XSW
State Street SPDR S&P Software & Services ETF
SPDR S&P Software & Services ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Software & Services Select Industry Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 433.2 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Sep 28, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RAPID7 INC | 1.2 % |
| NETSKOPE INC-CL A | 1.1 % |
| TENABLE HOLDINGS, INC. | 1.1 % |
| PORCH GROUP, INC. | 1.0 % |
| QUALYS INC | 1.0 % |
| VARONIS SYSTEMS INC | 1.0 % |
| YEXT, INC. | 1.0 % |
| AMPLITUDE INC CLASS A | 1.0 % |
| BILL.COM HOLDINGS, INC. | 1.0 % |
| PALO ALTO NETWORKS INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 125 |
| Herfindahl-Hirschman Index | 78 |
| Wgt avg mkt cap (mns) | $41,595 |
| Large cap (>$10bn) | 31.2% |
| Mid cap ($2-10bn) | 36.3% |
| Small cap (<$2bn) | 25.7% |
| Developed mkts. | 93.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.5 % |
 |
CANADA | 1.1 % |
 |
AUSTRALIA | 0.7 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -8.2% | -9.5% | 6.6% | 8.8% | 0.0% | 13.0% | -- | 14.0% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.3% | -- | 0.8% |
| Total Returns | -8.2% | -9.5% | 6.6% | 8.9% | 0.1% | 13.3% | -- | 14.8% | Ann. Volatility | 34.7% | 29.1% | 29.2% | 26.9% | 29.0% | 26.3% | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.29 | 30% |
| MSCI EAFE | 0.57 | 9% |
| MSCI Emg Mkts | 0.41 | 10% |
Liquidity Measures
| Avg. volume (000) | 36 |
| ADV traded (mns) | $6 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $172.22 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 3.48/3.31 |
| Bollinger Bands (Upper/Lower) | $187.18/$158.04 |
| Short interest (% of AUM) | 2.0% |
Distributions
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. XSW |
Expenses vs. XSW |
ALTAR Score™ vs. XSW |
|---|---|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 32.4% | +10 bp | -1.4% |
| IGV | iShares Expanded Tech-Software Sector ETF | 31.0% | +6 bp | +0.4% |
| SKYY | First Trust Cloud Computing ETF | 25.1% | +25 bp | -0.4% |
| XITK | State Street SPDR FactSet Innovative Technology ETF | 24.7% | +10 bp | -2.9% |
| DFNV | Donoghue Forlines Innovation ETF | 22.8% | +34 bp | +1.0% |
| FCLD | Fidelity Cloud Computing ETF | 19.2% | +4 bp | +0.0% |
| FXL | First Trust Technology AlphaDEX Fund | 18.3% | +26 bp | +1.9% |
| TSNF | Truth Social American Next Frontiers ETF | 16.9% | +30 bp | -3.8% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 16.8% | +14 bp | +1.3% |
| DTEC | ALPS Disruptive Technologies ETF | 16.7% | +15 bp | +0.3% |
Risk and Returns: XSW 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 7/22/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
4.2%
ALTAR SCORE™
29th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,398 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. XSW's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places XSW in the 29th percentile
among funds in the category.
Sell-Side Consensus
$229.85
PRICE TARGET
+30.5%
UPSIDE