XLC — State Street Communication Services Select Sector SPDR ETF

XLC Price Performance — Growth of $10,000

Value of a $10,000 investment in XLC 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.

XLC Drawdown

The "underwater" chart: XLC'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 Communication Services Select Sector SPDR ETF is a $22.5 billion fund issued by State Street Investment Management, holding 76.1% of its assets in its top ten positions with Meta Platforms Inc as the largest single holding at 19.9%. It carries an ETFValuer grade of C, reflecting a score of 55.7 out of 100, and ranks 3 of 4 within the Communication Services category. The fund’s expense ratio of 0.08% sits slightly below the category median of 0.087%, while its dividend yield of 1.24% exceeds the sector median of 1.11%. This overall ranking places it at #297 of 458 tracked ETFs across all categories.

Price action shows the fund trading at $111.26, which is 40.5% of its 52-week range between $105.03 and $120.41. Short-term returns are mixed, with a 1-day decline of 0.35% contrasting against a 1-week gain of 0.26% and a 1-month increase of 0.10%. The longer-term picture reveals a divergence, as the 3-month return of +1.01% stands in contrast to negative performance over the past 6 months (-1.66%), year-to-date (-3.96%), and 1 year (-3.32%). The 1-year return of -3.32% trails the category median of +4.03%, while the 3-year return has reached +69.80%. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a beta of 0.85, indicating it moves 85% as much as the broader market, alongside an annualized volatility of 16.02% labeled as Moderate. A maximum drawdown of -17.97% highlights the peak-to-trough decline experienced during the measurement period. The Sharpe ratio of -0.52 suggests that risk-adjusted returns have been negative relative to the risk-free rate. Liquidity is supported by an average daily volume of 5,430,403 shares, facilitating trading activity. These metrics collectively describe a fund that has delivered negative risk-adjusted performance despite moderate volatility levels.

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

XLC Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 76.1% 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 XLC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLC's top 10 — VOX overlaps most, holding 7 of the same companies as XLC's top 10 (66.2% of XLC'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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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.

XLC Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 5.4M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $22.5B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLC 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.

XLC Performance History

How XLC Compares to Other Communication Services ETFs