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SPDR S&P Software & Services ETF (XSW)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

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

Share Price Chart


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Performance

Performance Chart

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


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S&P 500 Index

Returns By Period

SPDR S&P Software & Services ETF (XSW) has returned -23.97% so far this year and -10.96% over the past 12 months. Over the last ten years, XSW has had an annualized return of 11.83%, just under the S&P 500 Index benchmark’s 12.16%.


SPDR S&P Software & Services ETF

1D
2.63%
1M
-5.49%
YTD
-23.97%
6M
-28.05%
1Y
-10.96%
3Y*
5.07%
5Y*
-2.31%
10Y*
11.83%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 29, 2011, XSW's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, your investment would double in approximately 4.7 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%-23.97%
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 0.71%, beta of 1.11, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since September 30, 2011.

  • This ETF captured 112.75% 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 0.63, 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
0.71%
Beta
1.11
0.63
Upside Capture
112.75%
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 5 for risk / return — in the bottom 5% 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: 55
Overall Rank
XSW Sharpe Ratio Rank: 66
Sharpe Ratio Rank
XSW Sortino Ratio Rank: 66
Sortino Ratio Rank
XSW Omega Ratio Rank: 66
Omega Ratio Rank
XSW Calmar Ratio Rank: 66
Calmar Ratio Rank
XSW Martin Ratio Rank: 44
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 a chosen benchmark (S&P 500 Index).


XSWBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.36

0.90

-1.26

Sortino ratio

Return per unit of downside risk

-0.33

1.39

-1.71

Omega ratio

Gain probability vs. loss probability

0.96

1.21

-0.25

Calmar ratio

Return relative to maximum drawdown

-0.38

1.40

-1.77

Martin ratio

Return relative to average drawdown

-1.01

6.61

-7.61

Explore XSW risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

SPDR S&P Software & Services ETF provided a 0.05% 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

0.05%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
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 30.67%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-45.38%Nov 10, 2021252Nov 9, 2022503Nov 11, 2024755
-37.82%Feb 20, 202020Mar 18, 202067Jun 23, 202087
-32.64%Sep 23, 2025129Mar 27, 2026
-30.79%Dec 9, 202482Apr 8, 2025114Sep 22, 2025196
-24.7%Jun 24, 2015158Feb 8, 2016107Jul 12, 2016265

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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