State Street Financial Select Sector SPDR ETF (XLF)

Market Price (8/28/2026): $58.38

State Street Financial Select Sector SPDR ETF (XLF)

Market Price (8/28/2026): $58.38

Key Takeaways

XLF has returned +6.2% YTD vs +13.4% for SPY; +8.9% over the past 12 months (SPY +20.3%). details →
Priced in gold, XLF has returned -27.3% over the past 3 years, vs +76.9% in dollars — its dollar gains have lagged gold. details →
Over the past month, XLF has seen net outflows of −$4.26B (−7.3% of assets). details →
XLF is trading within 0.7% of its all-time high. details →
XLF's portfolio trades at 15.1x forward earnings — a 80% premium to SPY (8.4x). details →

Last updated: 8/27/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XLF

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.3%

Volatility

12.5%

Sharpe

0.70

YTD

+5.9%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	XLF	25.0%	-0.7%	1.6%	2.1%	6.2%
Bond	BND	50.0%	-0.1%	0.3%	0.6%	0.2%
Gold	GLD	10.0%	0.3%	1.8%	13.9%	6.6%
Commodity	DBC	2.5%	1.2%	-0.8%	4.9%	38.0%
Real Estate	VNQ	5.0%	-1.0%	-1.0%	-3.0%	12.5%
Bitcoin	BTCUSD	0.0%	-0.4%	7.8%	23.2%	-10.1%
Cash	GOVT	7.5%	-0.1%	0.2%	0.2%	-0.4%
Conservative Portfolio		100.0%	-0.2%	0.7%	2.2%	3.9%

	ETF	%	1D	1W	1M	YTD
Equity	XLF	55.0%	-0.7%	1.6%	2.1%	6.2%
Bond	BND	25.0%	-0.1%	0.3%	0.6%	0.2%
Gold	GLD	7.0%	0.3%	1.8%	13.9%	6.6%
Commodity	DBC	4.0%	1.2%	-0.8%	4.9%	38.0%
Real Estate	VNQ	5.0%	-1.0%	-1.0%	-3.0%	12.5%
Bitcoin	BTCUSD	2.0%	-0.4%	7.8%	23.2%	-10.1%
Cash	GOVT	2.0%	-0.1%	0.2%	0.2%	-0.4%
Moderate Portfolio		100.0%	-0.4%	1.2%	2.8%	5.9%

	ETF	%	1D	1W	1M	YTD
Equity	XLF	80.0%	-0.7%	1.6%	2.1%	6.2%
Bond	BND	5.0%	-0.1%	0.3%	0.6%	0.2%
Gold	GLD	3.0%	0.3%	1.8%	13.9%	6.6%
Commodity	DBC	2.2%	1.2%	-0.8%	4.9%	38.0%
Real Estate	VNQ	4.5%	-1.0%	-1.0%	-3.0%	12.5%
Bitcoin	BTCUSD	5.2%	-0.4%	7.8%	23.2%	-10.1%
Cash	GOVT	0.0%	-0.1%	0.2%	0.2%	-0.4%
Aggressive Portfolio		100.0%	-0.6%	1.7%	3.3%	6.1%

	ETF	%	Return	Volatility	Sharpe
Equity	XLF	25.0%	13.5%	19.3%	0.62
Bond	BND	50.0%	1.4%	5.2%	-0.24
Gold	GLD	10.0%	12.6%	15.6%	0.64
Commodity	DBC	2.5%	7.5%	17.4%	0.32
Real Estate	VNQ	5.0%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	0.0%	63.6%	76.3%	0.96
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	6.2%	7.4%	0.47

	ETF	%	Return	Volatility	Sharpe
Equity	XLF	55.0%	13.5%	19.3%	0.62
Bond	BND	25.0%	1.4%	5.2%	-0.24
Gold	GLD	7.0%	12.6%	15.6%	0.64
Commodity	DBC	4.0%	7.5%	17.4%	0.32
Real Estate	VNQ	5.0%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	2.0%	63.6%	76.3%	0.96
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	11.3%	12.5%	0.70

	ETF	%	Return	Volatility	Sharpe
Equity	XLF	80.0%	13.5%	19.3%	0.62
Bond	BND	5.0%	1.4%	5.2%	-0.24
Gold	GLD	3.0%	12.6%	15.6%	0.64
Commodity	DBC	2.2%	7.5%	17.4%	0.32
Real Estate	VNQ	4.5%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	5.2%	63.6%	76.3%	0.96
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	16.2%	17.8%	0.78

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLF	25.0%	-23.4%	-40.2%	-22.2%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-15.6%	-14.1%	-5.3%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLF	55.0%	-23.4%	-40.2%	-22.2%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-19.0%	-26.7%	-13.5%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLF	80.0%	-23.4%	-40.2%	-22.2%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.5%	-36.6%	-20.4%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

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[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	8/31/27	8/28/26	2025	2024	2023	2022	2021
Share Price CYE		$57.88	$54.49	$47.42	$36.32	$32.42	$36.26
Dividend/Share TTM		$0.62	$0.72	$0.69	$0.64	$0.70	$0.64
Valuation [1]
P/S	3.56	3.70	3.81	3.59	2.95	3.14	3.56
P/E		16.25	18.07	16.36	14.69	15.79	13.42
P/E (Non-GAAP) [2]	15.25	16.95	18.28	18.42	14.98	13.65	19.24
P/FCF		18.91	25.21	30.10	14.02	11.68	16.70
Yields TTM
Earnings Yield	6.56%	6.15%	5.53%	6.11%	6.81%	6.33%	7.45%
Dividend Yield	1.07%	1.07%	1.32%	1.45%	1.77%	2.15%	1.76%
Total Yield (TY)	7.63%	7.23%	6.85%	7.56%	8.57%	8.48%	9.21%
Risk Premium [3]
Risk Free Rate (Rf)	4.66%	4.66%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	2.97%	2.57%	2.67%	2.98%	4.69%	4.60%	7.69%
Growth Rates [6]
Sales Growth	5.0%	6.1%	6.1%	6.1%	19.5%	-6.2%
Earnings Growth [7]	7.4%	15.2%	4.6%	17.6%	57.6%	-48.1%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

XLF's earnings yield is 6.15%, based on its 16.3x trailing P/E. With a 1.07% dividend yield, XLF is yielding 7.23% in total.

RISK

Compared to US Treasuries at 4.66%, XLF's total yield implies a reasonable 2.57% risk premium. Risk premiums at this level suggest valuations are not excessive.

FORWARD EXPECTATIONS

Based on analyst estimates, XLF's forward total yield is 7.63%, implying a 2.97% risk premium assuming stable Treasury rates.

Top 20 Holdings for XLF

Total Weights
Top 5: 41.4% | Top 10: 56.4% | Top 20: 72.1%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.82%	100.00%	100.00%	3.4	15.1	+5.0%	+7.4%
Top 20		72.08%	61.20%	71.19%	3.9	16.0	+4.7%	+7.0%
JPM	JPMorgan Chase	11.62%	8.18%	12.68%	4.5	13.7	+2.6%	-0.8%
BRK-B	Berkshire Hathaway	11.26%	15.66%	14.22%	2.7	22.7	+1.6%	+0.0%
V	Visa	7.75%	1.66%	3.92%	14.2	24.6	+10.9%	+16.6%
MA	Mastercard	5.87%	1.36%	2.92%	12.9	26.5	+12.6%	+18.3%
BAC	Bank of America	4.94%	4.71%	6.07%	3.4	11.4	+5.2%	+10.7%
GS	Goldman Sachs	3.73%	2.72%	4.00%	4.3	14.4	+2.6%	+1.1%
WFC	Wells Fargo	3.17%	3.67%	4.43%	2.8	10.5	+4.4%	+10.2%
MS	Morgan Stanley	3.12%	2.35%	3.01%	3.9	16.2	+5.5%	+2.7%
C	Citigroup	2.77%	3.86%	3.50%	2.3	9.9	+3.7%	+16.7%
AXP	American Express	2.18%	2.51%	1.76%	2.7	16.9	+9.1%	+13.9%
SCHW	Charles Schwab	2.18%	1.04%	1.87%	6.1	15.1	+12.5%	+15.3%
BLK	BlackRock	2.06%	1.07%	1.20%	5.8	18.1	+11.8%	+12.9%
COF	Capital One Financial	1.64%	2.61%	2.06%	2.0	11.0	+6.1%	+16.0%
SPGI	S&P Global	1.61%	0.69%	0.98%	8.4	20.9	+5.3%	+13.0%
PGR	Progressive	1.58%	3.91%	2.33%	1.4	12.9	+5.3%	-10.4%
CB	Chubb	1.51%	2.47%	2.06%	2.2	12.1	+4.4%	+1.4%
BNY	Bank of New York Mellon	1.36%	0.89%	1.23%	4.9	16.0	+4.5%	+11.0%
BX	Blackstone	1.29%	0.53%	0.63%	6.7	21.3	+24.9%	+23.8%
CME	CME	1.24%	0.28%	0.84%	13.9	22.3	+5.1%	+4.3%
PNC	PNC Financial Services	1.20%	1.03%	1.48%	3.6	12.2	+5.0%	+12.4%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 8/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 8/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for XLF Top Holdings

Ticker	Holding	Weight	Mkt Price 8/27	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XLF	State Street Financial Select Sector SPDR ETF	100.00%	57.88	-0.7%	0.5%	6.2%	8.9%	76.9%	61.3%	251.5%
JPM	JPMorgan Chase	11.62%	354.22	-0.6%	-0.9%	11.5%	20.6%	156.4%	146.2%	588.1%
BRK-B	Berkshire Hathaway	11.26%	503.70	-0.2%	-1.7%	0.2%	1.6%	41.7%	75.8%	237.4%
V	Visa	7.75%	379.66	-1.1%	3.8%	8.9%	9.2%	59.3%	69.5%	403.8%
MA	Mastercard	5.87%	591.73	-1.1%	5.1%	4.2%	0.8%	47.8%	71.3%	548.5%
BAC	Bank of America	4.94%	61.17	-1.7%	-2.3%	12.4%	24.1%	129.3%	62.7%	382.6%
GS	Goldman Sachs	3.73%	1,040.87	0.0%	0.7%	19.6%	41.6%	242.6%	179.9%	666.3%
WFC	Wells Fargo	3.17%	84.97	-0.3%	-1.6%	-7.3%	5.2%	118.2%	92.7%	125.8%
MS	Morgan Stanley	3.12%	214.86	0.4%	2.1%	23.0%	47.1%	179.1%	138.9%	806.3%
C	Citigroup	2.77%	132.68	-0.7%	0.7%	15.4%	39.9%	252.0%	115.6%	279.3%
AXP	American Express	2.18%	334.16	-0.6%	-0.7%	-8.9%	4.7%	117.4%	110.6%	485.2%
SCHW	Charles Schwab	2.18%	108.05	-1.2%	2.3%	9.2%	13.0%	90.7%	52.8%	296.7%
BLK	BlackRock	2.06%	1,167.57	-0.5%	6.4%	10.3%	5.3%	84.2%	37.9%	299.9%
COF	Capital One Financial	1.64%	216.67	-0.2%	2.4%	-9.6%	-2.0%	123.4%	35.3%	272.4%
SPGI	S&P Global	1.61%	435.39	-0.3%	2.8%	-11.7%	-15.9%	20.2%	9.1%	309.5%
PGR	Progressive	1.58%	217.65	-2.2%	-0.9%	1.7%	-5.3%	81.0%	149.5%	782.7%
CB	Chubb	1.51%	338.31	-1.6%	-6.9%	9.1%	25.5%	75.4%	95.5%	219.1%
BNY	Bank of New York Mellon	1.36%	162.24	-0.5%	3.7%	41.5%	57.2%	294.4%	229.4%	407.4%
BX	Blackstone	1.29%	143.64	0.3%	8.4%	-3.9%	-12.9%	56.6%	37.7%	711.2%
CME	CME	1.24%	280.94	-0.0%	8.1%	5.9%	8.0%	57.1%	73.4%	284.8%
PNC	PNC Financial Services	1.20%	243.51	-0.5%	-3.2%	19.4%	22.1%	129.8%	50.4%	284.2%

Guidance Updates for XLF Top Holdings

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XLF Return	35%	-11%	12%	31%	15%	7%	117%
Peers Return	33%	-0%	26%	15%	18%	24%	182%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	104%
Monthly Win Rates [3]
XLF Win Rate	58%	42%	50%	67%	67%	50%
Peers Win Rate	73%	42%	62%	62%	63%	52%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
XLF Max Drawdown	-8%	-26%	-16%	-7%	-16%	-15%
Peers Max Drawdown	-11%	-26%	-13%	-14%	-21%	-14%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGT, XLK, XLV, XLE, XLI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/27/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
XLF	0.39	0.90	0.47
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

Event	XLF	S&P 500
2025 US Tariff Shock
% Loss	-15.5%	-18.8%
% Gain to Breakeven	18.4%	23.1%
Time to Breakeven	80 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-10.7%	-9.5%
% Gain to Breakeven	12.0%	10.5%
Time to Breakeven	26 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-16.1%	-6.7%
% Gain to Breakeven	19.1%	7.1%
Time to Breakeven	270 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-22.3%	-24.5%
% Gain to Breakeven	28.6%	32.4%
Time to Breakeven	467 days	427 days
2020 COVID-19 Crash
% Loss	-42.8%	-33.7%
% Gain to Breakeven	74.8%	50.9%
Time to Breakeven	289 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-19.7%	-19.2%
% Gain to Breakeven	24.5%	23.8%
Time to Breakeven	123 days	105 days

Compare to VGT, XLK, XLV, XLE, XLI

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	XLF	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-22.3%	-24.5%
% Gain to Breakeven	28.6%	32.4%
Time to Breakeven	467 days	427 days
2020 COVID-19 Crash
% Loss	-42.8%	-33.7%
% Gain to Breakeven	74.8%	50.9%
Time to Breakeven	289 days	140 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-21.4%	-12.2%
% Gain to Breakeven	27.3%	13.9%
Time to Breakeven	272 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-26.1%	-17.9%
% Gain to Breakeven	35.3%	21.8%
Time to Breakeven	162 days	123 days
2008-2009 Global Financial Crisis
% Loss	-78.3%	-53.4%
% Gain to Breakeven	359.8%	114.4%
Time to Breakeven	2329 days	1085 days

Compare to VGT, XLK, XLV, XLE, XLI

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

XLF Dip Buy History

XLF had 22 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

21% median peak return within 1 year of dip event
262 days is the median time to peak return after a dip event
-7.2% median max drawdown within 1 year of dip event

60 Day Dip			XLF Subsequent Performance
Date	XLF	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			17%	21%	-7%	262
3062026	-5%	-1%			-5%	172
4042025	-8%	-14%	17%	29%	-1%	277
10122023	-5%	-4%	44%	44%	-5%	368
3102023	-5%	-3%	26%	26%	-6%	368
3072022	-8%	-10%	-0%	11%	-14%	18
1212022	-5%	-4%	-4%	7%	-20%	19
9012020	-5%	10%	55%	58%	-7%	360
2272020	-9%	-5%	21%	26%	-35%	363
10112018	-5%	-3%	7%	10%	-15%	288
4112018	-6%	-5%	-1%	6%	-17%	162
5172017	-6%	0%	24%	32%	0%	254
6272016	-5%	-3%	41%	46%	0%	247
1132016	-7%	-7%	35%	37%	-9%	357
8242015	-8%	-10%	8%	10%	-12%	99
5182012	-6%	-5%	47%	48%	-3%	368
5112011	-6%	1%	-5%	2%	-29%	320
6012010	-5%	-5%	11%	21%	-6%	262
2052010	-6%	-2%	20%	23%	-3%	68
12102009	-6%	4%	11%	20%	-5%	125
11012007	-7%	1%	-50%	0%	-57%	0
7242007	-7%	2%	-33%	5%	-49%	73
3212005	-5%	-2%	17%	18%	-4%	364

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 8/27/2026

XLF had 14 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

20% median peak return within 1 year of dip event
278 days is the median time to peak return after a dip event
-13% median max drawdown within 1 year of dip event

90 Day Dip			XLF Subsequent Performance
Date	XLF	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			3%	20%	-13%	278
4042025	-11%	-14%	17%	29%	-1%	277
5242023	-11%	4%	33%	36%	-0%	359
3232023	-12%	0%	35%	38%	-0%	364
10062022	-10%	-9%	7%	18%	-4%	124
5052022	-10%	-13%	-5%	8%	-13%	278
3072022	-11%	-8%	-0%	11%	-14%	18
3062020	-10%	-1%	37%	37%	-30%	367
12102018	-11%	-6%	25%	25%	-9%	361
2112016	-13%	-6%	52%	52%	0%	365
6102011	-11%	-2%	-5%	10%	-23%	290
8112010	-12%	-8%	-13%	22%	-13%	191
6022008	-12%	4%	-48%	1%	-74%	3
10192007	-12%	-1%	-49%	4%	-56%	10
8282007	-10%	-3%	-36%	9%	-46%	38

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 8/27/2026

XLF had 6 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

27% median peak return within 1 year of dip event
213 days is the median time to peak return after a dip event
-4.7% median max drawdown within 1 year of dip event

180 Day Dip			XLF Subsequent Performance
Date	XLF	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			20%	27%	-5%	213
9222022	-21%	-21%	9%	18%	-4%	138
7132022	-22%	-15%	12%	19%	-3%	209
9212020	-21%	3%	55%	65%	-3%	340
3122020	-24%	-14%	75%	75%	-13%	365
8222011	-20%	-7%	29%	35%	-5%	217
1022008	-21%	-0%	-54%	5%	-66%	30

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 8/27/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
EEM	iShares MSCI Emerging Markets ETF	-5.1%	67.61	8272026	71.21	6222026	66
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-7.3%	34.56	8272026	37.30	6222026	66
EWY	iShares MSCI South Korea ETF	-16.9%	182.14	8272026	219.20	6212026	67
EWZ	iShares MSCI Brazil ETF	-14.3%	35.76	8272026	41.73	4142026	135
FXI	iShares China Large-Cap ETF	-7.9%	35.24	8272026	38.26	5132026	106
ILF	iShares Latin America 40 ETF	-8.3%	34.95	8272026	38.10	4142026	135
KWEB	KraneShares CSI China Internet ETF	-17.0%	26.10	8272026	31.46	2262026	182
MTUM	iShares MSCI USA Momentum Factor ETF	-11.9%	304.23	8272026	345.22	6222026	66
SPMO	Invesco S&P 500 Momentum ETF	-8.1%	148.60	8272026	161.66	6222026	66
URA	Global X Uranium ETF	-17.0%	48.37	8272026	58.26	5062026	113
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.2%	36.14	8272026	41.63	5132026	106
ROBO	ROBO Global Robotics & Automation Index ETF	-9.0%	82.19	8272026	90.34	6022026	86
LIT	Global X Lithium & Battery Tech ETF	-15.8%	77.13	8272026	91.62	5112026	108
ICLN	iShares Global Clean Energy ETF	-24.9%	17.83	8272026	23.75	6022026	86
ARKQ	ARK Autonomous Technology & Robotics ETF	-13.7%	124.16	8272026	143.82	5282026	91
ARKX	ARK Space & Defense Innovation ETF	-13.0%	32.82	8272026	37.74	5282026	91
NASA	Tema Space Innovators ETF	-42.5%	24.08	8272026	41.89	5272026	92
AGIX	KraneShares Artificial Intelligence ETF	-7.0%	45.94	8272026	49.40	6012026	87
XLC	State Street Communication Services Select Sector SPDR ETF	-6.5%	111.41	8272026	119.10	4192026	130
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.1%	115.88	8272026	122.06	5282026	91
XLU	State Street Utilities Select Sector SPDR ETF	-8.9%	43.18	8272026	47.40	3012026	179
SMH	VanEck Semiconductor ETF	-14.3%	573.00	8272026	668.91	6222026	66
SOXX	iShares Semiconductor ETF	-19.8%	525.43	8272026	655.01	6222026	66
ITA	iShares U.S. Aerospace & Defense ETF	-7.5%	234.26	8272026	253.22	8162026	11
MISL	First Trust Indxx Aerospace & Defense ETF	-11.3%	44.94	8272026	50.66	3022026	178
RING	iShares MSCI Global Gold Miners ETF	-8.5%	91.00	8272026	99.42	3012026	179
SOXQ	Invesco PHLX Semiconductor ETF	-18.7%	93.56	8272026	115.11	6222026	66
TLT	iShares 20+ Year Treasury Bond ETF	-6.7%	83.13	8272026	89.15	3012026	179
VGLT	Vanguard Long-Term Treasury ETF	-5.6%	53.35	8272026	56.53	3012026	179
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.0%	25.37	8272026	26.99	3012026	179
TLH	iShares 10-20 Year Treasury Bond ETF	-5.3%	97.61	8272026	103.08	3012026	179
EDV	Vanguard World Funds Extended Duration ETF	-9.7%	60.89	8272026	67.42	3012026	179
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-5.6%	34.49	8272026	36.53	5192026	100
GSG	iShares GSCI Commodity	-5.8%	30.01	8272026	31.85	3182026	162
GLD	SPDR Gold Trust	-13.8%	422.60	8272026	490.00	3022026	178
IAU	iShares Gold Trust	-13.7%	86.62	8272026	100.38	3022026	178
GLDM	SPDR Gold MiniShares Trust	-13.6%	91.17	8272026	105.54	3022026	178
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8272026	50.81	3022026	178
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8272026	52.53	3022026	178
SLV	iShares Silver Trust	-26.1%	62.77	8272026	84.99	3012026	179
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8272026	89.26	3012026	179
PPLT	ETFS Physical Platinum Shares	-21.9%	16.76	8272026	21.47	3012026	179
CPER	United States Copper Index Fund ETV	-9.6%	33.33	8272026	36.88	3012026	179
PALL	ETFS Physical Palladium Shares	-24.3%	24.58	8272026	32.49	2262026	182
USO	United States Oil Fund LP	-15.0%	130.01	8272026	152.96	5192026	100
UNG	United States Natural Gas Fund LP	-20.0%	10.43	8272026	13.04	3122026	168
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8272026	60.13	5042026	115

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-26

Asset allocation rotation · Past week

Bond ETFs drew the largest net inflows (+$2.4B), followed by Commodity (+$2.1B), with every major asset class in net inflows.
Within the mix, money rotated into Short Treasury (+$3.3B) and out of US Large Cap Core (−$9.0B).
Relative to fund size, SPTS drew the largest inflow (+16.9% of AUM) and FSMD the largest outflow (−22.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$9.05B	+0.9%
2	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$1.83B	+2.7%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$1.56B	+0.3%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.51B	+0.2%
5	VCIT	Vanguard Intermediate-Term Corporate Bond ETF	Bond Intermediate Corporate	+$1.18B	+1.7%
6	IJH	iShares Core S&P Mid-Cap ETF	Equity US Mid Cap Core	+$1.17B	+0.9%
7	SPTS	State Street SPDR Portfolio Short Term Treasury ETF	Bond Short Treasury	+$1.06B	+16.9%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$1.02B	+2.5%
9	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$1.01B	+7.5%
10	GLD	SPDR Gold Shares	Commodity Gold	+$934M	+0.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	SPTS	State Street SPDR Portfolio Short Term Treasury ETF	Bond Short Treasury	+$1.06B	+16.9%
2	CNEQ	Alger Concentrated Equity ETF	Other	+$307M	+15.4%
3	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$188M	+13.7%
4	NULV	Nuveen ESG Large-Cap Value	Other	+$254M	+10.6%
5	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$98M	+8.9%
6	NULG	Nuveen ESG Large-Cap Growth	Other	+$250M	+8.8%
7	DFAL		Other	+$147M	+8.7%
8	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$1.01B	+7.5%
9	ITB	iShares U.S. Home Construction ETF	Other	+$179M	+7.3%
10	FEOE	First Eagle Overseas Equity ETF	Other	+$124M	+6.6%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$10.03B	-1.2%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$8.54B	-1.0%
3	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$2.33B	-5.2%
4	XLF this	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.2B	-2.2%
5	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$911M	-2.1%
6	DRAM	Roundhill Memory ETF	Other	-$825M	-3.2%
7	VGT	Vanguard Information Technology ETF	Equity Broad Sector	-$790M	-0.5%
8	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$628M	-3.8%
9	FSMD	Fidelity Small-Mid Multifactor ETF	Other	-$590M	-22.9%
10	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$482M	-1.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	FSMD	Fidelity Small-Mid Multifactor ETF	Other	-$590M	-22.9%
2	USO	United States Oil Fund, LP	Commodity Energy	-$268M	-14.6%
3	FVAL	Fidelity Value Factor ETF	Other	-$193M	-14.1%
4	FDLO	Fidelity Low Volatility Factor ETF	Other	-$159M	-11.1%
5	FQAL	Fidelity Quality Factor ETF	Other	-$160M	-11.0%
6	TAN	Invesco Solar ETF	Other	-$118M	-9.9%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$142M	-7.8%
8	GRNY	Tidal Trust III - Fundstrat Granny Shots US Large Cap ETF	Other	-$280M	-6.3%
9	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$2.33B	-5.2%
10	VFMO	Vanguard U.S. Momentum Factor ETF	Other	-$98M	-5.0%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$48.8B), followed by Bond (+$18.8B), while Real Estate (−$178M) saw the largest outflows.
Within the mix, money rotated into US Nasdaq Growth (+$13.1B) and out of Intermediate Treasury (−$5.8B).
Relative to fund size, CNEQ drew the largest inflow (+112.0% of AUM) and USO the largest outflow (−26.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$20.97B	+2.0%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$9.71B	+2.0%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$5.64B	+5.5%
4	GLD	SPDR Gold Shares	Commodity Gold	+$5.09B	+3.5%
5	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$4.99B	+2.9%
6	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$4.87B	+0.7%
7	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$4.81B	+10.6%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.98B	+3.7%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.49B	+18.8%
10	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.35B	+3.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.16B	+112.0%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+54.3%
3	USMC	Principal U.S. Mega-Cap ETF	Other	+$1.41B	+34.9%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$429M	+28.2%
5	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$370M	+27.9%
6	BFLX	iShares Flexible Equity Active ETF	Other	+$456M	+27.1%
7	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$339M	+25.5%
8	FLTW	Franklin FTSE Taiwan ETF	Other	+$714M	+21.1%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.49B	+18.8%
10	ETHA	iShares Ethereum Trust ETF	Crypto	+$1.06B	+18.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$13.96B	-1.6%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$5.41B	-0.7%
3	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.67B	-10.8%
4	XLF this	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$3.67B	-6.3%
5	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$1.37B	-3.1%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$1.34B	-3.1%
7	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.06B	-7.5%
8	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$891M	-10.7%
9	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$766M	-1.9%
10	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$757M	-3.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	USO	United States Oil Fund, LP	Commodity Energy	-$519M	-26.1%
2	TAN	Invesco Solar ETF	Other	-$258M	-19.4%
3	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$227M	-17.3%
4	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$133M	-13.0%
5	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$293M	-12.7%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.67B	-10.8%
7	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$891M	-10.7%
8	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$155M	-10.7%
9	XNTK	State Street SPDR NYSE Technology ETF	Other	-$215M	-10.0%
10	IBTG	iShares iBonds Dec 2026 Term Treasury ETF	Other	-$200M	-9.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$184.9B), followed by Bond (+$64.5B), while Crypto (−$2.3B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$61.2B) and out of US Large Concentrated (−$1.7B).
Relative to fund size, ACYN drew the largest inflow (+104.9% of AUM) and VLUE the largest outflow (−47.3%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$30.22B	+3.4%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$21.68B	+13.6%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$18.89B	+2.4%
4	DRAM	Roundhill Memory ETF	Other	+$17.04B	+71.5%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$14.83B	+2.2%
6	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.06B	+14.3%
7	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$13.9B	+2.9%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.04B	+11.1%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.9B	+9.9%
10	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$8.91B	+20.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.19B	+104.9%
2	DRAM	Roundhill Memory ETF	Other	+$17.04B	+71.5%
3	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+65.7% ⚠
4	FLKR	Franklin FTSE South Korea ETF	Other	+$743M	+57.7%
5	NASA	Tema Space Innovators ETF	Equity Thematic	+$705M	+56.0%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.27B	+55.4%
7	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.13B	+55.4% ⚠
8	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.56B	+50.7% ⚠
9	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.33B	+50.5% ⚠
10	CBOX		Other	+$572M	+49.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$9.58B	-1.0%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.01B	-13.0%
3	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.85B	-10.3%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.64B	-47.3%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.81B	-14.0%
6	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$2.36B	-17.0%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.33B	-3.7%
8	IVE	iShares S&P 500 Value ETF	Equity US Large Value	-$2.28B	-4.7%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.3%
10	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$2.21B	-5.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.64B	-47.3%
2	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$942M	-40.3%
3	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.3%
4	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$347M	-29.2%
5	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.27B	-29.2%
6	TAN	Invesco Solar ETF	Other	-$385M	-24.3%
7	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$300M	-23.7%
8	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$517M	-22.5%
9	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$354M	-22.3%
10	KWEB	KraneShares CSI China Internet ETF	Equity Emerging Markets	-$1.19B	-22.1%

Largest ETF fund flows across ~2623 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About XLF

Holdings Count: 76
Expense Ratio: 0.08%
Inception Date: 1998-12-16

State Street Financial Select Sector SPDR ETF
The State Street Financial Select Sector SPDR ETF aims to mirror the price and yield performance of the Financial Select Sector Index, before accounting for expenses. This underlying Index is structured to accurately reflect the financial segment of the S&P 500 Index. The ETF offers targeted investment exposure to various financial sub-sectors, including financial services, insurance, banking, capital markets, mortgage real estate investment trusts (REITs), and consumer finance. Consequently, it enables investors to pursue more granular strategic or tactical portfolio adjustments than typical style-based investment approaches.
Asset Class: Equity | ETF Website

	Title	Date
0	DASHBOARDS
1	Is XLF's New High A Quiet Warning?	07/15/2026

	Title
0	ARTICLES

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OKTA	Okta	30.5	28.6%	100.0%
CRM	Salesforce	218.8	22.6%	-4.4%
CRWD	CrowdStrike	57.8	20.5%	94.5%
VEEV	Veeva Systems	46.1	15.2%	26.4%
RPD	Rapid7	0.9	14.5%	-11.2%
ACDC	ProFrac	1.0	13.9%	35.2%
SNPS	Synopsys	89.0	13.4%	-1.0%
BRUN	Boost Run	1.0	13.3%	-1.7%
FIG	Figma	16.0	13.3%	-18.1%
TH	Target Hospitality	1.9	13.0%	136.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
WEN	Wendy's	1.5	-13.6%	-2.7%
HQY	HealthEquity	7.9	-10.6%	1.9%
HRL	Hormel Foods	11.7	-10.2%	-6.7%
PAY	Paymentus	4.5	-9.7%	12.7%
P	Everpure	32.9	-8.9%	48.2%
BURL	Burlington Stores	18.2	-7.6%	0.4%
EYPT	EyePoint	0.4	-7.2%	-74.7%
LUCK	Lucky Strike Entertainment	0.8	-7.1%	-25.1%
SFM	Sprouts Farmers Market	7.7	-6.7%	1.7%
SPHR	Sphere Entertainment	5.3	-6.4%	55.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ASST	Strive	1.4	43.3%	56.6%
ANF	Abercrombie & Fitch	6.6	38.8%	15.8%
OKTA	Okta	30.5	28.9%	100.0%
TMC	TMC The Metals	2.2	28.2%	-17.5%
PURR	Hyperliquid Strategies	1.6	27.3%	260.4%
INBX	Inhibrx Biosciences	1.9	25.0%	56.9%
METC	Ramaco Resources	0.8	24.8%	-22.7%
TENX	Tenax Therapeutics	0.1	23.0%	-82.0%
VIR	Vir Biotechnology	1.7	22.8%	87.6%
CRM	Salesforce	218.8	22.7%	-4.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DKS	Dick's Sporting Goods	11.7	-26.5%	-32.6%
DY	Dycom Industries	9.2	-23.0%	-8.8%
SWMR	Swarmer	0.6	-20.5%	17.8%
RGNX	Regenxbio	0.5	-15.3%	-34.9%
AEHR	Aehr Test Systems	2.8	-14.6%	348.0%
EYPT	EyePoint	0.4	-14.3%	-74.7%
BETA	BETA Technologies	5.1	-13.9%	-22.2%
SYRE	Spyre Therapeutics	7.4	-13.2%	185.8%
AEVA	Aeva Technologies	1.0	-13.1%	23.4%
BURL	Burlington Stores	18.2	-13.0%	0.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MRNA	Moderna	56.4	162.0%	384.1%
ABCL	AbCellera Biologics	3.8	130.1%	262.6%
PURR	Hyperliquid Strategies	1.6	114.9%	260.4%
ASST	Strive	1.4	109.0%	56.6%
LIFE	Ethos Technologies	1.9	98.8%	4682.9%
STDN	Standard Nuclear	2.4	95.2%	16.3%
HTFL	HeartFlow	4.1	92.1%	65.0%
AMLX	Amylyx Pharmaceuticals	4.1	88.4%	207.8%
IOVA	Iovance Biotherapeutics	3.5	81.1%	202.6%
AXTI	AXT	3.6	81.0%	309.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SION	Sionna Therapeutics	0.3	-86.5%	-85.3%
TENX	Tenax Therapeutics	0.1	-85.2%	-82.0%
EYPT	EyePoint	0.4	-61.2%	-74.7%
TDUP	ThredUp	0.3	-54.8%	-58.1%
KLC	KinderCare Learning Companies	0.3	-53.6%	-41.4%
UTI	Universal Technical Institute	1.2	-47.3%	-17.3%
AHCO	AdaptHealth	0.8	-46.2%	-41.8%
REZI	Resideo Technologies	3.0	-44.0%	-43.1%
PLTK	Playtika	0.9	-42.9%	-41.8%
ARKO	ARKO	0.5	-42.0%	-0.2%

Peer Comparisons

Peers to compare with:

Profile

	XLF	VGT	XLK	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	55.5	160.2	119.4	44.8	41.9	33.3	50.1
Expense Ratio	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	33.96	4.73	11.09	10.05	34.18	7.55	10.57
Latest Day Volume (Mil)	5.18	0.98	2.20	1.92	7.08	1.77	2.06
Holdings Count	76	310	73	60	21	83	74
Inception Date	12/16/1998	1/26/2004	12/16/1998	12/16/1998	12/16/1998	12/16/1998	-

Fundamentals

	XLF	VGT	XLK	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Net Asset Value	56.91	118.42	183.05	172.30	63.74	179.68	-
Premium/Discount	1.7%	2.9%	3.0%	-0.4%	-2.3%	-0.5%	0.6%
Distribution Yield	1.4%	0.4%	0.4%	1.5%	2.4%	1.2%	1.3%
Sales Yield	29.1%	64.9%	100.8%	59.1%	61.3%	32.4%	60.2%
Earnings Yield	6.3%	8.6%	12.9%	3.0%	5.9%	3.5%	6.1%

Valuation

	XLF	VGT	XLK	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
P/S (TTM)	3.4x	1.5x	1.0x	1.7x	1.6x	3.1x	1.7x
P/E (TTM)	15.9x	11.6x	7.8x	32.9x	16.9x	28.9x	16.4x
P/FCF (TTM)	33.9x	5.5x	3.3x	23.1x	16.3x	28.5x	19.7x
Forward P/E	15.1x	4.6x	2.9x	18.6x	13.9x	24.2x	14.5x
Forward P/S	3.4x	1.2x	0.8x	1.6x	1.5x	2.8x	1.6x

Risk

	XLF	VGT	XLK	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	14.5%	24.7%	26.2%	16.0%	21.7%	17.0%	19.4%
Volatility (3Y)	16.1%	24.6%	25.1%	14.7%	21.8%	16.7%	19.2%
Volatility (5Y)	18.4%	25.9%	25.9%	15.1%	25.7%	17.6%	22.1%
Beta (1Y)	0.61	1.69	1.75	0.29	-0.29	0.95	0.78
Beta (3Y)	0.78	1.49	1.49	0.46	0.46	0.91	0.84
Beta (5Y)	0.86	1.41	1.39	0.54	0.59	0.88	0.87
Sharpe Ratio (1Y)	0.67	1.50	1.52	1.57	1.81	1.05	1.51
Sharpe Ratio (3Y)	1.30	1.27	1.22	0.75	0.78	1.21	1.22
Sharpe Ratio (5Y)	0.65	0.82	0.85	0.49	1.04	0.80	0.81
Max Drawdown (1Y)	-14.8%	-16.4%	-16.0%	-10.5%	-15.6%	-12.2%	-15.2%
Max Drawdown (3Y)	-15.5%	-27.2%	-25.7%	-17.1%	-20.1%	-18.5%	-19.3%
Max Drawdown (5Y)	-25.8%	-35.1%	-33.6%	-17.1%	-26.0%	-21.6%	-25.9%

Returns

	XLF	VGT	XLK	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
1M Return	2.1%	12.7%	13.2%	3.2%	6.2%	1.2%	4.7%
3M Return	12.9%	2.6%	0.9%	13.7%	9.4%	2.9%	6.1%
6M Return	10.8%	32.1%	33.9%	9.4%	13.9%	1.5%	12.4%
YTD Return	6.2%	29.7%	31.2%	11.3%	40.2%	15.6%	22.6%
1Y Return	9.1%	40.7%	44.0%	26.8%	44.6%	17.9%	33.8%
2Y Return	35.0%	72.8%	73.0%	14.2%	47.9%	43.2%	45.6%
3Y Return	79.9%	133.3%	128.9%	34.9%	55.5%	75.9%	77.9%

Short Interest

Short Interest: As Of Date	8142026
Short Interest: Shares Quantity	97.4 Mil
Short Interest: % Change Since 7312026	-12.5%
Average Daily Volume	26.1 Mil
Days-to-Cover Short Interest	3.7 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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State Street Financial Select Sector SPDR ETF (XLF)

Market Price (8/28/2026): $58.38

State Street Financial Select Sector SPDR ETF (XLF)

Market Price (8/28/2026): $58.38

Key Takeaways

Price Chart

Asset Allocation with XLF

Valuation & Yield

Top 20 Holdings for XLF

Performance for XLF Top Holdings

Guidance Updates for XLF Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

XLF Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Trade & Investment Ideas

Wealth

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