State Street US Sector Rotation ETF
$66.75−0.52 (−0.77%)
- Expense ratio
- 0.70%
- Fund size
- $1.1B
- 1Y return
- +13.0%
- Yield · Last 12 months
- 0.44%
- Holdings
- 24
- Volume · 30D
- 0.1M sh
- NAV per share
- $67.25
- 52W range
The ETF.net XLSR Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 48Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 73Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 88Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 34Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 87Category rank
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
- 24
- 85%
- XLK
Sectors
- Technology39.3%
- Health Care16.4%
- Communication15.4%
- Industrials14.5%
- Consumer Discr.5.1%
- Financials4.7%
- Energy3.3%
- Cons. Staples1.1%
- Materials0.1%
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.
XLSR$11,296
Returns run to the Sep 22, 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 | +8.1% |
| 1 month | +1.8% |
| 3 months | +3.6% |
| 1 year | +13.0% |
| 3 years | +18.1% |
| 5 years | +10.0% |
| 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 | +8.1% | |
| 2025 | +17.3% | |
| 2024 | +17.6% | |
| 2023 | +19.0% | |
| 2022 | −15.7% | |
| 2021 | +20.5% | |
| 2020 | +20.2% |
XLSR in the news
XLSR Dividends
- 0.44%
- $0.30
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 29, 2026 | $0.05 |
| Mar 26, 2026 | Mar 30, 2026 | $0.07 |
| Dec 29, 2025 | Dec 31, 2025 | $0.08 |
| Sep 24, 2025 | Sep 29, 2025 | $0.09 |
| Jun 25, 2025 | Jun 30, 2025 | $0.10 |
| Mar 26, 2025 | Mar 31, 2025 | $0.09 |
| Dec 26, 2024 | Dec 30, 2024 | $0.07 |
| Sep 24, 2024 | Sep 26, 2024 | $0.10 |
| Jun 25, 2024 | Jun 27, 2024 | $0.10 |
| Mar 19, 2024 | Mar 22, 2024 | $0.09 |
| Sep 19, 2023 | Sep 22, 2023 | $0.24 |
| Jun 20, 2023 | Jun 23, 2023 | $0.12 |
XLSR Risk
- 13.2%
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.
- 0.82
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 124 US Active Equity funds charge less.