANDS | 0.9 % |
 |
TAIWAN | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 22.1% | 3.7% | -23.3% | -2.7% | 5.4% | -- | 14.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 44% |
| MSCI EAFE | 0.94 | 36% |
| MSCI Emg Mkts | 1.01 | 42% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $26,780 |
Technical Indicators
| Recent close | $125.34 |
| 30d moving avg. | $115.06 |
| Annualized volatility | 28.5% |
| Relative strength (RSI) | 71 |
| Short interest (ETF) | 1.3% |
| Short interest (underlying) | 7.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XITK |
Expenses vs. XITK |
ALTAR Score™ vs. XITK |
|---|---|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 24.2% | 0 bp | -0.1% |
| OGIG | O'Shares Global Internet Giants ETF | 23.1% | +3 bp | -0.1% |
| HAPY | Harbor Corporate Culture Leaders ETF | 20.9% | -9 bp | +4.2% |
| ENTR | Entrepreneur 30 Fund | 20.0% | +4 bp | +2.0% |
| BOSS | Global X Founder-Run Companies ETF | 19.9% | 0 bp | +3.1% |
| XSW | SPDR S&P Software & Services ETF | 19.8% | -10 bp | +2.2% |
| TRFM | AAM Transformers ETF | 19.3% | +4 bp | +1.5% |
| AOTG | AOT Growth and Innovation ETF | 18.7% | +30 bp | +2.5% |
| MVPS | Amplify Thematic All-Stars ETF | 16.9% | +4 bp | +1.7% |
| FXL | First Trust Technology AlphaDEX Fund | 16.0% | +16 bp | +5.1% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 6/7/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
XITK
0.1%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.1% |
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 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. XITK's ALTAR Score™ is approximately
2.0 standard deviations
below
the category average. This places XITK in the 2nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XITK
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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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 | 20.3 | 65.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .