State Street SPDR S&P Software & Services ETF
$201.63+0.77 (+0.38%)
- Expense ratio
- 0.35%
- Fund size
- $508M
- 1Y return
- −2.1%
- Yield · Last 12 months
- 0.00%
- Holdings
- 131
- Volume · 30D
- 0.1M sh
- NAV per share
- $201.47
- 52W range
The ETF.net XSW Grade
Score 58 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.AScore 77Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 61Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 13Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 92Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 63Category rank
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
- 131
- 9%
- NTSK
Sectors
- Technology90.7%
- Financials5.6%
- Communication1.6%
- Health Care0.8%
- Industrials0.7%
- Consumer Discr.0.6%
Geography
- United States97.66%
- Australia0.81%
- Ireland0.78%
- Netherlands0.76%
XSW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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 | XSW |
|---|---|
| Year to date | +7.3% |
| 1 month | −0.5% |
| 3 months | +25.4% |
| 1 year | −2.1% |
| 3 years | +16.8% |
| 5 years | +2.9% |
| 10 years | +14.0% |
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 | +7.3% | |
| 2025 | −0.9% | |
| 2024 | +25.8% | |
| 2023 | +38.6% | |
| 2022 | −34.2% | |
| 2021 | +7.5% | |
| 2020 | +52.4% |
XSW in the news
ETF.net Research hasn’t filed on XSW yet — coverage lands here as it’s written.
XSW Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2025 | Jun 25, 2025 | $0.07 |
| Mar 24, 2025 | Mar 26, 2025 | $0.05 |
| Jun 24, 2024 | Jun 26, 2024 | $0.14 |
| Dec 18, 2023 | Dec 21, 2023 | $0.04 |
| Sep 18, 2023 | Data unavailable | $0.10 |
| Jun 20, 2023 | Jun 23, 2023 | $0.10 |
| Mar 20, 2023 | Mar 23, 2023 | $0.07 |
| Dec 19, 2022 | Dec 22, 2022 | $0.07 |
| Sep 19, 2022 | Sep 22, 2022 | $0.02 |
| Jun 21, 2022 | Jun 24, 2022 | $0.0031 |
| Mar 21, 2022 | Mar 24, 2022 | $0.0036 |
| Dec 20, 2021 | Dec 23, 2021 | $0.06 |
XSW Risk
- 25.8%
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.
- 0.53
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
- The middle half of Technology (Broad) funds
- Median 0.45%
4 of the 23 Technology (Broad) funds charge less.