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ISIN
US78464A5992
CUSIP
78464A599
Inception Date
Sep 28, 2011
Region
North America (U.S.)
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-10.66%-9.95%-5.49%6.32%17.19%3.14%-2.29%
20252.86%-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%
202311.99%-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%
20210.19%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
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.


XSW Risk / Return Rank: 99
Overall Rank
XSW Sharpe Ratio Rank: 99
Sharpe Ratio Rank
XSW Sortino Ratio Rank: 1010
Sortino Ratio Rank
XSW Omega Ratio Rank: 1010
Omega Ratio Rank
XSW Calmar Ratio Rank: 99
Calmar Ratio Rank
XSW Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


XSWBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.07

2.39

-2.32

Sortino ratio

Return per unit of downside risk

0.29

3.25

-2.96

Omega ratio

Gain probability vs. loss probability

1.04

1.43

-0.40

Calmar ratio

Return relative to maximum drawdown

0.06

3.11

-3.05

Martin ratio

Return relative to average drawdown

0.13

14.38

-14.25

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.


0.00%0.20%0.40%0.60%0.80%$0.00$0.10$0.20$0.30$0.40$0.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 4d2y 3d
3y 2dNov 2021 - Nov 2024
COVID crash2020
-37.82%Mar 2020
27d3mo 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
4mo5mo 17d
9mo 17dDec 2024 - Sep 2025
2016 bear market2016
-24.70%Feb 2016
7mo 19d5mo 5d
1y 19dJun 2015 - Jul 2016

Drawdown Indicators


XSWBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-10.91%

0.00%

-10.91%

Average Drawdown

Average peak-to-trough decline

-9.83%

-10.72%

+0.89%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with XSW

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