State Street SPDR S&P Software & Services ETF
$203.42+0.11 (+0.05%)
- 0.35%
- $477M
- +4.5%
- 0.00%
- 0M sh
- $204.88
- low $135.19high $211.34
The ETF.net XSW Grade
B
Score 58 out of 100
- 9 of 25
Score 58 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.A77 out of 100Rank 6 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.B60 out of 100Rank 10 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 23 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 15 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A92 out of 100Rank 1 of 24Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 10 of 25
Our read on XSW
BMost tech funds are really a bet on a handful of megacaps. XSW carves out software and services and weights roughly 130 names close to equally, so a small SaaS shop sits near the giants. Running that way since 2011.
The fund seeks to track the total return of the S&P Software & Services Select Industry Index before fees and expenses. Its mandate covers software and services companies across application software, interactive home entertainment, IT consulting and other services, and systems software.
Why people hold it
- Modified equal weighting resets constituents toward the same size each quarter, so results lean on software broadly rather than on three or four dominant names.ssga.comspglobal.com
- A 0.35% expense ratio, below the median for its broad tech peer group, for a strategy that reweights four times a year rather than just riding market cap.spglobal.com
- Roughly 130 holdings across application software, interactive home entertainment, IT consulting and systems software. One stumble is a small slice, not the whole fund.ssga.com
- Live since 2011, one of the longest-running equal-weight takes on US software, and it has tracked its index closely across that history.ssga.com
Worth knowing
- Equal weighting pulls in small and mid-cap software, the jumpiest corner of tech. The ride here tends to be bumpier than a megacap-led sector fund.ssga.com
- Cap-weighted rivals cost far less: XLK and FTEC at 0.08%, VGT at 0.09%. The extra fee buys the equal-weight method, not wider coverage.
- Software companies rarely pay dividends and the fund has not made distributions lately, so price change does essentially all the work. It also trades in moderate volume.
XSW Holdings
- Stocks
- 133
- 10%
- PTC
Sectors
- Technology90.6%
- Financials5.8%
- Communication1.5%
- Health Care0.8%
- Industrials0.7%
- Consumer Discretionary0.7%
Geography
- United States97.48%
- Ireland0.86%
- Australia0.84%
- Netherlands0.82%
XSW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XSW$10,452
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 | XSW |
|---|---|
| Year to date | +8.6% |
| 1 month | +4.1% |
| 3 months | +14.8% |
| 1 year | +4.5% |
| 3 years | +17.5% |
| 5 years | +3.4% |
| 10 years | +14.4% |
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 | XSW |
|---|---|---|
| 2026 YTD | +8.6% | |
| 2025 | −0.9% | |
| 2024 | +25.8% | |
| 2023 | +38.6% | |
| 2022 | −34.2% | |
| 2021 | +7.5% | |
| 2020 | +52.4% |
XSW in the news
XSW Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
XSW Risk
- 26.0%
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.
- 0.50
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.
- −45.4%
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.
- 1.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XSW Cost
0.35%
XSW0.35%
- The middle half of Technology (Broad) funds
- Median 0.45%
4 of the 23 Technology (Broad) funds charge less.
Other funds in Technology (Broad)
- BPSCTInvesco S&P SmallCap Information Technology ETFExpense ratio 0.29%1 year return +55.6%
- BIXNiShares Global Tech ETFExpense ratio 0.37%1 year return +46.3%
- BQTECFirst Trust NASDAQ-100-Technology Sector Index FundExpense ratio 0.55%1 year return +45.1%
- BTDIVFirst Trust NASDAQ Technology Dividend Index FundExpense ratio 0.50%1 year return +19.8%
- BIGViShares Expanded Tech-Software Sector ETFExpense ratio 0.38%1 year return −0.7%