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Technology Select Sector SPDR Fund (XLK)

ETF · Currency in USD · Last updated May 27, 2023

The Technology Select Sector SPDR Fund (XLK) is a passively managed exchange-traded fund (ETF) that seeks to track the investment results of the Technology Select Sector Index. The index is designed to measure the performance of the technology sector of the S&P 500 Index, which includes companies in the computer hardware, software, and communications industries.

The XLK ETF was launched on December 16, 1998, and is managed by State Street Global Advisors. It has an expense ratio of 0.13%.

The XLK ETF might be suitable for investors interested in gaining exposure to the technology sector and wanting to use it to diversify their portfolio. It may also attract investors who prefer a passive investment strategy, as the fund is designed to track the index's performance rather than trying to outperform it.

ETF Info

ISINUS81369Y8030
CUSIP81369Y803
IssuerState Street
Inception DateDec 16, 1998
RegionNorth America (U.S.)
CategoryTechnology Equities
Index TrackedTechnology Select Sector Index
ETF Home Pagewww.ssga.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

The Technology Select Sector SPDR Fund features an expense ratio of 0.13%, falling within the medium range.


0.13%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in Technology Select Sector SPDR Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


200.00%300.00%400.00%500.00%600.00%December2023FebruaryMarchAprilMay
576.59%
249.41%
XLK (Technology Select Sector SPDR Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with XLK

Return

Technology Select Sector SPDR Fund had a return of 32.71% year-to-date (YTD) and 17.66% in the last 12 months. Over the past 10 years, Technology Select Sector SPDR Fund had an annualized return of 19.57%, outperforming the S&P 500 benchmark which had an annualized return of 9.79%.


PeriodReturnBenchmark
1 month9.25%0.86%
Year-To-Date32.71%9.53%
6 months23.97%4.45%
1 year17.66%1.14%
5 years (annualized)20.27%9.36%
10 years (annualized)19.57%9.79%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20239.26%0.41%10.86%-0.12%
20227.65%6.33%-8.21%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
XLK
Technology Select Sector SPDR Fund
0.86
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Technology Select Sector SPDR Fund Sharpe ratio is 0.86. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.00December2023FebruaryMarchAprilMay
0.86
0.27
XLK (Technology Select Sector SPDR Fund)
Benchmark (^GSPC)

Dividend History

Technology Select Sector SPDR Fund granted a 0.97% dividend yield in the last twelve months. The annual payout for that period amounted to $1.61 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$1.61$1.29$1.12$1.20$1.06$0.99$0.88$0.84$0.77$0.72$0.61$0.50

Dividend yield

0.97%1.04%0.65%0.94%1.19%1.68%1.45%1.88%1.96%1.96%1.94%2.02%

Monthly Dividends

The table displays the monthly dividend distributions for Technology Select Sector SPDR Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.32$0.00
2022$0.00$0.00$0.29$0.00$0.00$0.32$0.00$0.00$0.32$0.00$0.00$0.37
2021$0.00$0.00$0.27$0.00$0.00$0.26$0.00$0.00$0.27$0.00$0.00$0.32
2020$0.00$0.00$0.37$0.00$0.00$0.28$0.00$0.00$0.25$0.00$0.00$0.30
2019$0.00$0.00$0.23$0.00$0.00$0.28$0.00$0.00$0.25$0.00$0.00$0.29
2018$0.00$0.00$0.22$0.00$0.00$0.26$0.00$0.00$0.25$0.00$0.00$0.27
2017$0.00$0.00$0.21$0.00$0.00$0.22$0.00$0.00$0.21$0.00$0.00$0.24
2016$0.00$0.00$0.22$0.00$0.00$0.21$0.00$0.00$0.20$0.00$0.00$0.22
2015$0.00$0.00$0.17$0.00$0.00$0.19$0.00$0.00$0.18$0.00$0.00$0.22
2014$0.00$0.00$0.16$0.00$0.00$0.18$0.00$0.00$0.17$0.00$0.00$0.22
2013$0.00$0.00$0.12$0.00$0.00$0.15$0.00$0.00$0.16$0.00$0.00$0.17
2012$0.10$0.00$0.00$0.11$0.00$0.00$0.13$0.00$0.00$0.17

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%December2023FebruaryMarchAprilMay
-5.60%
-12.32%
XLK (Technology Select Sector SPDR Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Technology Select Sector SPDR Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Technology Select Sector SPDR Fund is 82.05%, recorded on Oct 9, 2002. It took 3622 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-82.05%Mar 28, 2000636Oct 9, 20023622Mar 1, 20174258
-33.56%Dec 28, 2021200Oct 12, 2022
-31.15%Feb 20, 202023Mar 23, 202054Jun 9, 202077
-23.78%Oct 4, 201856Dec 24, 201868Apr 3, 2019124
-12.8%Feb 2, 199920Mar 2, 199923Apr 5, 199943

Volatility Chart

The current Technology Select Sector SPDR Fund volatility is 6.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%December2023FebruaryMarchAprilMay
6.45%
3.82%
XLK (Technology Select Sector SPDR Fund)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
ARKKOct 31, 20140.75%25.2%9.2%0.0%-80.9%-0.1
FTECOct 21, 20130.08%31.2%19.4%0.9%-35.0%0.8
QQQMar 10, 19990.20%31.0%17.9%0.8%-83.0%0.8
VGTJan 26, 20040.10%31.3%19.9%0.9%-54.6%0.8