XSD — State Street SPDR S&P Semiconductor ETF
Technology Ranked #134 of 458 tracked ETFs · Issued by State Street Investment Management
XSD Price Performance — Growth of $10,000
Value of a $10,000 investment in XSD 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.
XSD Drawdown
The "underwater" chart: XSD'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.
What If You'd Invested in XSD?
See what a lump sum in XSD would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The State Street SPDR S&P Semiconductor ETF (XSD) operates within the Technology category, which ETFValuer currently tracks with 17 funds. Issued by State Street Investment Management, the fund has accumulated assets under management of $3.48 billion while trading at a price of $449.41. It holds an overall rank of #134 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 67.8 out of 100. The fund carries an expense ratio of 0.35% and offers a dividend yield of 0.09%. The substantial asset size and mid-tier ranking suggest a level of investor adoption consistent with a specialized sector vehicle rather than a broad market index. These metrics collectively define the fund's cost structure and income profile relative to its issuer and category peers.
Recent price action shows significant short-term weakness with a one-day return of -4.68% and a one-week decline of -15.17%. This negative momentum extended into the one-month period, which recorded a return of -24.17%, before the trend reversed over the subsequent three months with a gain of +1.25%. The fund demonstrated strong acceleration in the six-month window, posting a return of +27.17%, which contributed to a year-to-date performance of +34.13%. Long-term results remain robust, with a one-year return of +66.63% and a three-year return of +106.97%. This pattern indicates a sharp recovery from recent short-term losses to achieve substantial gains over the longer investment horizons.
The fund is assigned a Very High volatility label and exhibits a beta of 2.68, indicating that its price movements are significantly more sensitive to market fluctuations than the broader market. Despite this elevated volatility, the fund has generated a Sharpe ratio of 1.38, suggesting that the returns achieved have been efficient relative to the risk taken. However, the fund has experienced a maximum drawdown of -41.25%, reflecting the potential for severe declines during market stress periods. This combination of high beta and deep drawdowns implies that the ETF is prone to large swings in both directions. The high Sharpe ratio indicates that, over the measured period, the fund has compensated investors well for these substantial risks.
AI-generated summary based on the data on this page.
XSD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | State Street Global Advisors | 4.61% | $74M |
| 2 | Marvell Technology Inc | 3.06% | $49M |
| 3 | Power Integrations Inc | 3.05% | $49M |
| 4 | Cirrus Logic Inc | 2.98% | $48M |
| 5 | ON Semiconductor Corp | 2.91% | $47M |
| 6 | Impinj Inc | 2.89% | $47M |
| 7 | Silicon Laboratories Inc | 2.88% | $47M |
| 8 | Lattice Semiconductor Corp | 2.84% | $46M |
| 9 | Monolithic Power Systems Inc | 2.84% | $46M |
| 10 | Analog Devices Inc | 2.78% | $45M |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.9% 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 XSD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With XSD
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XSD's top 10 — RSP overlaps most, holding 2 of the same companies as XSD's top 10 (5.8% of XSD's assets).
| ETF | Name | Shared Companies | XSD Weight | Examples |
|---|---|---|---|---|
| RSP | Invesco S&P 500 Equal Weight ETF | 2 | 5.8% | ON Semiconductor Corp, Monolithic Power Systems Inc |
| QCLN | First Trust NASDAQ Clean Edge Green Energy Index Fund | 2 | 5.8% | Monolithic Power Systems Inc, ON Semiconductor Corp |
| SPDW | State Street SPDR Portfolio Developed World ex-US ETF | 1 | 4.6% | State Street Global Advisors |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 1 | 4.6% | State Street Global Advisors |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | 1 | 4.6% | State Street Global Advisors |
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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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.
What XSD's Fees Cost You
XSD charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
XSD Dividend Income Estimator
XSD currently yields 0.09%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
XSD Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 4.24% and average daily volume is 140K/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 $3.48B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: XSD 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.
XSD Performance History
| Period | Return |
|---|---|
| 1-Day | -4.68% |
| 1-Week | -15.17% |
| 1-Month | -24.17% |
| 3-Month | +1.25% |
| 6-Month | +27.17% |
| YTD | +34.13% |
| 1-Year | +66.63% |
| 3-Year | +106.97% |
How XSD Compares to Other Technology ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #37 | B+ |
SMH | VanEck Semiconductor ETF | +73.57% | 0.35% | $77.2B |
| #42 | B+ |
SOXX | iShares Semiconductor ETF | +90.10% | 0.34% | $47.8B |
| #70 | B |
XLK | State Street Technology Select Sector SPDR ETF | +26.81% | 0.08% | $124B |
| #75 | B |
SOXQ | Invesco PHLX Semiconductor ETF | +82.97% | 0.19% | $2.77B |
| #100 | B |
VGT | Vanguard Information Technology Index Fund ETF Shares | +25.25% | 0.09% | $169B |
| #125 | B |
PSI | Invesco Semiconductors ETF | +96.11% | 0.56% | $3.10B |
| #128 | B |
FTEC | Fidelity MSCI Information Technology Index ETF | +25.56% | 0.084% | $21.0B |
| #134 | B |
XSD | State Street SPDR S&P Semiconductor ETF | +66.63% | 0.35% | $3.48B |
| #140 | B |
IYW | iShares U.S. Technology ETF | +25.56% | 0.38% | $25.4B |
| #154 | B |
IGM | iShares Expanded Tech Sector ETF | +26.24% | 0.39% | $10.7B |
| #266 | C |
CIBR | First Trust NASDAQ Cybersecurity ETF | +20.13% | 0.58% | $13.8B |
| #313 | C |
HACK | Amplify Cybersecurity ETF | +20.31% | 0.6% | $2.59B |
| #399 | D |
SKYY | First Trust Cloud Computing ETF | +10.33% | 0.6% | $2.72B |
| #413 | D |
FDN | First Trust Dow Jones Internet Index Fund | -1.83% | 0.49% | $4.98B |
| #423 | D |
BUG | Global X Cybersecurity ETF | +4.20% | 0.5% | $1.20B |
| #433 | D |
IGV | iShares Expanded Tech-Software Sector ETF | -18.15% | 0.39% | $13.5B |
| #443 | F |
XSW | State Street SPDR S&P Software & Services ETF | -5.64% | 0.35% | $402M |