Technology Select Sector SPDR Fund (XLK)
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
| ISIN | US81369Y8030 |
|---|---|
| CUSIP | 81369Y803 |
| Issuer | State Street |
| Inception Date | Dec 16, 1998 |
| Region | North America (U.S.) |
| Category | Technology Equities |
| Index Tracked | Technology Select Sector Index |
| Home Page | www.ssga.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
XLK has an expense ratio of 0.13%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: XLK vs. VGT, XLK vs. QQQ, XLK vs. IYW, XLK vs. FTEC, XLK vs. SMH, XLK vs. VOO, XLK vs. SPY, XLK vs. ARKK, XLK vs. SPYG, XLK vs. IGV
Performance
Performance Chart
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.
Returns By Period
Technology Select Sector SPDR Fund had a return of 11.34% year-to-date (YTD) and 22.25% in the last 12 months. Over the past 10 years, Technology Select Sector SPDR Fund had an annualized return of 19.90%, outperforming the S&P 500 benchmark which had an annualized return of 10.58%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.34% | 13.20% |
| 1 month | -5.71% | -1.28% |
| 6 months | 5.00% | 10.32% |
| 1 year | 22.25% | 18.23% |
| 5 years (annualized) | 22.16% | 12.31% |
| 10 years (annualized) | 19.90% | 10.58% |
Monthly Returns
The table below presents the monthly returns of XLK, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.70% | 4.70% | 0.79% | -5.76% | 7.08% | 7.84% | 11.34% | ||||||
| 2023 | 9.26% | 0.41% | 10.86% | -0.12% | 8.92% | 6.05% | 2.58% | -1.51% | -6.48% | 0.05% | 12.90% | 4.18% | 56.02% |
| 2022 | -6.84% | -4.88% | 3.34% | -11.02% | -0.69% | -9.26% | 13.45% | -6.21% | -11.97% | 7.65% | 6.33% | -8.21% | -27.73% |
| 2021 | -0.84% | 1.37% | 1.84% | 5.19% | -0.93% | 6.89% | 3.89% | 3.56% | -5.84% | 8.18% | 4.45% | 3.25% | 34.74% |
| 2020 | 3.99% | -7.30% | -8.58% | 13.74% | 7.18% | 6.95% | 5.68% | 11.88% | -5.34% | -5.00% | 11.38% | 5.54% | 43.62% |
| 2019 | 6.94% | 6.91% | 4.77% | 6.36% | -8.66% | 8.94% | 3.50% | -1.54% | 1.57% | 3.90% | 5.37% | 4.32% | 49.86% |
| 2018 | 7.04% | -0.41% | -3.73% | 0.06% | 6.78% | -0.26% | 2.09% | 6.60% | -0.02% | -8.00% | -1.96% | -8.38% | -1.68% |
| 2017 | 3.56% | 4.53% | 2.23% | 2.01% | 3.95% | -2.81% | 4.46% | 2.92% | 0.82% | 6.51% | 1.41% | 0.55% | 34.26% |
| 2016 | -3.71% | -0.65% | 8.82% | -5.03% | 4.89% | -1.38% | 7.10% | 1.16% | 2.10% | -0.75% | 0.17% | 2.26% | 15.01% |
| 2015 | -3.51% | 8.00% | -3.43% | 2.75% | 1.86% | -4.11% | 2.85% | -5.52% | -1.37% | 10.51% | 0.71% | -2.08% | 5.47% |
| 2014 | -2.57% | 4.39% | 0.43% | 0.27% | 3.76% | 1.87% | 1.70% | 3.28% | -0.52% | 1.60% | 4.81% | -2.18% | 17.84% |
| 2013 | 1.91% | 0.78% | 2.58% | 1.75% | 2.79% | -2.91% | 3.74% | -1.04% | 2.53% | 5.03% | 3.09% | 3.54% | 26.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of XLK is 66, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Technology Select Sector SPDR Fund granted a 0.71% dividend yield in the last twelve months. The annual payout for that period amounted to $1.52 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.52 | $1.46 | $1.29 | $1.12 | $1.20 | $1.06 | $0.99 | $0.88 | $0.84 | $0.77 | $0.72 | $0.61 |
Dividend yield | 0.71% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.40 | $0.00 | $0.74 | |||||
| 2023 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.42 | $1.46 |
| 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 | $1.29 |
| 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 | $1.12 |
| 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 | $1.20 |
| 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 | $1.06 |
| 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 | $0.99 |
| 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 | $0.88 |
| 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 | $0.84 |
| 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 | $0.77 |
| 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 | $0.72 |
| 2013 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Technology Select Sector SPDR Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Technology Select Sector SPDR Fund was 82.05%, occurring on Oct 9, 2002. Recovery took 3622 trading sessions.
The current Technology Select Sector SPDR Fund drawdown is 10.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -82.05% | Mar 28, 2000 | 636 | Oct 9, 2002 | 3622 | Mar 1, 2017 | 4258 |
| -33.56% | Dec 28, 2021 | 200 | Oct 12, 2022 | 169 | Jun 15, 2023 | 369 |
| -31.15% | Feb 20, 2020 | 23 | Mar 23, 2020 | 54 | Jun 9, 2020 | 77 |
| -23.78% | Oct 4, 2018 | 56 | Dec 24, 2018 | 68 | Apr 3, 2019 | 124 |
| -12.8% | Feb 2, 1999 | 20 | Mar 2, 1999 | 23 | Apr 5, 1999 | 43 |
Volatility
Volatility Chart
The current Technology Select Sector SPDR Fund volatility is 7.52%, 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.