XLSR
SPDR SSGA U.S. Sector Rotation ETF
The SPDR SSGA U.S. Sector Rotation ETF is an actively-managed portfolio of companies classified within favorable sectors.
US
EQUITY
Active
MANAGEMENT STYLE
752.4 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 02, 2019 |
| Assets (mns) | $752 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top 10 Holdings
Complete list +
| Technology Select Sector SPDR Fund | 17.6 % |
| Health Care Select Sector SPDR Fund | 15.0 % |
| Financial Select Sector SPDR Fund | 12.3 % |
| Consumer Staples Select Sector SPDR Fund | 8.9 % |
| Consumer Discretionary Select Sector SPD | 8.7 % |
| Communication Services Select Sector SPD | 3.8 % |
| NVIDIA CORP | 3.7 % |
| META PLATFORMS INC | 3.6 % |
| Real Estate Select Sector SPDR Fund | 3.5 % |
| MICROSOFT CORP | 3.5 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 443 |
| Wgt avg mkt cap (mns) | $463,610 |
| Large cap (>$10bn) | 73.4% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.6 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.8% | 7.9% | 12.5% | 13.0% | 10.8% | -- | -- | 10.1% |
| Dividend Yield | 0.0% | 0.2% | 0.6% | 1.1% | 2.3% | -- | -- | 2.2% |
| Total Returns | 2.8% | 8.1% | 13.2% | 14.1% | 13.1% | -- | -- | 12.2% | Ann. Volatility | 26.3% | 21.8% | 17.3% | 17.6% | 17.8% | -- | -- | 21.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 97% |
| MSCI EAFE | 0.65 | 48% |
| MSCI Emg Mkts | 0.43 | 22% |
Liquidity Measures
| Avg. volume (000) | 53 |
| ADV traded (mns) | $3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $54.96 |
| 30d moving avg. | $53.39 |
| Annualized volatility | 15.5% |
| Relative strength (RSI) | 63 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EQL | Alps Equal Sector Weight ETF | 56.9% | -45 bp | +5.7% |
| SSUS | Day Hagan/Ned Davis Research Smart Sector ETF | 47.1% | +9 bp | +4.5% |
| OEF | iShares S&P 100 ETF | 25.7% | -50 bp | +4.7% |
| XLG | Invesco S&P 500 Top 50 ETF | 25.6% | -50 bp | +4.3% |
| MGC | Vanguard Mega Cap ETF | 25.4% | -63 bp | +4.8% |
| IWL | iShares Russell Top 200 ETF | 25.4% | -55 bp | +4.7% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 25.2% | -41 bp | +4.5% |
| INRO | iShares U.S. Industry Rotation Active ETF | 25.1% | -28 bp | +4.4% |
| SFYF | SoFi Social 50 ETF | 25.0% | -41 bp | +0.5% |
| SPXN | ProShares S&P 500 Ex-Financials ETF | 25.0% | -61 bp | +5.0% |
Risk and Returns: 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 7/9/2025
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™
XLSR
5.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 965 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. XLSR's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places XLSR in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XLSRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (70 bp) Percentile rank | 57 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XLSR | 70.0 | 0.0 | 70 |
| Peer Avg. | 67.9 | 47.9 | 115.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .