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

45 bp

EXPENSES

$107.1 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSgA
CategoryUS
Asset classEquity
Websitelink...
Inception dateJan 13, 2016
Assets (mns)$107
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  + 
SUPER MICRO COMPUTER, INC. 2.7 %
NVIDIA CORP 2.3 %
APPLOVIN CORP. CLASS A 2.0 %
IMPINJ, INC. 1.9 %
TOAST, INC. CLASS A 1.6 %
ARLO TECHNOLOGIES, INC. 1.6 %
MAGNITE, INC. 1.6 %
Q2 HOLDINGS INC 1.6 %
CAMTEK LTD 1.6 %
DAKTRONICS INC 1.5 %
Constituent Breakdown
Number of holdings95
Herfindahl-Hirschman Index 116
Wgt avg mkt cap (mns)$48,182
Large cap (>$10bn)44.7%
Mid cap ($2-10bn)39.1%
Small cap (<$2bn)16.3%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 83.2 %
ISRAEL 7.4 %
LUXEMBOURG 2.1 %
BERMUDA 0.9 %
BRITAIN 0.8 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 0.7% 11.5% 17.0% -13.3% 6.9% -- 14.6%
Volatility 23.2% 25.3% 32.9% 35.4% 34.4% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.1956%
MSCI EAFE1.1045%
MSCI Emg Mkts1.0441%
Liquidity Measures
Avg. volume (000)4
Turnover0.6%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$91,336
Technical Indicators
Recent close$148.75
30d moving avg.$144.00
Annualized volatility28.7%
Relative strength (RSI)50
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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Risk and Returns: XITK 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 --%
3.4 29.4 3.7 0.2% --
Based on closing prices from 7/19/2024
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

2.6%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™2.6%
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 category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. XITK's ALTAR Score™ is approximately 1.2 standard deviations below the category average. This places XITK in the 11st 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
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. 36.9 15.0 51.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .