XLK — State Street Technology Select Sector SPDR ETF

Overview

The State Street Technology Select Sector SPDR ETF (XLK) is a technology sector fund managed by State Street Investment Management. With $124 billion in assets under management and a trading price of $181.40, the fund demonstrates significant investor adoption within its category. It holds an overall rank of #14 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of B+ with a score of 78.8. The fund carries a low expense ratio of 0.08% while offering a dividend yield of 0.62%. This combination of substantial assets and a competitive cost structure positions it as a major vehicle for technology exposure. The fund operates within a category containing four ETFs tracked by ETFValuer.

Recent performance data shows a sharp divergence between short-term and long-term returns, with the fund gaining 1.24% over one day but declining 4.79% over the past week. Monthly returns have been positive at 0.73%, while the three-month period saw a significant acceleration to a 32.15% gain. Year-to-date returns stand at 26.02%, and the one-year return has reached 43.07%. The long-term trajectory is even more pronounced, with a three-year return of 109.96%. This pattern indicates strong momentum over extended periods despite recent weekly volatility.

The fund is classified with a High volatility label and carries a beta of 1.43, suggesting it moves more aggressively than the broader market. A Sharpe ratio of 1.57 indicates that the returns generated have been efficient relative to the risk taken during the measurement period. However, the fund has experienced a maximum drawdown of -25.66%, reflecting the potential for significant temporary losses. This combination of high beta and deep drawdowns implies that the ETF is sensitive to market swings, offering substantial upside potential alongside periods of sharp declines. Investors should expect price movements that are more pronounced than average market fluctuations.

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

XLK Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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.

XLK Performance History

How XLK Compares to Other Technology ETFs