State Street US Sector Rotation ETF
$67.53−0.11 (−0.16%)
- 0.70%
- $1.1B
- +15.6%
- 0.40%
- 0.1M sh
- $67.67
- low $55.70high $67.86
The ETF.net XLSR Grade
B
Score 55 out of 100
- 51 of 127
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C49 out of 100Rank 63 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.A73 out of 100Rank 28 of 48Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 88 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 4 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 108 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A88 out of 100Rank 8 of 127
Our read on XLSR
BSector timing, outsourced. State Street's Investment Solutions Group tilts toward and away from the S&P 500's GICS sectors using quant signals plus human judgment, typically rebalancing monthly, all inside one US large-cap ticker.
The fund seeks capital appreciation through active sector rotation. It uses quantitative and qualitative analysis to adjust sector exposures and typically rebalances monthly.
Why people hold it
- State Street's Investment Solutions Group sets the sector over- and underweights using quantitative signals plus judgment, typically rebalancing monthly. The rotation call, in one ticker.ssga.comssga.com
- It dials active risk up and down against the S&P 500 rather than swinging all-in on one sector, so it still behaves like a US large-cap core position.ssga.com
- Running since 2019, a multi-billion-dollar fund that trades with reasonable ease and sits in the upper half of a very crowded active US equity field.
Worth knowing
- 0.70% a year is above the typical active US equity fund and multiples of systematic peers like DFAU (0.12%) and FELC (0.18%). Active judgment carries a price tag.
- A couple dozen positions means a handful of sector calls drive the outcome, and results can drift well away from the S&P 500 in either direction.
- The stated goal is capital appreciation, not income. Distributions arrive quarterly and are a byproduct of whatever the underlying sectors happen to pay.
XLSR Holdings
- Stocks
- 23
- 91%
- XLK
Sectors
- Technology40.1%
- Communication18.6%
- Health Care15.1%
- Industrials9.3%
- Energy6.3%
- Financials5.8%
- Consumer Discretionary4.9%
- Materials0.0%
Geography
- United States100.00%
XLSR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
XLSR$11,561
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XLSR |
|---|---|
| Year to date | +8.9% |
| 1 month | +2.8% |
| 3 months | +3.7% |
| 1 year | +15.6% |
| 3 years | +18.0% |
| 5 years | +10.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XLSR |
|---|---|---|
| 2026 YTD | +8.9% | |
| 2025 | +17.3% | |
| 2024 | +17.6% | |
| 2023 | +19.0% | |
| 2022 | −15.7% | |
| 2021 | +20.5% | |
| 2020 | +20.2% |
XLSR in the news
XLSR Dividends
- 0.40%
- $0.27
- $0.06 per share
- Quarterly
Distribution history
XLSR Risk
- 12.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XLSR Cost
0.70%
XLSR0.70%
- The middle half of US Active Equity funds
- Median 0.70%
61 of the 123 US Active Equity funds charge less.
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