XTN — State Street SPDR S&P Transportation ETF
Industrials Ranked #382 of 458 tracked ETFs · Issued by State Street Investment Management
XTN Price Performance — Growth of $10,000
Value of a $10,000 investment in XTN 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.
XTN Drawdown
The "underwater" chart: XTN'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.
What If You'd Invested in XTN?
See what a lump sum in XTN would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The State Street SPDR S&P Transportation ETF is an Industrials category fund managed by State Street Investment Management with $296 million in assets. It holds a D grade, ranking 8th out of 9 peers in its category and 382nd of 458 tracked ETFs overall. The fund charges an expense ratio of 0.35%, matching the category median, while offering a dividend yield of 0.76% that trails the peer average of 0.84%. Top ten holdings comprise 30.6% of assets, with the largest position being Allegiant Travel Co at 3.6%.
The fund’s price sits at 44.4% of its 52-week range, reflecting a recent downgrade from C to D on 2026-10-19. Short-term returns show weakness with a 1.78% drop over one day and a 13.34% decline over three months. In contrast, the longer-term record is positive, with a 15.88% gain over one year and a 46.94% increase over three years. This one-year performance significantly outpaces the category median of 7.97%. The analysis is based on 3.0 years of available price history.
With a beta of 1.60, the ETF exhibits high sensitivity to market movements compared to the broader index. Annualized volatility stands at 26.81%, which is labeled as High, indicating significant price fluctuation. The fund experienced a maximum drawdown of -33.70%, highlighting substantial downside risk during peak stress periods. A Sharpe ratio of 0.41 suggests modest risk-adjusted returns relative to the volatility endured. Liquidity is moderate, with an average daily volume of 81,659 shares.
AI-generated summary based on the data on this page.
XTN Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Allegiant Travel Co | 3.61% | $13M |
| 2 | American Airlines Group Inc | 3.31% | $12M |
| 3 | United Airlines Holdings Inc | 3.26% | $12M |
| 4 | Alaska Air Group Inc | 3.08% | $11M |
| 5 | JetBlue Airways Corp | 3.06% | $11M |
| 6 | Southwest Airlines Co | 3.06% | $11M |
| 7 | Delta Air Lines Inc | 3.01% | $11M |
| 8 | SkyWest Inc | 2.87% | $11M |
| 9 | Lyft Inc | 2.68% | $10M |
| 10 | GXO Logistics Inc | 2.61% | $10M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.6% 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 XTN's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With XTN
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XTN's top 10 — JETS overlaps most, holding 7 of the same companies as XTN's top 10 (22.4% of XTN's assets).
| ETF | Name | Shared Companies | XTN Weight | Examples |
|---|---|---|---|---|
| JETS | U.S. Global Jets ETF | 7 | 22.4% | American Airlines Group Inc, United Airlines Holdings Inc, Southwest Airlines Co… |
| IYT | iShares Transportation Average ETF | 2 | 6.3% | United Airlines Holdings Inc, Delta Air Lines Inc |
| IWS | iShares Russell Mid-Cap Value ETF | 1 | 3.0% | Delta Air Lines Inc |
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.
What XTN's Fees Cost You
XTN charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
XTN Dividend Income Estimator
XTN currently yields 0.76%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
XTN Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 82K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $296M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: XTN 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.
XTN Performance History
| Period | Return |
|---|---|
| 1-Day | -1.78% |
| 1-Week | -0.04% |
| 1-Month | -0.84% |
| 3-Month | -13.34% |
| 6-Month | -6.60% |
| YTD | +5.98% |
| 1-Year | +15.88% |
| 3-Year | +46.94% |
How XTN Compares to Other Industrials ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #199 | B |
XLI | State Street Industrial Select Sector SPDR ETF | +8.92% | 0.08% | $29.8B |
| #259 | C |
VIS | Vanguard Industrials Index Fund ETF Shares | +7.83% | 0.09% | $8.55B |
| #286 | C |
FIDU | Fidelity MSCI Industrials Index ETF | +7.97% | 0.084% | $2.32B |
| #304 | C |
PAVE | Global X U.S. Infrastructure Development ETF | +10.30% | 0.47% | $13.4B |
| #340 | C |
IYJ | iShares U.S. Industrials ETF | +7.18% | 0.37% | $1.98B |
| #349 | C |
IYT | iShares Transportation Average ETF | +14.02% | 0.37% | $1.88B |
| #361 | C |
ITA | iShares U.S. Aerospace & Defense ETF | -3.71% | 0.37% | $12.1B |
| #382 | D |
XTN | State Street SPDR S&P Transportation ETF | +15.88% | 0.35% | $296M |
| #398 | D |
XAR | State Street SPDR S&P Aerospace & Defense ETF | -8.16% | 0.35% | $5.54B |