State Street Technology Select Sector SPDR ETF (XLK)

Market Price (9/6/2026): $187.4

State Street Technology Select Sector SPDR ETF (XLK)

Market Price (9/6/2026): $187.4

Key Takeaways

XLK has returned +30.2% YTD vs +13.3% for SPY; +43.1% over the past 12 months (SPY +20.0%). details →
Priced in gold, XLK has returned -5.2% over the past 3 years, vs +118.1% in dollars — its dollar gains have lagged gold. details →
Over the past month, XLK has seen net outflows of −$546M (−0.5% of assets). details →
XLK's portfolio trades at 2.7x forward earnings — a 65% discount to SPY (7.7x). details →
XLK's top 10 holdings represent 61% of the fund vs 38% for SPY — a more concentrated portfolio. details →

Last updated: 9/5/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XLK

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+16.7%

Volatility

13.5%

Sharpe

1.01

YTD

+18.8%

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	XLK	25.0%	0.7%	0.9%	1.1%	30.2%
Bond	BND	50.0%	0.0%	-0.1%	-0.1%	-0.2%
Gold	GLD	10.0%	-0.8%	-0.5%	4.4%	2.6%
Commodity	DBC	2.5%	-0.2%	3.6%	10.5%	42.7%
Real Estate	VNQ	5.0%	-0.7%	-1.3%	-2.1%	10.6%
Bitcoin	BTCUSD	0.0%	-2.0%	2.4%	24.0%	-9.0%
Cash	GOVT	7.5%	0.0%	-0.5%	-0.4%	-0.8%
Conservative Portfolio		100.0%	0.1%	0.1%	0.8%	9.2%

	ETF	%	1D	1W	1M	YTD
Equity	XLK	55.0%	0.7%	0.9%	1.1%	30.2%
Bond	BND	25.0%	0.0%	-0.1%	-0.1%	-0.2%
Gold	GLD	7.0%	-0.8%	-0.5%	4.4%	2.6%
Commodity	DBC	4.0%	-0.2%	3.6%	10.5%	42.7%
Real Estate	VNQ	5.0%	-0.7%	-1.3%	-2.1%	10.6%
Bitcoin	BTCUSD	2.0%	-2.0%	2.4%	24.0%	-9.0%
Cash	GOVT	2.0%	0.0%	-0.5%	-0.4%	-0.8%
Moderate Portfolio		100.0%	0.3%	0.5%	1.7%	18.8%

	ETF	%	1D	1W	1M	YTD
Equity	XLK	80.0%	0.7%	0.9%	1.1%	30.2%
Bond	BND	5.0%	0.0%	-0.1%	-0.1%	-0.2%
Gold	GLD	3.0%	-0.8%	-0.5%	4.4%	2.6%
Commodity	DBC	2.2%	-0.2%	3.6%	10.5%	42.7%
Real Estate	VNQ	4.5%	-0.7%	-1.3%	-2.1%	10.6%
Bitcoin	BTCUSD	5.2%	-2.0%	2.4%	24.0%	-9.0%
Cash	GOVT	0.0%	0.0%	-0.5%	-0.4%	-0.8%
Aggressive Portfolio		100.0%	0.4%	0.8%	2.4%	25.2%

	ETF	%	Return	Volatility	Sharpe
Equity	XLK	25.0%	24.3%	20.8%	1.01
Bond	BND	50.0%	1.4%	5.1%	-0.26
Gold	GLD	10.0%	12.4%	15.2%	0.64
Commodity	DBC	2.5%	7.9%	17.3%	0.34
Real Estate	VNQ	5.0%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	0.0%	63.7%	76.0%	0.95
Cash	GOVT	7.5%	0.4%	4.9%	-0.47
Conservative Portfolio		100.0%	8.5%	8.1%	0.70

	ETF	%	Return	Volatility	Sharpe
Equity	XLK	55.0%	24.3%	20.8%	1.01
Bond	BND	25.0%	1.4%	5.1%	-0.26
Gold	GLD	7.0%	12.4%	15.2%	0.64
Commodity	DBC	4.0%	7.9%	17.3%	0.34
Real Estate	VNQ	5.0%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	2.0%	63.7%	76.0%	0.95
Cash	GOVT	2.0%	0.4%	4.9%	-0.47
Moderate Portfolio		100.0%	16.7%	13.5%	1.01

	ETF	%	Return	Volatility	Sharpe
Equity	XLK	80.0%	24.3%	20.8%	1.01
Bond	BND	5.0%	1.4%	5.1%	-0.26
Gold	GLD	3.0%	12.4%	15.2%	0.64
Commodity	DBC	2.2%	7.9%	17.3%	0.34
Real Estate	VNQ	4.5%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	5.2%	63.7%	76.0%	0.95
Cash	GOVT	0.0%	0.4%	4.9%	-0.47
Aggressive Portfolio		100.0%	24.5%	18.9%	1.11

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

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLK	25.0%	-30.3%	-25.8%	-22.7%
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%	-17.3%	-10.5%	-5.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLK	55.0%	-30.3%	-25.8%	-22.7%
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%	-22.8%	-18.8%	-13.8%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLK	80.0%	-30.3%	-25.8%	-22.7%
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%	-29.0%	-25.1%	-20.8%

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

Learn More →

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

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	9/30/27	9/6/26	2025	2024	2023	2022	2021
Share Price CYE		$187.28	$143.79	$115.40	$94.88	$60.81	$84.14
Dividend/Share TTM		$0.74	$1.35	$1.52	$1.46	$1.29	$1.12
Valuation [1]
P/S	6.38	8.76	8.72	8.29	6.86	4.41	6.57
P/E		34.34	36.51	39.03	34.33	23.43	31.21
P/E (Non-GAAP) [2]	20.72	29.21	32.48	33.51	32.92	24.50	37.50
P/FCF		41.98	36.81	36.97	32.54	23.52	32.39
Yields TTM
Earnings Yield	4.83%	2.91%	2.74%	2.56%	2.91%	4.27%	3.20%
Dividend Yield	0.40%	0.40%	0.94%	1.32%	1.54%	2.12%	1.33%
Total Yield (TY)	5.22%	3.31%	3.68%	3.88%	4.45%	6.39%	4.54%
Risk Premium [3]
Risk Free Rate (Rf)	4.77%	4.77%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	0.45%	-1.46%	-0.50%	-0.70%	0.57%	2.51%	3.02%
Growth Rates [6]
Sales Growth	19.0%	11.2%	20.2%	20.7%	20.2%	20.3%
Earnings Growth [7]	24.0%	1.0%	24.7%	-15.1%	269.2%	15.6%

[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.
Show more

Highlights

YIELD

XLK's earnings yield is 2.91%, based on its 34.3x trailing P/E. With a 0.40% dividend yield, XLK is yielding 3.31% in total.

RISK

Compared to US Treasuries at 4.77%, XLK's total yield implies a -1.46% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, XLK's forward total yield is 5.22%, implying a 0.45% risk premium assuming stable Treasury rates.

Top 20 Holdings for XLK

Total Weights
Top 5: 46.7% | Top 10: 61.5% | Top 20: 77.3%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.97%	100.00%	100.00%	0.7	2.7	+19.0%	+24.0%
Top 20		77.32%	6.11%	15.58%	8.1	20.9	+26.0%	+28.4%
NVDA	NVIDIA	14.84%	0.76%	3.79%	9.4	17.2	+68.0%	+64.9%
AAPL	Apple	13.03%	1.22%	2.64%	9.0	34.2	+9.0%	+3.5%
MSFT	Microsoft	10.07%	0.85%	2.68%	9.1	24.1	+19.5%	+19.3%
AVGO	Broadcom	4.75%	0.20%	0.60%	10.4	19.2	+64.8%	+65.0%
MU	Micron Technology	4.05%	0.30%	1.32%	4.5	6.6	+12.8%	+7.4%
AMD	Advanced Micro Devices	3.88%	0.19%	0.24%	9.8	34.1	+74.4%	+109.6%
INTC	Intel	2.96%	0.33%	—	7.0	48.1	+15.1%	+40.5%
CSCO	Cisco Systems	2.88%	0.40%	0.65%	5.8	20.9	+7.2%	+8.0%
PLTR	Palantir Technologies	2.59%	0.04%	0.14%	37.3	93.3	+49.5%	+40.0%
LRCX	Lam Research	2.40%	0.14%	0.33%	10.6	30.8	+19.0%	+22.3%
AMAT	Applied Materials	2.32%	0.19%	0.44%	7.9	25.5	+36.1%	+42.4%
PANW	Palo Alto Networks	1.78%	0.07%	0.04%	18.4	73.3	+14.3%	+18.7%
ORCL	Oracle	1.65%	0.23%	0.46%	4.4	17.2	+45.6%	+41.7%
TXN	Texas Instruments	1.55%	0.12%	0.29%	9.7	26.5	+13.8%	+17.0%
SNDK	SanDisk	1.53%	0.11%	0.51%	5.0	7.5	+19.3%	+15.8%
KLAC	KLA	1.50%	0.08%	0.22%	12.8	32.3	+19.5%	+20.9%
IBM	International Business Machines	1.45%	0.43%	0.52%	3.1	17.8	+3.9%	+7.4%
CRM	Salesforce	1.40%	0.27%	0.47%	4.3	14.1	+9.8%	+12.4%
CRWD	CrowdStrike	1.38%	0.03%	0.00%	31.5	139.1	+22.6%	+28.9%
APH	Amphenol	1.31%	0.18%	0.24%	5.1	25.5	+17.4%	+25.6%

[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 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[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 XLK Top Holdings

Ticker	Holding	Weight	Mkt Price 9/5	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XLK	State Street Technology Select Sector SPDR ETF	100.00%	187.28	0.0%	1.1%	30.2%	43.1%	118.1%	143.7%	771.1%
NVDA	NVIDIA	14.84%	230.36	0.0%	5.2%	23.7%	38.1%	390.4%	911.8%	14,981.8%
AAPL	Apple	13.03%	319.97	0.0%	2.5%	18.0%	34.0%	77.3%	112.6%	1,191.2%
MSFT	Microsoft	10.07%	499.70	0.0%	0.2%	4.0%	1.8%	53.6%	72.9%	876.0%
AVGO	Broadcom	4.75%	357.89	0.0%	-14.9%	3.8%	7.7%	325.4%	689.9%	2,625.8%
MU	Micron Technology	4.05%	1,016.59	0.0%	15.3%	256.4%	675.1%	1,360.0%	1,312.4%	5,975.2%
AMD	Advanced Micro Devices	3.88%	477.57	0.0%	-2.4%	123.0%	216.0%	337.0%	334.5%	6,882.0%
INTC	Intel	2.96%	95.80	0.0%	-4.0%	159.6%	291.2%	163.4%	94.4%	224.3%
CSCO	Cisco Systems	2.88%	109.20	0.0%	-9.7%	43.8%	66.6%	106.8%	111.4%	362.3%
PLTR	Palantir Technologies	2.59%	174.33	0.0%	11.8%	-1.9%	13.9%	1,039.4%	554.4%
LRCX	Lam Research	2.40%	307.65	0.0%	0.6%	80.1%	200.5%	353.9%	430.7%	3,645.9%
AMAT	Applied Materials	2.32%	454.71	0.0%	-13.7%	77.6%	180.9%	203.9%	248.9%	1,591.4%
PANW	Palo Alto Networks	1.78%	333.26	0.0%	-7.3%	80.9%	71.4%	171.8%	327.1%	1,257.2%
ORCL	Oracle	1.65%	158.78	0.0%	10.7%	-17.8%	-31.0%	32.3%	88.7%	346.9%
TXN	Texas Instruments	1.55%	258.44	0.0%	-7.2%	51.5%	41.1%	67.6%	56.8%	388.8%
SNDK	SanDisk	1.53%	1,740.00	0.0%	38.3%	633.0%	2,438.3%
KLAC	KLA	1.50%	185.60	0.0%	-3.8%	53.3%	106.2%	270.2%	470.1%	2,970.8%
IBM	International Business Machines	1.45%	234.89	0.0%	1.3%	-19.1%	-3.0%	74.0%	112.3%	129.6%
CRM	Salesforce	1.40%	259.23	0.0%	38.8%	-1.6%	4.3%	19.0%	-1.3%	251.6%
CRWD	CrowdStrike	1.38%	213.10	0.0%	2.8%	81.8%	104.1%	412.8%	206.4%
APH	Amphenol	1.31%	82.78	0.0%	-3.0%	22.5%	49.9%	276.4%	329.8%	953.3%

Guidance Updates for XLK Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
AMAT_8132026	AMAT	Applied Materials	8/13/2026	Q4 2026 Revenue	10.25 Bil	14.5%	Higher NewNew Guidance Higher than Prior Actual of 8.95 Bil for Q3 2026
AMD_8042026	AMD	Advanced Micro Devices	8/4/2026	Q3 2026 Revenue	13.00 Bil	16.1%	Higher NewNew Guidance Higher than Prior Actual of 11.20 Bil for Q2 2026
APH_7292026	APH	Amphenol	7/29/2026	Q3 2026 Revenue	9.35 Bil	14.7%	Higher NewNew Guidance Higher than Prior Actual of 8.15 Bil for Q2 2026
AVGO_9022026	AVGO	Broadcom	9/2/2026	Q4 2026 Revenue	34.80 Bil	18.4%	Higher NewNew Guidance Higher than Prior Actual of 29.40 Bil for Q3 2026
INTC_7232026	INTC	Intel	7/23/2026	Q3 2026 Revenue	16.30 Bil	14.0%	Higher NewNew Guidance Higher than Prior Actual of 14.30 Bil for Q2 2026
KLAC_7282026	KLAC	KLA	7/28/2026	Q1 2027 Revenue	4.00 Bil	11.9%	Higher NewNew Guidance Higher than Prior Actual of 3.58 Bil for Q4 2026
LRCX_7292026	LRCX	Lam Research	7/29/2026	Q3 2026 Revenue	8.10 Bil	22.7%	Higher NewNew Guidance Higher than Prior Actual of 6.60 Bil for Q2 2026
MU_6242026	MU	Micron Technology	6/24/2026	Q4 2026 Revenue	50.00 Bil	49.3%	Higher NewNew Guidance Higher than Prior Actual of 33.50 Bil for Q3 2026
NVDA_8262026	NVDA	NVIDIA	8/26/2026	Q3 2027 Revenue	108.00 Bil	18.7%	Higher NewNew Guidance Higher than Prior Actual of 91.00 Bil for Q2 2027
PANW_9012026	PANW	Palo Alto Networks	9/1/2026	2027 Revenue	14.15 Bil	23.9%	Higher NewNew Guidance Higher than Prior Actual of 11.42 Bil for 2026
PLTR_8032026	PLTR	Palantir Technologies	8/3/2026	2026 Revenue	8.15 Bil	6.5%	RaisedRaised Prior Guidance of 7.66 Bil for 2026
SNDK_8052026	SNDK	SanDisk	8/5/2026	Q1 2027 Revenue	10.55 Bil	31.9%	Higher NewNew Guidance Higher than Prior Actual of 8.00 Bil for Q4 2026
TXN_7222026	TXN	Texas Instruments	7/22/2026	Q3 2026 Revenue	5.90 Bil	13.5%	Higher NewNew Guidance Higher than Prior Actual of 5.20 Bil for Q2 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XLK Return	35%	-28%	56%	22%	25%	29%	198%
Peers Return	33%	3%	17%	17%	16%	21%	164%
S&P 500 Return	27%	-19%	24%	23%	16%	13%	106%
Monthly Win Rates [3]
XLK Win Rate	75%	33%	75%	67%	58%	33%
Peers Win Rate	70%	43%	57%	62%	65%	56%
S&P 500 Win Rate	75%	42%	67%	75%	67%	56%
Max Drawdowns [4]
XLK Max Drawdown	-9%	-33%	-11%	-17%	-26%	-16%
Peers Max Drawdown	-10%	-25%	-14%	-12%	-19%	-13%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGT, XLF, 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 9/4/2026 (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
XLK	1.33	0.99	0.67
Equity Top Results (3Y)
IALT	2.08	2.08	2.08
VLUE	2.53	1.42	0.74
SPMO	0.94	1.37	0.79
CORO	1.35	1.33	1.33
CGDV	1.28	1.31	0.94

Results as of 8312026.

Event	XLK	S&P 500
2025 US Tariff Shock
% Loss	-25.7%	-18.8%
% Gain to Breakeven	34.5%	23.1%
Time to Breakeven	65 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-17.0%	-7.8%
% Gain to Breakeven	20.4%	8.5%
Time to Breakeven	92 days	18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-10.0%	-9.5%
% Gain to Breakeven	11.2%	10.5%
Time to Breakeven	15 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-33.1%	-24.5%
% Gain to Breakeven	49.5%	32.4%
Time to Breakeven	246 days	427 days
2020 COVID-19 Crash
% Loss	-31.2%	-33.7%
% Gain to Breakeven	45.2%	50.9%
Time to Breakeven	78 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-23.8%	-19.2%
% Gain to Breakeven	31.2%	23.8%
Time to Breakeven	100 days	105 days

Compare to VGT, XLF, XLV, XLE, XLI

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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	XLK	S&P 500
2025 US Tariff Shock
% Loss	-25.7%	-18.8%
% Gain to Breakeven	34.5%	23.1%
Time to Breakeven	65 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-33.1%	-24.5%
% Gain to Breakeven	49.5%	32.4%
Time to Breakeven	246 days	427 days
2020 COVID-19 Crash
% Loss	-31.2%	-33.7%
% Gain to Breakeven	45.2%	50.9%
Time to Breakeven	78 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-23.8%	-19.2%
% Gain to Breakeven	31.2%	23.8%
Time to Breakeven	100 days	105 days
2008-2009 Global Financial Crisis
% Loss	-51.5%	-53.4%
% Gain to Breakeven	106.2%	114.4%
Time to Breakeven	797 days	1085 days

Compare to VGT, XLF, XLV, XLE, XLI

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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.

XLK Dip Buy History

XLK had 25 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

24% median peak return within 1 year of dip event
306 days is the median time to peak return after a dip event
-8% median max drawdown within 1 year of dip event

60 Day Dip			XLK Subsequent Performance
Date	XLK	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			21%	24%	-8%	306
8262026	-7%	1%			0%	1
2052026	-6%	1%			-6%	117
3032025	-7%	-3%	29%	40%	-18%	240
9062024	-7%	1%	34%	34%	-11%	370
4192024	-5%	2%	4%	26%	-6%	306
9262023	-7%	-4%	41%	48%	-1%	288
9292022	-7%	-5%	38%	50%	-4%	292
1252022	-6%	-5%	-9%	8%	-23%	15
3092020	-6%	-12%	60%	71%	-14%	340
10112018	-5%	-3%	20%	22%	-16%	286
4242018	-6%	-8%	23%	23%	-10%	365
6272016	-7%	-3%	35%	40%	0%	346
1152016	-6%	-7%	28%	29%	-2%	364
8202015	-6%	-4%	17%	17%	-8%	361
10152014	-5%	-5%	14%	18%	-1%	278
11082012	-7%	-1%	23%	24%	-2%	363
6012012	-5%	-5%	17%	21%	0%	350
8042011	-8%	-11%	23%	26%	-8%	242
6242011	-6%	-4%	15%	26%	-8%	283
6042010	-5%	-7%	21%	28%	-5%	258
7142008	-6%	-10%	-17%	8%	-40%	32
1042008	-9%	-9%	-36%	1%	-47%	136
5162006	-5%	1%	22%	22%	-9%	365
10122005	-7%	-4%	16%	16%	-3%	365
2102005	-5%	1%	9%	12%	-8%	335

[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 9/5/2026

XLK had 13 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

32% median peak return within 1 year of dip event
308 days is the median time to peak return after a dip event
-7.2% median max drawdown within 1 year of dip event

90 Day Dip			XLK Subsequent Performance
Date	XLK	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			31%	32%	-7%	308
3282025	-12%	-6%	33%	48%	-13%	215
12092022	-11%	-5%	46%	46%	-7%	368
9132022	-11%	-8%	32%	38%	-11%	308
3112022	-11%	-8%	-2%	14%	-19%	18
3162020	-14%	-22%	87%	93%	-2%	333
11202018	-11%	-5%	37%	39%	-10%	364
9292015	-10%	-11%	26%	26%	0%	359
8082011	-12%	-15%	32%	34%	-2%	238
8202010	-11%	-11%	7%	28%	-3%	181
9042008	-10%	-11%	-7%	1%	-38%	4
1182008	-11%	-10%	-37%	10%	-43%	122
6272006	-10%	-3%	31%	32%	-4%	356
4142005	-11%	-2%	17%	19%	-3%	356

[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 9/5/2026

XLK had 4 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

20% median peak return within 1 year of dip event
174 days is the median time to peak return after a dip event
-26% median max drawdown within 1 year of dip event

180 Day Dip			XLK Subsequent Performance
Date	XLK	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			14%	20%	-26%	174
12192022	-20%	-15%	53%	55%	-3%	365
8302022	-21%	-14%	30%	33%	-14%	322
9102008	-21%	-16%	-1%	2%	-38%	2
7212008	-21%	-17%	-12%	6%	-41%	25

[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 9/5/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

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
IWP	iShares Russell Mid-Cap Growth ETF	-5.4%	139.69	9052026	147.70	8172026	19
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.3%	34.20	9052026	37.30	6222026	75
EWY	iShares MSCI South Korea ETF	-13.8%	188.87	9052026	219.20	6212026	76
EWZ	iShares MSCI Brazil ETF	-9.3%	37.86	9052026	41.73	4142026	144
FXI	iShares China Large-Cap ETF	-6.2%	35.88	9052026	38.26	5132026	115
ILF	iShares Latin America 40 ETF	-5.3%	36.07	9052026	38.10	4142026	144
KWEB	KraneShares CSI China Internet ETF	-15.9%	26.05	9052026	30.99	3102026	179
MTUM	iShares MSCI USA Momentum Factor ETF	-11.7%	304.86	9052026	345.22	6222026	75
SPHQ	Invesco S&P 500 Quality ETF	-5.3%	85.32	9052026	90.10	6302026	67
SPMO	Invesco S&P 500 Momentum ETF	-7.4%	149.72	9052026	161.66	6222026	75
URA	Global X Uranium ETF	-20.9%	46.06	9052026	58.26	5062026	122
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.6%	35.95	9052026	41.63	5132026	115
ROBO	ROBO Global Robotics & Automation Index ETF	-10.8%	80.57	9052026	90.34	6022026	95
LIT	Global X Lithium & Battery Tech ETF	-19.0%	74.18	9052026	91.62	5112026	117
ICLN	iShares Global Clean Energy ETF	-25.2%	17.77	9052026	23.75	6022026	95
ARKQ	ARK Autonomous Technology & Robotics ETF	-15.0%	122.25	9052026	143.82	5282026	100
ARKX	ARK Space & Defense Innovation ETF	-14.6%	32.22	9052026	37.74	5282026	100
NASA	Tema Space Innovators ETF	-43.9%	23.52	9052026	41.89	5272026	101
AGIX	KraneShares Artificial Intelligence ETF	-7.0%	45.93	9052026	49.40	6012026	96
XLK	State Street Technology Select Sector SPDR ETF	-5.5%	187.28	9052026	198.21	6022026	95
XLI	State Street Industrial Select Sector SPDR ETF	-6.0%	175.27	9052026	186.51	8162026	20
XLC	State Street Communication Services Select Sector SPDR ETF	-5.9%	112.03	9052026	119.10	4192026	139
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.9%	114.91	9052026	122.06	5282026	100
XLU	State Street Utilities Select Sector SPDR ETF	-8.6%	43.08	9052026	47.15	4092026	149
IYJ	iShares U.S. Industrials ETF	-5.2%	161.10	9052026	169.86	8042026	32
SMH	VanEck Semiconductor ETF	-15.2%	567.01	9052026	668.91	6222026	75
SOXX	iShares Semiconductor ETF	-20.6%	519.86	9052026	655.01	6222026	75
ITA	iShares U.S. Aerospace & Defense ETF	-10.9%	225.61	9052026	253.22	8162026	20
IGV	iShares Expanded Tech-Software Sector ETF	-5.2%	104.57	9052026	110.32	8272026	9
IYT	iShares U.S. Transportation ETF	-6.5%	84.17	9052026	90.01	7162026	51
MISL	First Trust Indxx Aerospace & Defense ETF	-12.0%	43.53	9052026	49.46	3092026	180
RING	iShares MSCI Global Gold Miners ETF	-6.2%	87.40	9052026	93.17	8252026	11
SOXQ	Invesco PHLX Semiconductor ETF	-19.7%	92.40	9052026	115.11	6222026	75
TLT	iShares 20+ Year Treasury Bond ETF	-6.1%	82.21	9052026	87.52	3092026	180
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.3%	25.12	9052026	26.52	3092026	180
EDV	Vanguard World Funds Extended Duration ETF	-8.9%	60.29	9052026	66.20	3092026	180
GSG	iShares GSCI Commodity	-5.8%	30.01	9052026	31.85	3182026	171
GLD	SPDR Gold Trust	-14.9%	406.77	9052026	477.86	3102026	179
IAU	iShares Gold Trust	-14.8%	83.39	9052026	97.85	3102026	179
GLDM	SPDR Gold MiniShares Trust	-14.7%	87.73	9052026	102.89	3102026	179
SGOL	ETFS Physical Swiss Gold Shares	-9.8%	44.66	9052026	49.53	3102026	179
BAR	Direxion Daily Gold Bull 3X Shares	-13.4%	44.34	9052026	51.20	3102026	179
SLV	iShares Silver Trust	-25.3%	59.82	9052026	80.09	3102026	179
PPLT	ETFS Physical Platinum Shares	-17.5%	16.50	9052026	20.00	3102026	179
CPER	United States Copper Index Fund ETV	-7.7%	33.33	9052026	36.12	3112026	178
PALL	ETFS Physical Palladium Shares	-17.4%	25.31	9052026	30.64	3092026	180
USO	United States Oil Fund LP	-7.2%	141.96	9052026	152.96	5192026	109
UNG	United States Natural Gas Fund LP	-19.0%	10.56	9052026	13.04	3122026	177
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	9052026	60.13	5042026	124
SCHH	Schwab U.S. REIT ETF	-5.7%	23.45	9052026	24.86	7262026	41
REET	iShares Global REIT ETF	-5.2%	27.40	9052026	28.89	7262026	41
USRT	iShares Core U.S. REIT ETF	-6.4%	65.34	9052026	69.82	7262026	41

ETF Fund Flows

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

Net fund flows · as of 2026-09-04

Asset allocation rotation · Past week

Bond ETFs drew the largest net inflows (+$3.7B), followed by Cash (+$2.7B), while Equity (−$16.8B) and Real Estate (−$104M) saw the largest outflows.
Within the mix, money rotated into Gold (+$1.8B) and out of US Large Cap Core (−$19.3B).
Relative to fund size, LMUB drew the largest inflow (+12.4% of AUM) and PWV the largest outflow (−23.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$11.8B	+1.1%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$2.04B	+1.9%
3	GLD	SPDR Gold Shares	Commodity Gold	+$1.38B	+0.9%
4	IEFA	iShares Core MSCI EAFE ETF	Equity International Developed Broad	+$1.1B	+0.6%
5	SPSB	State Street SPDR Portfolio Short Term Corporate Bond ETF	Bond Short Corporate	+$781M	+7.4%
6	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$690M	+0.6%
7	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$670M	+0.4%
8	IBIT	iShares Bitcoin Trust ETF	Crypto	+$662M	+1.1%
9	AGG	iShares Core U.S. Aggregate Bond ETF	Bond US Aggregate Core	+$632M	+0.5%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$628M	+0.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	LMUB	iShares Long-Term National Muni Bond ETF	Bond Municipal	+$221M	+12.4%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$120M	+10.7%
3	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$124M	+10.2%
4	RODM	Hartford Multifactor Developed Markets (ex-US) ETF	Other	+$166M	+10.0%
5	BKAG	BNY Mellon Core Bond ETF	Other	+$207M	+9.2%
6	MOO	VanEck Agribusiness ETF	Other	+$96M	+8.4%
7	SPSB	State Street SPDR Portfolio Short Term Corporate Bond ETF	Bond Short Corporate	+$781M	+7.4%
8	IHF	iShares U.S. Healthcare Providers ETF	Equity Industry Subsector	+$95M	+7.2%
9	NBSD	Neuberger Berman Short Duration Income ETF	Other	+$94M	+7.2%
10	SYSB	iShares Systematic Bond ETF	Other	+$78M	+6.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$23.75B	-2.7%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$4.77B	-0.6%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$4.58B	-0.9%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	-$2.93B	-1.7%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.05B	-6.8%
6	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$953M	-6.6%
7	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$716M	-4.6%
8	DRAM	Roundhill Memory ETF	Other	-$695M	-2.7%
9	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$605M	-0.8%
10	GDX	VanEck Gold Miners ETF	Other	-$565M	-1.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	PWV	Invesco Large Cap Value ETF	Other	-$456M	-23.8%
2	USO	United States Oil Fund, LP	Commodity Energy	-$280M	-16.2%
3	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$220M	-14.0%
4	QDF	Northern Trust Quality Dividend ETF	Other	-$284M	-12.7%
5	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$229M	-12.4%
6	NULV	Nuveen ESG Large-Cap Value	Other	-$313M	-12.3%
7	NUSC	Nuveen ESG Small-Cap ETF	Equity US Small Cap Core	-$124M	-9.6%
8	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$188M	-9.2%
9	CGMM	Capital Group U.S. Small and Mid Cap ETF	Other	-$250M	-7.3%
10	CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	Other	-$99M	-7.1%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$28.1B), followed by Bond (+$18.6B), while Real Estate (−$338M) saw the largest outflows.
Within the mix, money rotated into Short Treasury (+$9.2B) and out of Intermediate Treasury (−$8.8B).
Relative to fund size, CNEQ drew the largest inflow (+86.6% of AUM) and SNXX the largest outflow (−28.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$33.36B	+3.2%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$6.84B	+6.5%
3	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$6.28B	+13.4%
4	GLD	SPDR Gold Shares	Commodity Gold	+$5.38B	+3.6%
5	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$4.69B	+15.2%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$4.6B	+0.9%
7	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$3.91B	+0.5%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.79B	+3.4%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.33B	+15.6%
10	IBIT	iShares Bitcoin Trust ETF	Crypto	+$2.99B	+5.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.55B	+86.6%
2	USMC	Principal U.S. Mega-Cap ETF	Other	+$1.4B	+27.7%
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$423M	+25.7%
4	BFLX	iShares Flexible Equity Active ETF	Other	+$474M	+23.1%
5	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$304M	+22.4%
6	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$337M	+20.9%
7	SPTS	State Street SPDR Portfolio Short Term Treasury ETF	Bond Short Treasury	+$1.27B	+20.7%
8	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$193M	+18.7%
9	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$2.42B	+18.4%
10	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	+$457M	+18.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$36.97B	-4.2%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.88B	-11.4%
3	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$3.76B	-6.7%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.68B	-8.2%
5	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.43B	-14.4%
6	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$2.41B	-5.7%
7	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$1.81B	-3.9%
8	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$1.76B	-4.0%
9	DRAM	Roundhill Memory ETF	Other	-$1.33B	-5.1%
10	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$1.02B	-2.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$510M	-28.0%
2	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$394M	-21.2%
3	RSPN	Invesco S&P 500 Equal Weight Industrials ETF	Other	-$190M	-17.9%
4	USO	United States Oil Fund, LP	Commodity Energy	-$323M	-17.1%
5	TAN	Invesco Solar ETF	Other	-$218M	-16.9%
6	XNTK	State Street SPDR NYSE Technology ETF	Other	-$318M	-16.0%
7	CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	Other	-$227M	-15.5%
8	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.43B	-14.4%
9	ETHU	2x Ether ETF	Other	-$117M	-11.5%
10	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.88B	-11.4%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$130.6B), followed by Bond (+$63.1B), with every major asset class in net inflows.
Within the mix, money rotated into International Developed Broad (+$16.7B) and out of Intermediate Treasury (−$4.6B).
Relative to fund size, BFLX drew the largest inflow (+131.6% of AUM) and NASA the largest outflow (−56.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$17.54B	+10.9%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.13B	+14.2%
3	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$13.34B	+2.0%
4	DRAM	Roundhill Memory ETF	Other	+$12.83B	+52.7%
5	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.89B	+9.7%
6	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$9.59B	+9.6%
7	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$8.5B	+19.5%
8	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$7.97B	+45.1%
9	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$7.81B	+18.4%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$7.75B	+5.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$2.08B	+131.6%
2	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.21B	+96.9%
3	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.34B	+59.2%
4	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.13B	+56.0% ⚠
5	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+54.6% ⚠
6	FLKR	Franklin FTSE South Korea ETF	Other	+$703M	+52.8%
7	DRAM	Roundhill Memory ETF	Other	+$12.83B	+52.7%
8	CBOX		Other	+$568M	+46.5%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$7.97B	+45.1%
10	EWI	iShares MSCI Italy ETF	Other	+$420M	+41.9%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$8.65B	-0.9%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$6.75B	-0.8%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.91B	-50.4%
4	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.28B	-9.1%
5	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$3.17B	-22.8%
6	IAU	iShares Gold Trust	Commodity Gold	-$2.12B	-3.4%
7	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$1.88B	-1.8%
8	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.77B	-19.7%
9	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.73B	-12.9%
10	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.68B	-8.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	-$664M	-56.0%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.91B	-50.4%
3	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$978M	-44.1%
4	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$707M	-37.1%
5	TAN	Invesco Solar ETF	Other	-$524M	-34.4%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.26B	-29.3%
7	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$566M	-23.5%
8	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$3.17B	-22.8%
9	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$274M	-21.8%
10	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$477M	-20.8%

Largest ETF fund flows across ~2629 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on XLK

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About XLK

Holdings Count: 73
Expense Ratio: 0.08%
Inception Date: 1998-12-16

State Street Technology Select Sector SPDR ETF
The Select Sector SPDR Trust - State Street Technology Select Sector SPDR ETF is an exchange traded fund launched by State Street Global Advisors, Inc. It is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across information technology sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Technology Select Sector Index, by using full replication technique. The Select Sector SPDR Trust - State Street Technology Select Sector SPDR ETF was formed on December 16, 1998 and is domiciled in the United States.
Asset Class: Equity | ETF Website

	Title	Date
0	DASHBOARDS
1	XLK ETF Is A Sharper Bet Than Its Name Suggests	07/22/2026

	Title
0	ARTICLES

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NX	Quanex Building Products	1.0	22.2%	50.5%
TYRA	Tyra Biosciences	1.9	15.2%	9.0%
AEHR	Aehr Test Systems	2.8	13.1%	327.2%
SNDK	SanDisk	255.8	11.9%	633.0%
GOLD	Gold.com	1.3	11.2%	36.6%
PSIX	Power Solutions International	0.9	11.2%	-29.1%
EOSE	Eos Energy Enterprises	1.3	10.9%	-66.1%
COHU	Cohu	2.4	10.3%	118.0%
CBRS	Cerebras Systems	31.7	10.3%	-32.5%
ALAB	Astera Labs	53.5	9.8%	86.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
GWRE	Guidewire Software	13.7	-19.9%	-19.2%
LULU	Lululemon Athletica	11.6	-17.4%	-51.6%
FICO	Fair Isaac	21.1	-16.7%	-44.9%
PATH	UiPath	8.0	-16.6%	-7.3%
OXM	Oxford Industries	0.5	-15.7%	-5.2%
ABTC	American Bitcoin	0.6	-14.5%	-68.7%
ASAN	Asana	2.1	-12.7%	-35.7%
NXTT	Next Technology	0.8	-11.3%	-12.8%
BALY	Ballys	0.6	-10.7%	-44.7%
TRON	Tron	0.7	-9.8%	19.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
SMMT	Summit Therapeutics	13.7	28.2%	0.7%
TARS	Tarsus Pharmaceuticals	3.9	26.5%	10.9%
CNH	CNH Industrial	17.8	23.3%	57.7%
FRVO	Fervo Energy	2.9	23.0%	-50.3%
BE	Bloom Energy	72.6	20.0%	191.0%
EOSE	Eos Energy Enterprises	1.3	19.0%	-66.1%
NX	Quanex Building Products	1.0	18.1%	50.5%
ODTX	Odyssey Therapeutics	0.9	18.1%	75.2%
SECZ	Securitize	1.1	18.0%	-39.7%
HUT	Hut 8	11.1	17.8%	103.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ADBT	Advasa	0.2	-93.3%	-94.7%
ALMS	Alumis	1.4	-50.4%	13.7%
RARE	Ultragenyx Pharmaceutical	1.6	-40.3%	-33.5%
TRON	Tron	0.7	-28.8%	19.4%
CXM	Sprinklr	1.4	-27.6%	-24.0%
CRDO	Credo Technology	31.5	-26.7%	18.5%
ENOV	Enovis	1.1	-25.5%	-30.3%
GWRE	Guidewire Software	13.7	-21.1%	-19.2%
OXM	Oxford Industries	0.5	-19.4%	-5.2%
FICO	Fair Isaac	21.1	-19.2%	-44.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NXTT	Next Technology	0.8	532.2%	-12.8%
MRNA	Moderna	57.9	170.2%	393.6%
CAPR	Capricor Therapeutics	0.5	124.9%	-67.4%
QMCO	Quantum	0.5	111.7%	283.4%
OABI	OmniAb	0.6	93.3%	134.1%
SENS	Senseonics	0.6	87.0%	74.5%
PURR	Hyperliquid Strategies	1.5	82.6%	242.1%
HTFL	HeartFlow	4.2	79.9%	67.8%
STDN	Standard Nuclear	2.4	79.3%	19.5%
ABCL	AbCellera Biologics	3.5	75.0%	234.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ALMS	Alumis	1.4	-60.1%	13.7%
IESC	IES	12.9	-47.4%	-17.1%
LASR	nLight	2.3	-46.9%	6.8%
CDNL	Cardinal Infrastructure	0.6	-41.8%	50.7%
RARE	Ultragenyx Pharmaceutical	1.6	-40.7%	-33.5%
AADX	Applied Aerospace & Defense	1.9	-39.2%	-32.0%
AEVA	Aeva Technologies	1.0	-37.9%	18.1%
FTK	Flotek Industries	0.9	-35.4%	36.6%
LINC	Lincoln Educational Services	0.8	-34.8%	6.2%
RXT	Rackspace Technology	0.8	-33.8%	228.6%

Peer Comparisons

Peers to compare with:

Profile

	XLK	VGT	XLF	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)	123.1	160.2	55.3	44.1	40.5	32.9	49.7
Expense Ratio	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	10.84	4.63	33.53	9.94	32.93	7.41	10.39
Latest Day Volume (Mil)	2.13	1.00	9.35	2.43	8.10	2.05	2.28
Holdings Count	73	310	76	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

	XLK	VGT	XLF	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Net Asset Value	188.71	120.08	57.90	171.63	62.27	178.85	-
Premium/Discount	-0.8%	1.0%	0.3%	-0.1%	2.9%	-2.0%	0.1%
Distribution Yield	0.4%	0.4%	1.4%	1.5%	2.4%	1.2%	1.3%
Sales Yield	106.4%	63.9%	29.0%	59.4%	59.3%	33.2%	59.3%
Earnings Yield	13.6%	8.6%	6.2%	3.0%	5.8%	3.5%	6.0%

Valuation

	XLK	VGT	XLF	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
P/S (TTM)	0.9x	1.6x	3.4x	1.7x	1.7x	3.0x	1.7x
P/E (TTM)	7.4x	11.6x	16.0x	32.8x	17.3x	28.2x	16.7x
P/FCF (TTM)	3.1x	5.6x	33.9x	22.9x	16.7x	27.7x	19.8x
Forward P/E	2.7x	4.6x	15.1x	18.3x	14.4x	23.3x	14.7x
Forward P/S	0.7x	1.2x	3.4x	1.6x	1.6x	2.8x	1.6x

Risk

	XLK	VGT	XLF	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	26.2%	24.8%	14.6%	16.0%	21.7%	17.1%	19.4%
Volatility (3Y)	25.1%	24.6%	16.1%	14.7%	21.8%	16.7%	19.3%
Volatility (5Y)	25.9%	25.9%	18.4%	15.1%	25.7%	17.6%	22.0%
Beta (1Y)	1.74	1.69	0.62	0.30	-0.30	0.95	0.78
Beta (3Y)	1.49	1.49	0.78	0.46	0.46	0.91	0.85
Beta (5Y)	1.39	1.41	0.86	0.54	0.58	0.88	0.87
Sharpe Ratio (1Y)	1.50	1.47	0.64	1.54	1.89	1.00	1.49
Sharpe Ratio (3Y)	1.16	1.21	1.25	0.72	0.80	1.11	1.14
Sharpe Ratio (5Y)	0.82	0.79	0.61	0.49	1.01	0.75	0.77
Max Drawdown (1Y)	-16.0%	-16.4%	-14.8%	-10.5%	-15.6%	-12.2%	-15.2%
Max Drawdown (3Y)	-25.7%	-27.2%	-15.5%	-17.1%	-20.1%	-18.5%	-19.3%
Max Drawdown (5Y)	-33.6%	-35.1%	-25.8%	-17.1%	-26.0%	-21.6%	-25.9%

Returns

	XLK	VGT	XLF	XLV	XLE	XLI	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
1M Return	1.1%	1.4%	0.5%	4.3%	10.1%	-5.1%	1.2%
3M Return	3.9%	5.3%	11.1%	12.1%	11.1%	0.6%	8.2%
6M Return	36.6%	35.2%	15.5%	12.7%	14.0%	3.4%	14.7%
YTD Return	30.2%	29.0%	6.6%	11.2%	44.2%	13.3%	21.2%
1Y Return	43.2%	39.7%	8.8%	26.4%	47.2%	16.9%	33.0%
2Y Return	71.9%	70.6%	30.5%	12.4%	48.4%	36.7%	42.5%
3Y Return	118.3%	122.9%	75.9%	33.1%	57.6%	67.9%	71.9%

Short Interest

Short Interest: As Of Date	8142026
Short Interest: Shares Quantity	19.1 Mil
Short Interest: % Change Since 7312026	10.1%
Average Daily Volume	7.0 Mil
Days-to-Cover Short Interest	2.7 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

Prefer one of these to Trefis? Tell us why.

State Street Technology Select Sector SPDR ETF (XLK)

Market Price (9/6/2026): $187.4

State Street Technology Select Sector SPDR ETF (XLK)

Market Price (9/6/2026): $187.4

Key Takeaways

Price Chart

Asset Allocation with XLK

Valuation & Yield

Top 20 Holdings for XLK

Performance for XLK Top Holdings

Guidance Updates for XLK 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

XLK 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

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About XLK

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links