XLK — State Street Technology Select Sector SPDR ETF

XLK Price Performance — Growth of $10,000

Value of a $10,000 investment in XLK over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLK Drawdown

The "underwater" chart: XLK's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Technology Select Sector SPDR ETF (XLK) is a technology sector fund managed by State Street Investment Management. With $124 billion in assets under management and a trading price of $171.09, the fund demonstrates significant investor adoption within its category. It holds an overall rank of #42 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B+ with a score of 75.4. The fund operates with a low expense ratio of 0.08% and offers a dividend yield of 0.63%. XLK is one of 17 ETFs tracked by ETFValuer in the Technology category. Its substantial asset base and high ranking suggest it is a widely utilized vehicle for exposure to the technology sector.

Recent performance data shows a sharp decline over the shortest horizons, with returns of -1.84% over one day, -5.36% over one week, and -5.53% over one month. This short-term weakness contrasts with a positive trend over longer periods, as the fund posted a 6.68% gain over three months and a 17.41% increase over six months. Year-to-date returns stand at +18.85%, while the one-year return has reached +31.29%. The long-term trajectory is particularly strong, with a three-year return of +100.33%. This pattern indicates a recovery and acceleration in performance following the recent short-term pullback.

The fund carries a High volatility label and a beta of 1.43, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 1.06 suggests the fund has generated a favorable risk-adjusted return relative to its volatility. However, the maximum drawdown of -25.66% highlights the potential for significant temporary losses during market downturns. This combination of high beta and high volatility implies the fund amplifies market moves in both directions. The Sharpe ratio indicates that despite these risks, the returns have historically compensated investors adequately for the level of risk taken.

AI-generated summary based on the data on this page.

XLK Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 61.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLK

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLK's top 10 — VGT overlaps most, holding 10 of the same companies as XLK's top 10 (61.4% of XLK's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLK Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 12.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $124B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLK is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLK Performance History

How XLK Compares to Other Technology ETFs