XAR — State Street SPDR S&P Aerospace & Defense ETF

XAR Price Performance — Growth of $10,000

Value of a $10,000 investment in XAR over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XAR Drawdown

The "underwater" chart: XAR's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P Aerospace & Defense ETF is an Industrials category fund managed by State Street Investment Management with $5.54 billion in assets. It holds a D grade and ranks last among the nine tracked ETFs in its sector, placing it at #398 overall. The fund charges an expense ratio of 0.35%, which matches the category median, while its dividend yield of 0.19% trails the sector median of 0.84%. Top ten holdings comprise 30.5% of assets, with VSE Corp representing the largest single position at 3.4%.

The fund’s price of $217.79 sits at 8.7% of its 52-week range, reflecting a recent downgrade from C to D on 2026-10-08. Short-term returns show significant weakness, with losses of -0.24% over one day and -3.00% over one week. This negative momentum extends to the one-month period at -9.05% and the year-to-date figure of -12.97%. In contrast, the three-year horizon shows a positive return of +95.41%, diverging sharply from the one-year result of -8.16% which underperforms the category median of +7.97%. Historical data is limited to three years, constraining the long-term view.

With a beta of 1.30, the ETF exhibits higher sensitivity to market movements compared to the broader index. Annualized volatility of 29.25% is classified as High, contributing to a negative Sharpe ratio of -0.45. The maximum drawdown of -26.56% indicates substantial peak-to-trough declines during the recorded period. Liquidity is supported by an average daily volume of 307,251 shares, though the high volatility and negative risk-adjusted returns suggest elevated risk for investors.

AI-generated summary based on the data on this page.

XAR Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XAR's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XAR

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XAR's top 10 — MDYG overlaps most, holding 3 of the same companies as XAR's top 10 (9.0% of XAR's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XAR Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 307K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $5.54B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XAR is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XAR Performance History

How XAR Compares to Other Industrials ETFs