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 (XAR) is an Industrials category fund managed by State Street Investment Management with $6.47 billion in assets under management. It currently holds an overall rank of #194 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 63.1/100. The fund charges an expense ratio of 0.35% and offers a dividend yield of 0.28%. Trading at a price of $269.01, the substantial asset size suggests significant investor adoption within the sector. This fund is one of 9 ETFs tracked by ETFValuer in the Industrials category. The combination of its high asset base and mid-tier ranking indicates a well-established but moderately rated vehicle. Its cost structure and income profile are standard for a large-cap sector fund of this type.

Over the last day, the fund declined by 0.57% before recovering with a 4.04% gain over the one-week period. The one-month return shows a contraction of 1.25%, while the three-month horizon reflects a positive shift of 2.86%. A six-month view reveals a decline of 5.69%, contrasting with a year-to-date gain of 7.50%. The one-year return stands at 22.11%, and the three-year annualized return is notably higher at 118.52%. This pattern indicates a divergence where short-term fluctuations have been negative or mixed, while longer-term horizons show strong accumulation. The data suggests a recovery trend from the six-month low into the current year-to-date performance.

The fund carries a High volatility label and a beta of 1.26, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 0.61 suggests the fund has generated moderate risk-adjusted returns relative to the volatility experienced. The maximum drawdown of -19.73% highlights the potential for significant temporary losses during market downturns. This combination of high beta and high volatility implies the fund amplifies market moves in both directions. Investors may experience larger swings in value compared to lower-beta peers within the Industrials category. The Sharpe ratio indicates that despite the elevated risk, the fund has delivered positive returns relative to the standard deviation of those returns.

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

XAR Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 31.8% 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 — ITA overlaps most, holding 4 of the same companies as XAR's top 10 (12.5% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XAR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.02% and average daily volume is 217K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $6.47B 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