XTN
SPDR S&P Transportation ETF
SPDR S&P Transportation 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 Transportation Select Industry Index.
US
EQUITY
Passive
MANAGEMENT STYLE
150.4 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 26, 2011 |
| Assets (mns) | $150 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JOBY AVIATION, INC. | 3.8 % |
| C.H. ROBINSON WORLDWIDE INC | 3.2 % |
| UNITED CONTINENTAL HOLDINGS | 3.2 % |
| SAIA INC | 3.0 % |
| DELTA AIR LINES INC | 3.0 % |
| GXO LOGISTICS INC | 3.0 % |
| RYDER SYSTEM INC | 3.0 % |
| AMERICAN AIRLINES GROUP INC | 3.0 % |
| AVIS BUDGET GROUP INC | 3.0 % |
| ALASKA AIR GROUP INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 259 |
| Wgt avg mkt cap (mns) | $21,720 |
| Large cap (>$10bn) | 37.2% |
| Mid cap ($2-10bn) | 43.5% |
| Small cap (<$2bn) | 16.1% |
| Developed mkts. | 97.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.2 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.5% | 2.0% | -3.0% | 2.5% | 8.7% | 5.2% | -- | 8.4% |
| Dividend Yield | 0.4% | 1.0% | 0.9% | 0.9% | 1.0% | 1.0% | -- | 0.9% |
| Total Returns | -4.1% | 2.9% | -2.2% | 3.5% | 9.7% | 6.3% | -- | 9.3% | Ann. Volatility | 34.8% | 30.3% | 25.9% | 25.9% | 26.0% | 25.8% | -- | 24.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.59 | 74% |
| MSCI EAFE | 1.05 | 36% |
| MSCI Emg Mkts | 0.78 | 21% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| Recent close | $86.44 |
| 30d moving avg. | $84.45 |
| Annualized volatility | 28.3% |
| Relative strength (RSI) | 58 |
| Short interest | 1.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IYT | iShares US Transportation ETF | 51.4% | +5 bp | +4.9% |
| FTXR | First Trust Nasdaq Transportation ETF | 35.2% | +25 bp | +8.7% |
| SUPL | ProShares Supply Chain Logistics ETF | 32.5% | +23 bp | +11.6% |
| JETS | U.S. Global Jets ETF | 23.6% | +25 bp | +2.5% |
| AIRL | Themes Airlines ETF | 23.3% | 0 bp | +1.7% |
| SHPP | Pacer Industrials and Logistics ETF | 21.4% | +25 bp | +8.5% |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 17.0% | +5 bp | +5.1% |
| XLI | Industrial Select Sector SPDR Fund | 13.9% | -27 bp | +4.3% |
| FIDU | Fidelity MSCI Industrial Index ETF | 13.5% | -27 bp | +4.4% |
| VIS | Vanguard Industrials ETF | 13.5% | -26 bp | +4.4% |
Risk and Returns: XTN 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 8/27/2025
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™
XTN
4.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 975 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. XTN's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XTN in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XTNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| (35 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XTN | 35.0 | 0.0 | 35 |
| Peer Avg. | 24.8 | 8.7 | 33.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .