XLK
The 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
94.7 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 1998 |
| Assets (mns) | $94,683 |
| Expense ratio | 8 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 13.9 % |
| APPLE INC | 13.3 % |
| MICROSOFT CORP | 11.7 % |
| BROADCOM INC. | 6.1 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 3.4 % |
| ADVANCED MICRO DEVICES | 3.2 % |
| CISCO SYSTEMS INC | 2.7 % |
| ORACLE CORP | 2.6 % |
| INTL BUSINESS MACHINES CORP | 2.6 % |
| MICRON TECHNOLOGY INC | 2.4 % |
Constituent Breakdown
| Number of holdings | 69 |
| Herfindahl-Hirschman Index | 635 |
| Wgt avg mkt cap (mns) | $1,814,912 |
| Large cap (>$10bn) | 99.0% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
IRELAND | 1.9 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.1% | 22.5% | 24.3% | 28.2% | 18.3% | 20.6% | 13.8% | 8.5% |
| Dividend Yield | 0.6% | 0.8% | 0.9% | 1.0% | 0.9% | 1.4% | 1.5% | 1.2% |
| Total Returns | 23.7% | 23.2% | 25.2% | 29.2% | 19.3% | 22.0% | 15.3% | 9.7% | Ann. Volatility | 28.4% | 27.8% | 24.9% | 23.3% | 24.7% | 24.3% | 22.8% | 26.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.33 | 89% |
| MSCI EAFE | 1.15 | 48% |
| MSCI Emg Mkts | 1.17 | 56% |
Liquidity Measures
| Avg. volume (000) | 10,960 |
| ADV traded (mns) | $3,178 |
| Turnover | 3.4% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $285.43 |
| Relative strength (RSI) | 52 |
| MACD/Signal | -2.17/-1.55 |
| Bollinger Bands (Upper/Lower) | $303.48/$271.05 |
| Short interest (% of AUM) | 2.2% |
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
| Ticker | Fund Name | Overlap vs. XLK |
Expenses vs. XLK |
ALTAR Score™ vs. XLK |
|---|---|---|---|---|
| FTEC | Fidelity MSCI Information Technology Index ETF | 83.7% | +0 bp | +4.0% |
| IYW | iShares U.S. Technology ETF | 77.3% | +32 bp | +3.9% |
| VGT | Vanguard Information Technology ETF | 77.1% | +1 bp | +4.0% |
| GXPT | Global X PureCap MSCI Information Technology ETF | 74.0% | +17 bp | +4.2% |
| IXN | iShares Global Tech ETF | 72.4% | +33 bp | +3.5% |
| IGM | iShares Expanded Tech Sector ETF | 68.9% | +33 bp | +3.6% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 60.6% | +20 bp | +4.2% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 59.6% | +12 bp | +4.2% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 58.6% | +12 bp | +3.7% |
| SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 56.2% | +37 bp | +4.4% |
Risk and Returns: XLK 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 12/4/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XLK
4.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1021 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. XLK's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places XLK in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XLKSELL
U/W
HOLD
O/W
BUY