XSD — State Street SPDR S&P Semiconductor ETF

XSD Price Performance — Growth of $10,000

Value of a $10,000 investment in XSD 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.

XSD Drawdown

The "underwater" chart: XSD'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 Semiconductor ETF (XSD) is a technology sector fund managed by State Street Investment Management with $3.12 billion in assets. It holds an ETFValuer grade of C, reflecting a score of 63.8 out of 100, and ranks 13th among 17 peers in its category. The fund’s 0.35% expense ratio sits slightly below the category median of 0.37%, while its 0.18% dividend yield trails the median of 0.19%. Top holdings account for 34.5% of assets, with the largest position being State Street Global Advisors at 7.9%.

XSD has delivered a 1-year return of +37.02%, outperforming the category median of +29.02%, though this contrasts with a -13.85% decline over the past month. The fund’s price of $453.75 currently sits at 45.8% of its 52-week range, indicating a position midway between its recent lows and highs. Despite strong long-term gains, including a 3-year return of +173.97%, the fund was downgraded from a B to a C grade on 2026-10-16. This rating change coincides with the fund having only 3.0 years of available price history.

The ETF exhibits a beta of 2.76, meaning it moves nearly three times as much as the broader market, contributing to its 47.13% annualized volatility. This high volatility is labeled as Very High and is accompanied by a maximum drawdown of -41.25%, highlighting significant downside risk during downturns. A Sharpe ratio of 0.68 suggests that the risk-adjusted returns have been moderate relative to the volatility experienced. Liquidity is supported by an average daily volume of 114,834 shares, providing reasonable trading activity for the fund.

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

XSD Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 34.5% 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 XSD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XSD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XSD's top 10 — XLK overlaps most, holding 3 of the same companies as XSD's top 10 (8.2% of XSD'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.

XSD Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 115K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.12B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XSD 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.

XSD Performance History

How XSD Compares to Other Technology ETFs