XSW
State Street SPDR S&P Software & Services ETF
SPDR S&P Software & Services ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Software & Services Select Industry Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 487.4 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Sep 28, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PORCH GROUP, INC. | 1.1 % |
| BLACKBAUD INC | 1.0 % |
| NETSKOPE INC-CL A | 1.0 % |
| RINGCENTRAL, INC. CLASS A | 1.0 % |
| YEXT, INC. | 1.0 % |
| ON ASSIGNMENT INC | 1.0 % |
| BILL.COM HOLDINGS, INC. | 1.0 % |
| Q2 HOLDINGS INC | 0.9 % |
| INTAPP, INC. | 0.9 % |
| RAPID7 INC | 0.9 % |
Constituent Breakdown
| Number of holdings | 125 |
| Herfindahl-Hirschman Index | 77 |
| Wgt avg mkt cap (mns) | $41,800 |
| Large cap (>$10bn) | 31.3% |
| Mid cap ($2-10bn) | 36.2% |
| Small cap (<$2bn) | 25.9% |
| Developed mkts. | 94.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.4 % |
 |
CANADA | 1.2 % |
 |
AUSTRALIA | 0.8 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.4% | -2.2% | 8.1% | 8.7% | 1.3% | 13.0% | -- | 14.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.3% | -- | 0.8% |
| Total Returns | -2.4% | -2.2% | 8.1% | 8.8% | 1.4% | 13.3% | -- | 15.2% | Ann. Volatility | 33.8% | 29.8% | 29.5% | 27.1% | 29.1% | 26.4% | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 27% |
| MSCI EAFE | 0.53 | 8% |
| MSCI Emg Mkts | 0.33 | 7% |
Liquidity Measures
| Avg. volume (000) | 49 |
| ADV traded (mns) | $10 |
| Turnover | 2.0% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $174.52 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 2.56/2.13 |
| Bollinger Bands (Upper/Lower) | $185.83/$168.78 |
| Short interest (% of AUM) | 2.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XSW |
Expenses vs. XSW |
ALTAR Score™ vs. XSW |
|---|---|---|---|---|
| IGV | iShares Expanded Tech-Software Sector ETF | 31.6% | +6 bp | +0.3% |
| WCLD | WisdomTree Cloud Computing Fund | 31.5% | +10 bp | -1.4% |
| SKYY | First Trust Cloud Computing ETF | 24.6% | +25 bp | -0.5% |
| XITK | State Street SPDR FactSet Innovative Technology ETF | 23.9% | +10 bp | -2.6% |
| DFNV | Donoghue Forlines Innovation ETF | 22.7% | +34 bp | +0.9% |
| FCLD | Fidelity Cloud Computing ETF | 19.1% | +4 bp | -0.2% |
| FXL | First Trust Technology AlphaDEX Fund | 18.3% | +26 bp | +1.9% |
| TSNF | Truth Social American Next Frontiers ETF | 17.1% | +30 bp | -3.4% |
| DTEC | ALPS Disruptive Technologies ETF | 16.5% | +15 bp | +0.1% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 16.3% | +14 bp | +1.6% |
Risk and Returns: XSW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.8%
ALTAR SCORE™
24th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. XSW's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places XSW in the 24th percentile
among funds in the category.
Sell-Side Consensus
$229.85
PRICE TARGET
+17.4%
UPSIDE