XLK — State Street Technology Select Sector SPDR ETF

XLK Price Performance — Growth of $10,000

Value of a $10,000 investment in XLK 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.

XLK Drawdown

The "underwater" chart: XLK'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 Technology Select Sector SPDR ETF (XLK) is a technology-focused exchange-traded fund (ETF) managed by State Street Investment Management. It ranks #28 among 458 tracked ETFs across all categories, indicating a solid position in the market. With an expense ratio of 0.08%, the fund is relatively cost-effective, and its dividend yield of 0.60% provides a modest income stream for investors. The fund's price stands at $183.31, and it has an asset under management (AUM) of $115 billion, suggesting significant investor adoption and liquidity. This combination of a high rank, low expense ratio, and substantial AUM implies that XLK is a well-adopted and efficiently managed fund in the technology sector.

The performance of the State Street Technology Select Sector SPDR ETF (XLK) shows a mix of short-term and long-term gains. Over the past year, the fund has seen a strong return of +41.83%, while over the past three years, it has delivered an impressive +119.86%. In the shorter term, the fund has experienced some volatility, with a 1-day return of +0.11% and a 1-week return of -3.53%. However, over the longer term, the 1-month and 3-month returns of +2.72% and +2.76%, respectively, indicate a more stable performance. The 6-month and year-to-date (YTD) returns of +30.43% and +27.34% further support the fund's strong performance, suggesting a trend of accelerating gains over time.

The State Street Technology Select Sector SPDR ETF (XLK) is labeled as having high volatility, which is reflected in its beta of 1.47. This indicates that the fund is more sensitive to market movements compared to the broader market. The Sharpe ratio of 1.42 suggests that the fund provides a good risk-adjusted return, meaning that the returns are relatively high compared to the level of risk taken. However, the maximum drawdown of -25.66% highlights the fund's potential for significant losses during market downturns. This combination of high volatility, a relatively high Sharpe ratio, and a substantial drawdown implies that XLK is a fund that can offer high returns but also comes with the risk of significant price declines, making it suitable for investors who can tolerate higher risk in pursuit of potentially higher rewards.

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. Top 10 holdings make up 61.4% 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 XLK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLK

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLK's top 10 — FTEC overlaps most, holding 9 of the same companies as XLK's top 10 (58.4% of XLK'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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

See it in a portfolio

XLK isn't one of the twelve funds in the portfolio game, but SMH — Semiconductors — sits in the same category and is. It is an equivalent, not a substitute: different holdings, different fee, different returns.

Free, no sign-up, virtual money only.

XLK Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.37% and average daily volume is 10.9M/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 $115B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLK 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.

XLK Performance History

How XLK Compares to Other Technology ETFs