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Launched · SEC filings

State Street SPDR S&P Software & Services ETF

XSWNYSE ArcaSPDRB

$207.72−1.88 (−0.90%)

At close: Nov 2, 2026, 4:00 PM ET

B60/ 100

Rank 9 of 25 in Technology (Broad)

B60/100Rank 9 of 25inTechnology (Broad)
Intraday session: down, 79 prints from 209.60 to 207.72. Range 207.34 to 212.12. Use the arrow keys to read each point.209.00211.00212.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$536M
1Y total return
+5.6%
Yield · Last 12 months
0.00%
Holdings
131
Avg volume · 30D
54.7K sh
52W range
low $135.19high $217.49
Launched
Filings
SEC EDGAR

The ETF.net XSW Grade

B

Score 60 out of 100

Category
Technology (Broad)⁠
Rank
9 of 25
Six-pillar profile for XSW. Scores out of 100: Cost 77, Risk 21, Mission 60, Tradability 45, Holdings 91, Durability 66. Strongest: Holdings (91). Weakest: Risk (21). Leans toward Holdings.

Score 60 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 100
    Rank 6 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B60 out of 100
    Rank 10 of 12

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 22 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 14 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A91 out of 100
    Rank 1 of 24

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 10 of 25

Our read on XSW

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 28, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XSW$10,558
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XSW $10,558. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for XSW. Periods over one year show the average yearly return.
PeriodXSW
Year to date+12.0%
1 month+7.7%
3 months+14.7%
1 year+5.6%
3 yearsper year+20.6%
5 yearsper year+3.0%
10 yearsper year+14.9%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XSW
YearReturn barXSW
2026 YTD+12.0%
2025−0.9%
2024+25.8%
2023+38.6%
2022−34.2%

XSW in the news

XSW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 33 payments from 2016 to 2025. Mar 18, 2016 $0.08; Jun 17, 2016 $0.03; Sep 16, 2016 $0.15; Dec 16, 2016 $0.21; Mar 17, 2017 $0.03; Jun 16, 2017 $0.04; Sep 15, 2017 $0.03; Dec 15, 2017 $0.22; Mar 19, 2018 $0.02; Jun 18, 2018 $0.04; Sep 24, 2018 $0.04; Dec 24, 2018 $0.13; Mar 18, 2019 $0.03; Jun 24, 2019 $0.03; Sep 23, 2019 $0.02; Dec 23, 2019 $0.04; Mar 23, 2020 $0.32; Jun 22, 2020 $0.02; Sep 21, 2020 $0.001; Dec 21, 2020 $0.05; Sep 20, 2021 $0.15; Dec 20, 2021 $0.06; Mar 21, 2022 $0.0036; Jun 21, 2022 $0.0031; Sep 19, 2022 $0.02; Dec 19, 2022 $0.07; Mar 20, 2023 $0.07; Jun 20, 2023 $0.10; Sep 18, 2023 $0.10; Dec 18, 2023 $0.04; Jun 24, 2024 $0.14; Mar 24, 2025 $0.05; Jun 23, 2025 $0.07. Use the arrow keys to read each point.2016201720182019202020212022202320242025
Ex-datePay dateAmount per share
Jun 23, 2025Jun 25, 2025$0.07
Mar 24, 2025Mar 26, 2025$0.05
Jun 24, 2024Jun 26, 2024$0.14
Dec 18, 2023Dec 21, 2023$0.04
Sep 18, 2023No data$0.10
Jun 20, 2023Jun 23, 2023$0.10
Mar 20, 2023Mar 23, 2023$0.07
Dec 19, 2022Dec 22, 2022$0.07
Sep 19, 2022Sep 22, 2022$0.02
Jun 21, 2022Jun 24, 2022$0.0031
Mar 21, 2022Mar 24, 2022$0.0036
Dec 20, 2021Dec 23, 2021$0.06

— Pay date not on file.

See all 51 payments⁠

$10,000 in XSW 10 years ago paid $409 in dividends.⁠

XSW Risk

Risk pillarF21 out of 100Rank 22 of 25 in Technology (Broad)
How much the fund’s monthly returns vary, scaled to a year.
25.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.68
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−45.4%
Trough Nov 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.37
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XSW Cost

Compare XSW and XLK

Overpaying vs XLK, cheapest in Technology (Broad)

$5,437

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XSW 0.35%

    $7,126

  • XLK 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • XSW 0.35%
  • XLK 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XSW $7,126XLK $1,689

Year by year

YearXSWXLKOverpaying
10$634$147$487
20$2,454$575$1,879
30$7,126$1,689$5,437

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