- ISIN
- US78464A5992
- CUSIP
- 78464A599
- Issuer
- State Street
- Inception Date
- Sep 28, 2011
- Region
- North America (U.S.)
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Software & Services Select Industry Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $423M
Share Price Chart
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Performance
XSW Performance Chart
SPDR S&P Software & Services ETF (XSW) is down 2.3% since the beginning of the year. XSW is currently trading at $183 per share. Investors who bought $1,000 worth of XSW shares 5 years ago would now be looking at an investment worth $1,150.
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Returns By Period
SPDR S&P Software & Services ETF (XSW) has returned -2.29% so far this year and -0.06% over the past 12 months. Over the last decade, XSW has posted an annualized return of 13.81%, slightly higher than the S&P 500 Index benchmark’s 13.75%.
SPDR S&P Software & Services ETF
- 1D
- -2.53%
- 1M
- 14.12%
- YTD
- -2.29%
- 6M
- -3.45%
- 1Y
- -0.06%
- 3Y*
- 12.62%
- 5Y*
- 2.84%
- 10Y*
- 13.81%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
XSW Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2011, XSW's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.4%, while the worst month was Mar 2020 at -16.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XSW closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.66% | -9.95% | -5.49% | 6.32% | 17.19% | 3.14% | -2.29% | ||||||
| 2025 | 2.86% | -9.37% | -9.22% | 1.97% | 9.87% | 6.02% | -1.53% | 2.07% | 3.66% | 0.39% | -6.11% | 0.40% | -0.90% |
| 2024 | -1.66% | 4.69% | 0.78% | -6.97% | 0.19% | 4.03% | 3.51% | 0.53% | 2.20% | 3.29% | 17.50% | -3.11% | 25.81% |
| 2023 | 11.99% | -1.16% | 2.32% | -5.34% | 9.71% | 4.42% | 6.65% | -5.31% | -5.70% | -5.65% | 13.97% | 10.22% | 38.60% |
| 2022 | -9.91% | -3.13% | 2.09% | -11.46% | -6.45% | -9.08% | 8.73% | -2.51% | -8.95% | 7.25% | -2.02% | -3.33% | -34.22% |
| 2021 | 0.19% | 4.02% | -1.93% | 3.55% | -1.45% | 6.76% | -0.05% | 4.08% | -3.75% | 5.63% | -8.49% | -0.28% | 7.47% |
Benchmark Metrics
SPDR S&P Software & Services ETF has an annualized alpha of 1.35%, beta of 1.11, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since September 30, 2011.
- This ETF captured 115.44% of S&P 500 Index gains and 110.54% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.11 and R2 of 0.61, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.35%
- Beta
- 1.11
- R²
- 0.61
- Upside Capture
- 115.44%
- Downside Capture
- 110.54%
Expense Ratio
XSW has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XSW ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Software & Services ETF (XSW) and compare them to S&P 500 Index.
| XSW | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 2.39 | -2.32 |
Sortino ratioReturn per unit of downside risk | 0.29 | 3.25 | -2.96 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 3.11 | -3.05 |
Martin ratioReturn relative to average drawdown | 0.13 | 14.38 | -14.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
SPDR S&P Software & Services ETF provided a 0.04% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.07 | $0.12 | $0.14 | $0.31 | $0.10 | $0.22 | $0.40 | $0.12 | $0.23 | $0.32 | $0.47 | $0.27 |
Dividend yield | 0.04% | 0.06% | 0.07% | 0.20% | 0.09% | 0.13% | 0.26% | 0.12% | 0.31% | 0.46% | 0.87% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Software & Services ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.04 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.06 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Software & Services ETF. 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 SPDR S&P Software & Services ETF was 45.38%, occurring on Nov 9, 2022. Recovery took 503 trading sessions.
The current SPDR S&P Software & Services ETF drawdown is 10.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -45.38%Nov 2022 | 12mo 4d | 2y 3d | 3y 2dNov 2021 - Nov 2024 |
COVID crash2020 | -37.82%Mar 2020 | 27d | 3mo 7d | 4mo 4dFeb 2020 - Jun 2020 |
2026 bear market2026 | -33.75%Apr 2026 | 6mo 19d | — | 8mo 14dSep 2025 - now |
2025 selloff2025 | -30.79%Apr 2025 | 4mo | 5mo 17d | 9mo 17dDec 2024 - Sep 2025 |
2016 bear market2016 | -24.70%Feb 2016 | 7mo 19d | 5mo 5d | 1y 19dJun 2015 - Jul 2016 |
Drawdown Indicators
| XSW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -56.78% | +11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -33.75% | -9.10% | -24.65% |
Max Drawdown (3Y)Largest decline over 3 years | -33.75% | -18.90% | -14.85% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | -25.43% | -19.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | -33.92% | -11.46% |
Current DrawdownCurrent decline from peak | -10.91% | 0.00% | -10.91% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -10.72% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.69% | 1.97% | +13.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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