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) | $90 |
| 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. | 3.2 % |
| APPLOVIN CORP. CLASS A | 1.9 % |
| NVIDIA CORP | 1.7 % |
| SPOTIFY TECHNOLOGY SA | 1.5 % |
| META PLATFORMS INC | 1.5 % |
| TOAST, INC. CLASS A | 1.4 % |
| IMPINJ, INC. | 1.4 % |
| NETFLIX INC | 1.3 % |
| OKTA, INC. CLASS A | 1.3 % |
| PUBMATIC, INC. CLASS A | 1.3 % |
Constituent Breakdown
| Number of holdings | 95 |
| Herfindahl-Hirschman Index | 111 |
| Wgt avg mkt cap (mns) | $77,050 |
| Large cap (>$10bn) | 44.1% |
| Mid cap ($2-10bn) | 38.1% |
| Small cap (<$2bn) | 17.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.3 % |
 |
ISRAEL | 7.0 % |
 |
LUXEMBOURG | 2.3 % |
 |
BRITAIN | 0.9 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.6% | 25.4% | -1.0% | -10.5% | 7.6% | -- | 15.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 54% |
| MSCI EAFE | 1.11 | 43% |
| MSCI Emg Mkts | 1.04 | 40% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $70,924 |
Technical Indicators
| Recent close | $134.32 |
| 30d moving avg. | $130.90 |
| Annualized volatility | 28.9% |
| Relative strength (RSI) | 77 |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XITK |
Expenses vs. XITK |
ALTAR Score™ vs. XITK |
|---|---|---|---|---|
| XSW | SPDR S&P Software & Services ETF | 27.2% | -10 bp | +0.2% |
| WCLD | WisdomTree Cloud Computing Fund | 24.5% | 0 bp | -1.2% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 21.2% | +3 bp | -2.3% |
| MVPS | Amplify Thematic All-Stars ETF | 20.6% | +4 bp | -1.1% |
| FXL | First Trust Technology AlphaDEX Fund | 20.3% | +16 bp | +1.4% |
| TRFM | AAM Transformers ETF | 18.5% | +4 bp | -1.5% |
| AOTG | AOT Growth and Innovation ETF | 18.4% | +30 bp | +0.3% |
| PTF | Invesco Dorsey Wright Technology Momentum ETF | 16.5% | +15 bp | -2.2% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 16.4% | +4 bp | +2.1% |
| DFNV | Donoghue Forlines Innovation ETF | 16.4% | +24 bp | +2.3% |
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
| 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 4/22/2024
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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
2.8%
Cat. Avg
5.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.8% |
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 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. XITK's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places XITK in the 12nd 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 | 20.4 | 65.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .