State Street Communication Services Select Sector SPDR ETF (XLC)

Market Price (10/9/2026): $110.38

State Street Communication Services Select Sector SPDR ETF (XLC)

Market Price (10/9/2026): $110.38

Key Takeaways

XLC has returned -4.2% YTD vs +14.1% for SPY; -2.2% over the past 12 months (SPY +15.9%). details →
Priced in gold, XLC has returned -23.5% over the past 3 years, vs +71.0% in dollars — its dollar gains have lagged gold. details →
Over the past month, XLC has seen net inflows of +$1.2B (+5.3% of assets). details →
Analysts expect +4% revenue growth across XLC's holdings (next fiscal year) vs +13% for SPY; expected earnings growth: -2% vs +19%. details →
XLC's portfolio trades at 14.0x forward earnings — a 78% premium to SPY (7.9x). details →

Last updated: 10/8/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with XLC

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+8.6%

Volatility

11.9%

Sharpe

0.51

YTD

-1.3%

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	XLC	25.0%	0.7%	1.9%	1.1%	-4.2%
Bond	BND	50.0%	0.3%	0.2%	-1.8%	-2.3%
Gold	GLD	10.0%	0.7%	-1.1%	-6.1%	-4.5%
Commodity	DBC	2.5%	1.2%	0.5%	0.2%	47.2%
Real Estate	VNQ	5.0%	0.7%	0.2%	-5.1%	3.8%
Bitcoin	BTCUSD	0.0%	-0.2%	-2.0%	6.2%	-5.0%
Cash	GOVT	7.5%	0.3%	0.1%	-1.9%	-2.6%
Conservative Portfolio		100.0%	0.5%	0.5%	-1.6%	-1.5%

	ETF	%	1D	1W	1M	YTD
Equity	XLC	55.0%	0.7%	1.9%	1.1%	-4.2%
Bond	BND	25.0%	0.3%	0.2%	-1.8%	-2.3%
Gold	GLD	7.0%	0.7%	-1.1%	-6.1%	-4.5%
Commodity	DBC	4.0%	1.2%	0.5%	0.2%	47.2%
Real Estate	VNQ	5.0%	0.7%	0.2%	-5.1%	3.8%
Bitcoin	BTCUSD	2.0%	-0.2%	-2.0%	6.2%	-5.0%
Cash	GOVT	2.0%	0.3%	0.1%	-1.9%	-2.6%
Moderate Portfolio		100.0%	0.6%	1.0%	-0.4%	-1.3%

	ETF	%	1D	1W	1M	YTD
Equity	XLC	80.0%	0.7%	1.9%	1.1%	-4.2%
Bond	BND	5.0%	0.3%	0.2%	-1.8%	-2.3%
Gold	GLD	3.0%	0.7%	-1.1%	-6.1%	-4.5%
Commodity	DBC	2.2%	1.2%	0.5%	0.2%	47.2%
Real Estate	VNQ	4.5%	0.7%	0.2%	-5.1%	3.8%
Bitcoin	BTCUSD	5.2%	-0.2%	-2.0%	6.2%	-5.0%
Cash	GOVT	0.0%	0.3%	0.1%	-1.9%	-2.6%
Aggressive Portfolio		100.0%	0.7%	1.4%	0.7%	-2.7%

	ETF	%	Return	Volatility	Sharpe
Equity	XLC	25.0%	0.0%	17.0%	0.44
Bond	BND	50.0%	1.1%	5.2%	-0.30
Gold	GLD	10.0%	11.6%	15.4%	0.59
Commodity	DBC	2.5%	8.3%	17.1%	0.38
Real Estate	VNQ	5.0%	4.2%	17.6%	0.14
Bitcoin	BTCUSD	0.0%	63.6%	76.0%	0.96
Cash	GOVT	7.5%	0.2%	4.9%	-0.51
Conservative Portfolio		100.0%	4.7%	7.7%	0.27

	ETF	%	Return	Volatility	Sharpe
Equity	XLC	55.0%	0.0%	17.0%	0.44
Bond	BND	25.0%	1.1%	5.2%	-0.30
Gold	GLD	7.0%	11.6%	15.4%	0.59
Commodity	DBC	4.0%	8.3%	17.1%	0.38
Real Estate	VNQ	5.0%	4.2%	17.6%	0.14
Bitcoin	BTCUSD	2.0%	63.6%	76.0%	0.96
Cash	GOVT	2.0%	0.2%	4.9%	-0.51
Moderate Portfolio		100.0%	8.6%	11.9%	0.51

	ETF	%	Return	Volatility	Sharpe
Equity	XLC	80.0%	0.0%	17.0%	0.44
Bond	BND	5.0%	1.1%	5.2%	-0.30
Gold	GLD	3.0%	11.6%	15.4%	0.59
Commodity	DBC	2.2%	8.3%	17.1%	0.38
Real Estate	VNQ	4.5%	4.2%	17.6%	0.14
Bitcoin	BTCUSD	5.2%	63.6%	76.0%	0.96
Cash	GOVT	0.0%	0.2%	4.9%	-0.51
Aggressive Portfolio		100.0%	12.4%	16.3%	0.63

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

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLC	25.0%	-37.0%	-25.5%	-19.8%
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%	-19.0%	-10.4%	-4.7%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLC	55.0%	-37.0%	-25.5%	-19.8%
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%	-26.5%	-18.6%	-12.2%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	XLC	80.0%	-37.0%	-25.5%	-19.8%
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%	-34.3%	-24.8%	-18.5%

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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Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	10/31/27	10/9/26	2025	2024	2023	2022	2021
Share Price CYE		$112.07	$117.04	$95.10	$70.59	$46.19	$74.07
Dividend/Share TTM		$1.02	$1.33	$0.96	$0.60	$0.53	$0.57
Valuation [1]
P/S	2.56	2.80	3.25	2.57	1.98	1.54	2.67
P/E		18.36	24.15	19.17	17.89	17.33	22.58
P/E (Non-GAAP) [2]	15.38	16.30	23.14	19.91	17.44	14.76	28.47
P/FCF		27.48	20.74	21.98	18.55	16.10	29.42
Yields TTM
Earnings Yield	6.50%	5.45%	4.14%	5.22%	5.59%	5.77%	4.43%
Dividend Yield	0.91%	0.91%	1.13%	1.01%	0.84%	1.15%	0.77%
Total Yield (TY)	7.41%	6.35%	5.27%	6.23%	6.43%	6.92%	5.20%
Risk Premium [3]
Risk Free Rate (Rf)	5.28%	5.28%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	2.13%	1.07%	1.09%	1.65%	2.55%	3.04%	3.68%
Growth Rates [6]
Sales Growth	4.4%	4.8%	5.8%	1.3%	5.5%	9.7%
Earnings Growth [7]	-2.0%	19.7%	12.5%	5.0%	45.7%	-36.1%

[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

XLC's earnings yield is 5.45%, based on its 18.4x trailing P/E. With a 0.91% dividend yield, XLC is yielding 6.35% in total.

RISK

Compared to US Treasuries at 5.28%, XLC's total yield implies a modest 1.07% risk premium. Modest risk premiums suggest valuations are on the full side.

FORWARD EXPECTATIONS

Based on analyst estimates, XLC's forward total yield is 7.41%, implying a 2.13% risk premium assuming stable Treasury rates.

Top 20 Holdings for XLC

Total Weights
Top 5: 52.9% | Top 10: 73.8% | Top 20: 97.7%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		94.19%	100.00%	100.00%	2.2	14.0	+4.4%	-2.0%
Top 20		92.77%	97.76%	98.54%	2.2	14.0	+4.4%	-2.1%
META	Meta Platforms	22.42%	7.08%	15.72%	6.2	20.6	+20.2%	+15.5%
GOOGL	Alphabet	11.70%	3.13%	12.75%	7.1	21.0	+23.3%	-25.8%
GOOG	Alphabet	9.39%	2.51%	10.23%	7.1	21.0	+23.3%	-25.8%
WBD	Warner Bros. Discovery	4.98%	—	—	—	—	—	—
DIS	Walt Disney	4.40%	5.93%	3.84%	1.7	13.8	+4.4%	+2.3%
T	AT&T	4.34%	8.20%	10.34%	1.3	9.4	+2.2%	+8.5%
TTWO	Take-Two Interactive Software	4.31%	1.87%	—	4.4	22.9	+6.9%	+56.1%
VZ	Verizon Communications	4.14%	7.67%	6.65%	1.3	8.8	+1.7%	+1.6%
TMUS	T-Mobile US	4.14%	5.23%	4.45%	1.9	12.8	+4.4%	+10.9%
NFLX	Netflix	3.96%	1.62%	3.40%	5.4	19.0	+11.2%	+1.1%
APP	AppLovin	3.95%	0.73%	3.49%	9.5	14.3	+26.6%	+26.4%
CMCSA	Comcast	3.94%	16.50%	11.01%	0.6	5.7	-2.0%	+7.6%
LYV	Live Nation Entertainment	3.38%	5.64%	0.22%	1.3	107.3	+9.5%	—
RDDT	Reddit	2.73%	0.64%	1.49%	7.0	23.2	+32.3%	+22.7%
OMC	Omnicom	2.57%	6.81%	0.88%	0.9	9.0	-3.4%	+13.0%
ECHO	EchoStar	1.65%	2.26%	—	2.0	14.2	-6.7%	-88.3%
FOXA	Fox	1.57%	2.56%	1.87%	1.5	10.6	+1.9%	+1.4%
CHTR	Charter Communications	1.54%	16.17%	10.89%	0.2	2.2	-1.1%	+5.8%
TKO	TKO	1.33%	1.32%	0.42%	2.3	10.6	+1.0%	+58.9%
NWSA	News	1.31%	1.89%	0.89%	1.7	20.9	+3.9%	+12.9%

[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 10/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 10/31/27.
[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 XLC Top Holdings

Ticker	Holding	Weight	Mkt Price 10/8	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
XLC	State Street Communication Services Select Sector SPDR ETF	100.00%	112.07	0.7%	0.5%	-4.2%	-2.2%	71.0%	45.4%
META	Meta Platforms	22.42%	720.89	-0.1%	17.6%	9.5%	0.8%	128.6%	120.5%	458.8%
GOOGL	Alphabet	11.70%	348.29	-0.6%	2.9%	11.5%	42.8%	154.0%	151.5%	763.7%
GOOG	Alphabet	9.39%	344.86	-0.7%	2.8%	10.1%	40.9%	149.6%	148.6%	785.9%
WBD	Warner Bros. Discovery	4.98%	30.95	0.0%	10.1%	7.4%	73.0%	193.9%	19.5%	14.5%
DIS	Walt Disney	4.40%	107.02	2.2%	1.9%	-5.2%	-3.0%	30.3%	-37.5%	25.6%
T	AT&T	4.34%	24.59	0.5%	-3.9%	2.6%	-1.9%	91.9%	58.5%	47.6%
TTWO	Take-Two Interactive Software	4.31%	209.37	2.6%	-1.8%	-18.2%	-18.9%	46.3%	20.5%	378.3%
VZ	Verizon Communications	4.14%	45.64	-0.3%	-9.5%	17.7%	18.0%	73.8%	16.2%	54.0%
TMUS	T-Mobile US	4.14%	171.31	2.2%	-5.7%	-14.3%	-22.8%	28.6%	48.6%	295.5%
NFLX	Netflix	3.96%	71.57	2.7%	-6.8%	-23.7%	-41.1%	85.4%	13.1%	592.6%
APP	AppLovin	3.95%	280.12	-0.4%	-10.2%	-58.4%	-55.5%	585.7%	224.4%
CMCSA	Comcast	3.94%	21.21	1.3%	-18.2%	-20.4%	-22.6%	-42.3%	-50.9%	-9.9%
LYV	Live Nation Entertainment	3.38%	171.34	0.3%	0.5%	20.2%	14.3%	97.0%	74.2%	517.4%
RDDT	Reddit	2.73%	156.47	2.5%	4.7%	-31.9%	-22.7%
OMC	Omnicom	2.57%	76.45	2.1%	-4.8%	-2.4%	-0.0%	13.5%	21.5%	31.4%
ECHO	EchoStar	1.65%	93.36	-4.4%	-0.1%	-14.1%	22.4%	539.9%	265.4%	142.4%
FOXA	Fox	1.57%	63.57	1.4%	-2.5%	-12.2%	6.7%	112.4%	60.1%	191.4%
CHTR	Charter Communications	1.54%	109.67	2.5%	-24.7%	-47.5%	-60.0%	-75.2%	-84.5%	-59.1%
TKO	TKO	1.33%	181.63	1.7%	-6.6%	-12.0%	-5.0%	124.5%
NWSA	News	1.31%	28.97	1.3%	-2.5%	11.7%	8.0%	46.4%	25.7%	133.0%

Guidance Updates for XLC Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
APP_8052026	APP	AppLovin	8/5/2026	Q3 2026 Revenue	2.07 Bil	7.3%	Higher NewNew Guidance Higher than Prior Actual of 1.93 Bil for Q2 2026
RDDT_7302026	RDDT	Reddit	7/30/2026	Q3 2026 Revenue	865.00 Mil	20.1%	Higher NewNew Guidance Higher than Prior Actual of 720.00 Mil for Q2 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
XLC Return	16%	-38%	53%	35%	23%	-5%	74%
Peers Return	36%	-1%	24%	18%	17%	26%	190%
S&P 500 Return	27%	-19%	24%	23%	16%	14%	108%
Monthly Win Rates [3]
XLC Win Rate	75%	42%	67%	83%	58%	50%
Peers Win Rate	72%	43%	62%	63%	63%	54%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
XLC Max Drawdown	-14%	-42%	-12%	-6%	-18%	-12%
Peers Max Drawdown	-11%	-27%	-13%	-13%	-20%	-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, XLF, XLV, XLE.
[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 10/8/2026 (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
XLC	-0.55	0.93	0.28
Equity Top Results (3Y)
IALT	2.30	2.30	2.30
VLUE	2.18	1.44	0.76
SPMO	0.89	1.43	0.86
SMH	1.69	1.38	0.95
CGDV	1.03	1.35	0.89

Results as of 9302026.

Event	XLC	S&P 500
2025 US Tariff Shock
% Loss	-17.7%	-18.8%
% Gain to Breakeven	21.5%	23.1%
Time to Breakeven	63 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-38.7%	-24.5%
% Gain to Breakeven	63.1%	32.4%
Time to Breakeven	470 days	427 days
2020 COVID-19 Crash
% Loss	-30.1%	-33.7%
% Gain to Breakeven	43.2%	50.9%
Time to Breakeven	112 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-20.2%	-19.2%
% Gain to Breakeven	25.3%	23.8%
Time to Breakeven	109 days	105 days

Compare to VGT, XLK, XLF, XLV, XLE

In The Past

State Street Communication Services Select Sector SPDR ETF's stock fell -17.7% during the 2025 US Tariff Shock. Such a loss loss requires a 21.5% 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	XLC	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-38.7%	-24.5%
% Gain to Breakeven	63.1%	32.4%
Time to Breakeven	470 days	427 days
2020 COVID-19 Crash
% Loss	-30.1%	-33.7%
% Gain to Breakeven	43.2%	50.9%
Time to Breakeven	112 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-20.2%	-19.2%
% Gain to Breakeven	25.3%	23.8%
Time to Breakeven	109 days	105 days

Compare to VGT, XLK, XLF, XLV, XLE

In The Past

State Street Communication Services Select Sector SPDR ETF's stock fell -17.7% during the 2025 US Tariff Shock. Such a loss loss requires a 21.5% 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.

XLC Dip Buy History

XLC had 7 events since 6/19/2018 where the dip threshold of -5.0% within 60 trading days was triggered

28% median peak return within 1 year of dip event
323 days is the median time to peak return after a dip event
-19% median max drawdown within 1 year of dip event

60 Trading-Day Dip			XLC Subsequent Performance
Date	XLC	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			21%	28%	-19%	323
7/14/2026	-6%	7%			-5%	62
3/24/2026	-6%	-5%			-5%	24
3/13/2025	-7%	-8%	21%	28%	-9%	323
10/25/2023	-6%	-8%	42%	42%	-3%	359
11/22/2021	-7%	4%	-36%	1%	-42%	35
3/6/2020	-5%	-5%	47%	49%	-19%	348
10/4/2018	-5%	5%	3%	8%	-19%	295

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/8/2026

XLC had 5 events since 6/19/2018 where the dip threshold of -10% within 90 trading days was triggered

17% median peak return within 1 year of dip event
273 days is the median time to peak return after a dip event
-12% median max drawdown within 1 year of dip event

90 Trading-Day Dip			XLC Subsequent Performance
Date	XLC	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			14%	17%	-12%	273
4/8/2025	-11%	-16%	37%	41%	0%	297
1/6/2022	-10%	4%	-33%	1%	-40%	6
12/1/2021	-12%	2%	-29%	7%	-38%	26
3/12/2020	-16%	-18%	78%	78%	-5%	364
10/26/2018	-12%	-3%	14%	17%	-12%	273

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/8/2026

XLC had 2 events since 6/19/2018 where the dip threshold of -20% within 180 trading days was triggered

6.2% median peak return within 1 year of dip event
10.5 days is the median time to peak return after a dip event
-29% median max drawdown within 1 year of dip event

180 Trading-Day Dip			XLC Subsequent Performance
Date	XLC	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-12%	6%	-29%	10
4/20/2022	-21%	2%	-10%	0%	-29%	0
3/14/2022	-21%	-2%	-14%	12%	-28%	21

[1] Dip event: the stock fell more than 20% over 180 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/8/2026

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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
DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	-5.7%	511.65	10082026	542.36	8052026	64
IJH	iShares Core S&P Mid-Cap ETF	-7.2%	73.03	10082026	78.67	8162026	53
IWR	iShares Russell Mid-Cap ETF	-5.2%	108.87	10082026	114.82	8162026	53
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-7.1%	666.26	10082026	716.91	8162026	53
SCHM	Schwab U.S. Mid-Cap ETF	-6.5%	34.47	10082026	36.87	6302026	100
IVOO	Vanguard S&P Mid-Cap 400 ETF	-6.9%	123.57	10082026	132.68	8162026	53
IJR	iShares Core S&P Small-Cap ETF	-8.7%	137.31	10082026	150.44	8162026	53
VB	Vanguard Small-Cap ETF	-6.7%	287.63	10082026	308.38	8162026	53
IWM	iShares Russell 2000 ETF	-9.0%	277.57	10082026	305.09	8162026	53
SCHA	Schwab U.S. Small-Cap ETF	-9.6%	32.66	10082026	36.13	6302026	100
VTWO	Vanguard Russell 2000 ETF	-8.8%	112.10	10082026	122.90	8162026	53
DFAS	Dimensional U.S. Small Cap ETF	-7.6%	78.10	10082026	84.48	8162026	53
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-7.4%	52.43	10082026	56.64	8162026	53
NUSC	Nuveen ESG Small-Cap ETF	-8.0%	48.99	10082026	53.27	8162026	53
AKRE	Akre Focus ETF	-12.7%	54.02	10082026	61.85	8302026	39
VOT	Vanguard Mid-Cap Growth ETF	-5.0%	297.86	10082026	313.61	8162026	53
IJK	iShares S&P Mid-Cap 400 Growth ETF	-6.9%	110.90	10082026	119.11	8172026	52
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-6.9%	105.82	10082026	113.69	8172026	52
IWO	iShares Russell 2000 Growth ETF	-10.7%	353.47	10082026	395.65	8162026	53
VBK	Vanguard Small-Cap Growth ETF	-6.9%	340.59	10082026	365.91	8172026	52
IJT	iShares S&P Small-Cap 600 Growth ETF	-9.8%	161.45	10082026	179.07	8042026	65
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-9.8%	107.82	10082026	119.50	8042026	65
IWS	iShares Russell Mid-Cap Value ETF	-5.5%	163.89	10082026	173.44	8162026	53
IJJ	iShares S&P Mid-Cap 400 Value ETF	-7.6%	140.20	10082026	151.67	8162026	53
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	-7.5%	90.09	10082026	97.39	8162026	53
VBR	Vanguard Small-Cap Value ETF	-6.6%	233.91	10082026	250.56	8162026	53
AVUV	Avantis U.S. Small Cap Value ETF	-6.7%	120.13	10082026	128.74	8042026	65
IWN	iShares Russell 2000 Value ETF	-7.2%	210.95	10082026	227.43	8162026	53
IJS	iShares S&P Small-Cap 600 Value ETF	-7.9%	129.59	10082026	140.68	8162026	53
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-7.9%	103.31	10082026	112.22	8162026	53
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-7.5%	111.25	10082026	120.28	8162026	53
VEA	Vanguard FTSE Developed Markets ETF	-5.1%	69.86	10082026	73.61	8252026	44
IEFA	iShares Core MSCI EAFE ETF	-5.5%	95.87	10082026	101.41	8252026	44
EFA	iShares MSCI EAFE ETF	-5.6%	102.70	10082026	108.81	8252026	44
SCHF	Schwab International Equity ETF	-5.2%	27.09	10082026	28.59	8252026	44
FNDF	Schwab Fundamental International Equity ETF	-5.2%	53.37	10082026	56.31	9072026	31
EFV	iShares MSCI EAFE Value ETF	-6.2%	77.97	10082026	83.08	9032026	35
AVIV	Avantis International Large Cap Value ETF	-6.2%	78.73	10082026	83.89	8252026	44
VGK	Vanguard FTSE Europe ETF	-8.1%	85.43	10082026	92.96	8252026	44
SCHC	Schwab International Small-Cap Equity ETF	-5.4%	49.06	10082026	51.86	8272026	42
IEMG	iShares Core MSCI Emerging Markets ETF	-6.4%	80.50	10082026	86.00	6222026	108
EEM	iShares MSCI Emerging Markets ETF	-7.2%	66.10	10082026	71.21	6222026	108
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-13.8%	32.14	10082026	37.30	6222026	108
EWY	iShares MSCI South Korea ETF	-19.6%	176.29	10082026	219.20	6212026	109
FXI	iShares China Large-Cap ETF	-12.6%	33.45	10082026	38.26	5132026	148
KWEB	KraneShares CSI China Internet ETF	-21.5%	24.02	10082026	30.59	5132026	148
SCHD	Schwab US Dividend Equity ETF	-5.9%	33.15	10082026	35.21	8242026	45
DVY	iShares Select Dividend ETF	-6.1%	155.43	10082026	165.50	8162026	53
SDY	State Street SPDR S&P Dividend ETF	-6.2%	149.37	10082026	159.18	8242026	45
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-6.8%	55.05	10082026	59.07	8242026	45
SCHY	Schwab International Dividend Equity ETF	-6.7%	31.52	10082026	33.78	8252026	44
MTUM	iShares MSCI USA Momentum Factor ETF	-8.1%	317.32	10082026	345.22	6222026	108
SPHQ	Invesco S&P 500 Quality ETF	-5.1%	85.50	10082026	90.10	6302026	100
FNDA	Schwab Fundamental U.S. Small Company ETF	-7.7%	35.56	10082026	38.52	8162026	53
SPMO	Invesco S&P 500 Momentum ETF	-6.7%	150.84	10082026	161.66	6222026	108
MOAT	VanEck Morningstar Wide Moat ETF	-5.9%	108.39	10082026	115.14	8272026	42
SPGP	Invesco S&P 500 GARP ETF	-5.6%	121.85	10082026	129.02	8132026	56
ARKK	ARK Innovation ETF	-5.6%	87.60	10082026	92.78	10052026	3
URA	Global X Uranium ETF	-33.8%	38.56	10082026	58.26	5062026	155
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-16.3%	34.83	10082026	41.63	5132026	148
ROBO	ROBO Global Robotics & Automation Index ETF	-11.4%	80.08	10082026	90.34	6022026	128
LIT	Global X Lithium & Battery Tech ETF	-24.7%	69.02	10082026	91.62	5112026	150
ICLN	iShares Global Clean Energy ETF	-27.9%	17.12	10082026	23.75	6022026	128
ARKQ	ARK Autonomous Technology & Robotics ETF	-14.8%	122.47	10082026	143.82	5282026	133
ARKX	ARK Space & Defense Innovation ETF	-15.0%	32.07	10082026	37.74	5282026	133
NASA	Tema Space Innovators ETF	-42.4%	24.13	10082026	41.89	5272026	134
DRSK	Aptus Defined Risk ETF	-7.2%	27.26	10082026	29.39	6012026	129
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-5.7%	28.70	10082026	30.44	8252026	44
PCEF	Invesco CEF Income Composite ETF	-5.8%	19.29	10082026	20.47	8132026	56
YYY	Amplify CEF High Income ETF	-9.3%	10.31	10082026	11.37	8162026	53
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-10.2%	64.00	10082026	71.30	8252026	44
RAAX	VanEck Real Assets ETF	-5.2%	40.49	10082026	42.70	5112026	150
XLF	State Street Financial Select Sector SPDR ETF	-7.4%	54.23	10082026	58.56	9032026	35
XLI	State Street Industrial Select Sector SPDR ETF	-9.7%	168.40	10082026	186.51	8162026	53
XLC	State Street Communication Services Select Sector SPDR ETF	-5.7%	112.07	10082026	118.79	4192026	172
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-8.3%	111.71	10082026	121.82	5282026	133
XLU	State Street Utilities Select Sector SPDR ETF	-12.3%	41.07	10082026	46.85	4092026	182
XLB	State Street Materials Select Sector SPDR ETF	-8.2%	49.27	10082026	53.67	8262026	43
IYJ	iShares U.S. Industrials ETF	-8.3%	155.70	10082026	169.86	8042026	65
IYM	iShares U.S. Basic Materials ETF	-8.5%	179.77	10082026	196.45	8252026	44
SMH	VanEck Semiconductor ETF	-9.2%	607.27	10082026	668.91	6222026	108
SOXX	iShares Semiconductor ETF	-14.0%	563.28	10082026	655.01	6222026	108
IBB	iShares Biotechnology ETF	-7.6%	200.48	10082026	216.96	8192026	50
XBI	State Street SPDR S&P Biotech ETF	-11.9%	149.29	10082026	169.55	8192026	50
ITA	iShares U.S. Aerospace & Defense ETF	-19.1%	204.88	10082026	253.22	8162026	53
IYT	iShares U.S. Transportation ETF	-11.2%	79.94	10082026	90.01	7162026	84
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-11.0%	176.30	10082026	198.06	9032026	35
KRE	State Street SPDR S&P Regional Banking ETF	-10.7%	69.59	10082026	77.93	8162026	53
MISL	First Trust Indxx Aerospace & Defense ETF	-15.1%	41.76	10082026	49.19	5282026	133
RING	iShares MSCI Global Gold Miners ETF	-18.5%	75.89	10082026	93.17	8252026	44
SOXQ	Invesco PHLX Semiconductor ETF	-13.6%	99.42	10082026	115.11	6222026	108
IGOV	iShares International Treasury Bond ETF	-6.0%	39.73	10082026	42.27	5102026	151
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-5.1%	102.47	10082026	107.93	6292026	101
TLT	iShares 20+ Year Treasury Bond ETF	-9.6%	77.87	10082026	86.10	6292026	101
VGLT	Vanguard Long-Term Treasury ETF	-8.7%	50.14	10082026	54.89	6292026	101
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-8.7%	23.85	10082026	26.13	6292026	101
TLH	iShares 10-20 Year Treasury Bond ETF	-7.7%	92.11	10082026	99.78	6292026	101
EDV	Vanguard World Funds Extended Duration ETF	-14.8%	55.02	10082026	64.54	6242026	106
VCLT	Vanguard Long-Term Corporate Bond ETF	-7.7%	68.71	10082026	74.47	6292026	101
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-7.9%	20.44	10082026	22.18	6292026	101
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-7.6%	45.77	10082026	49.56	6292026	101
MUB	iShares National Muni Bond ETF	-5.6%	100.74	10082026	106.69	7062026	94
VTEB	Vanguard Tax-Exempt Bond Index Fund	-5.9%	47.13	10082026	50.10	7062026	94
TFI	State Street SPDR Nuveen ICE Municipal Bond ETF	-6.1%	42.55	10082026	45.31	7052026	95
ITM	VanEck Intermediate Muni ETF	-5.6%	44.04	10082026	46.65	7062026	94
LMUB	iShares Long-Term National Muni Bond ETF	-8.9%	46.14	10082026	50.63	7052026	95
GLD	SPDR Gold Trust	-15.1%	378.62	10082026	445.93	4192026	172
IAU	iShares Gold Trust	-15.0%	77.66	10082026	91.34	4192026	172
GLDM	SPDR Gold MiniShares Trust	-14.9%	81.72	10082026	96.04	4192026	172
SLV	iShares Silver Trust	-32.6%	53.45	10082026	79.35	5132026	148
PPLT	ETFS Physical Platinum Shares	-24.2%	14.82	10082026	19.55	5132026	148
PALL	ETFS Physical Palladium Shares	-29.1%	20.49	10082026	28.89	4142026	177
USO	United States Oil Fund LP	-8.8%	147.58	10082026	161.86	9152026	23
UNG	United States Natural Gas Fund LP	-10.8%	10.81	10082026	12.12	6042026	126
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	10082026	60.13	5042026	157
VNQ	Vanguard Real Estate ETF	-10.7%	89.35	10082026	100.08	7282026	72
XLRE	State Street Real Estate Select Sector SPDR ETF	-11.2%	40.85	10082026	46.01	7282026	72
SCHH	Schwab U.S. REIT ETF	-11.9%	21.89	10082026	24.86	7262026	74
IYR	iShares U.S. Real Estate ETF	-11.7%	94.67	10082026	107.26	7282026	72
REET	iShares Global REIT ETF	-11.7%	25.51	10082026	28.89	7262026	74
USRT	iShares Core U.S. REIT ETF	-12.5%	61.11	10082026	69.82	7262026	74
IBIT	iShares Bitcoin Trust ETF	-5.6%	46.26	10082026	49.01	9212026	17
FBTC	Fidelity Wise Origin Bitcoin Fund	-5.6%	71.08	10082026	75.31	9212026	17
ETHA	iShares Ethereum Trust ETF	-7.9%	55.70	10082026	60.45	9282026	10

ETF Fund Flows

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

Net fund flows · as of 2026-10-08

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$14.2B), followed by Bond (+$7.5B), while Crypto (−$897M) saw the largest outflows.
Within the mix, money rotated into Broad Sector (+$5.1B) and out of Thematic (−$2.2B).
Relative to fund size, CNEQ drew the largest inflow (+18.8% of AUM) and ARKK 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	+$6.92B	+0.7%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$2.16B	+1.2%
3	XLK	State Street Technology Select Sector SPDR ETF	Equity Broad Sector	+$1.49B	+1.1%
4	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$1.49B	+12.6%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.09B	+0.2%
6	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$1.02B	+0.6%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$929M	+0.8%
8	USFR	WisdomTree Floating Rate Treasury Fund	Cash	+$912M	+4.4%
9	MUB	iShares National Muni Bond ETF	Bond Municipal	+$894M	+1.9%
10	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	+$828M	+1.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$637M	+18.8%
2	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$1.49B	+12.6%
3	AIS	VistaShares Artificial Intelligence Supercycle ETF	Other	+$149M	+12.2%
4	USO	United States Oil Fund, LP	Commodity Energy	+$219M	+11.9%
5	EVLN	Eaton Vance Floating-Rate ETF	Other	+$150M	+8.9%
6	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$100M	+8.4%
7	VPLS	Vanguard Core-Plus Bond ETF	Other	+$168M	+7.9%
8	ALAI	Alger AI Enablers & Adopters ETF	Other	+$104M	+7.6%
9	TCAF	T. Rowe Capital Appreciation Equity ETF	Other	+$682M	+7.6%
10	POCT	Innovator U.S. Equity Power Buffer ETF	Other	+$75M	+7.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$3.12B	-0.4%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$2.46B	-0.3%
3	ARKK	ARK Innovation ETF	Equity Thematic	-$2.16B	-22.9%
4	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.68B	-2.2%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.22B	-6.2%
6	IYW	iShares U.S. Technology ETF	Other	-$815M	-3.0%
7	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$768M	-1.7%
8	DRAM	Roundhill Memory ETF	Other	-$712M	-2.8%
9	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$631M	-3.5%
10	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$517M	-8.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	ARKK	ARK Innovation ETF	Equity Thematic	-$2.16B	-22.9%
2	IWX	iShares Russell Top 200 Value ETF	Other	-$375M	-11.3%
3	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$517M	-8.8%
4	TBLL	Invesco Short Term Treasury ETF	Other	-$241M	-8.3%
5	GSID	Goldman Sachs MarketBeta International Equity ETF	Other	-$82M	-8.1%
6	VFMF	Vanguard U.S. Multifactor ETF	Other	-$65M	-6.4%
7	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.22B	-6.2%
8	VAW	Vanguard Materials ETF	Other	-$152M	-5.1%
9	ARKW	ARK Next Generation Internet ETF	Equity Thematic	-$113M	-5.0%
10	ETHA	iShares Ethereum Trust ETF	Crypto	-$399M	-4.4%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$61.8B), followed by Bond (+$31.2B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$16.4B) and out of Factor Smart Beta (−$3.8B).
Relative to fund size, ACWX drew the largest inflow (+44.6% of AUM) and BKAG the largest outflow (−37.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$22.85B	+2.6%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$10.48B	+6.0%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$6.31B	+5.7%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$6.23B	+0.9%
5	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$5.85B	+12.5%
6	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.63B	+44.6%
7	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.96B	+39.4%
8	MUB	iShares National Muni Bond ETF	Bond Municipal	+$4.96B	+10.8%
9	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$4.84B	+10.3%
10	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	+$4.02B	+8.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.63B	+44.6%
2	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.36B	+42.9%
3	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.96B	+39.4%
4	CNEQ	Alger Concentrated Equity ETF	Other	+$1.17B	+37.2%
5	GGOV	iShares Global Government Bond USD Hedged Active ETF	Bond International	+$1.02B	+32.8%
6	BLCR	iShares Large Cap Core Active ETF	Other	+$2.76B	+31.2%
7	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$503M	+29.9%
8	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$309M	+28.4%
9	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$474M	+24.1%
10	DBMF	iMGP DBi Managed Futures Strategy ETF	Other	+$1.21B	+23.6%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$19.49B	-1.8%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.3B	-24.8%
3	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.67B	-7.1%
4	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.21B	-8.1%
5	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	-$1.87B	-7.0%
6	DRAM	Roundhill Memory ETF	Other	-$1.62B	-6.2%
7	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.52B	-2.1%
8	EFG	iShares MSCI EAFE Growth ETF	Other	-$1.36B	-8.4%
9	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.28B	-4.6%
10	VCIT	Vanguard Intermediate-Term Corporate Bond ETF	Bond Intermediate Corporate	-$1.19B	-1.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	BKAG	BNY Mellon Core Bond ETF	Other	-$894M	-37.0%
2	MTBA	Simplify MBS ETF	Other	-$367M	-30.2%
3	SCMB	Schwab Municipal Bond ETF	Other	-$921M	-28.2%
4	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.3B	-24.8%
5	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	-$906M	-19.9%
6	CTA	Simplify Managed Futures Strategy ETF	Other	-$221M	-15.5%
7	IYZ	iShares U.S. Telecommunications ETF	Other	-$164M	-15.0%
8	ARKB	ARK 21Shares Bitcoin ETF	Other	-$407M	-14.5%
9	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$965M	-14.4%
10	IWX	iShares Russell Top 200 Value ETF	Other	-$552M	-14.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$140.0B), followed by Bond (+$65.6B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$27.6B) and out of Intermediate Treasury (−$3.9B).
Relative to fund size, CNEQ drew the largest inflow (+157.7% of AUM) and FTXL the largest outflow (−69.7%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$29.35B	+2.8%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$17.09B	+16.3%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$16.81B	+9.9%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$16.46B	+2.4%
5	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$10.3B	+9.5%
6	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$10.28B	+22.3%
7	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$8.23B	+1.0%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$8.21B	+7.9%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$8.15B	+5.0%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$7.69B	+4.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$3.02B	+157.7%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$1.25B	+79.8% ⚠
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.32B	+78.8%
4	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.81B	+77.9%
5	BFLX	iShares Flexible Equity Active ETF	Other	+$1.42B	+69.0%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.5B	+66.2%
7	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$845M	+61.4%
8	ARKK	ARK Innovation ETF	Equity Thematic	+$3.83B	+59.7% ⚠
9	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$843M	+51.4%
10	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$6.29B	+50.9%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$27.08B	-3.1%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.84B	-27.5%
3	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$5.89B	-18.0%
4	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.51B	-8.2%
5	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.09B	-7.3%
6	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.02B	-5.2%
7	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.76B	-3.2%
8	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.51B	-10.8%
9	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$1.5B	-22.0%
10	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.38B	-1.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$928M	-69.7%
2	USO	United States Oil Fund, LP	Commodity Energy	-$858M	-42.6%
3	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$792M	-41.2%
4	TAN	Invesco Solar ETF	Other	-$445M	-35.8%
5	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$614M	-34.4%
6	MTBA	Simplify MBS ETF	Other	-$463M	-31.8%
7	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$1.34B	-31.4%
8	RSPN	Invesco S&P 500 Equal Weight Industrials ETF	Other	-$330M	-31.2%
9	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.84B	-27.5%
10	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$336M	-27.1%

Largest ETF fund flows across ~2646 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 XLC

Holdings Count: 23
Expense Ratio: 0.08%
Inception Date: 2018-06-18

State Street Communication Services Select Sector SPDR ETF
The State Street Communication Services Select Sector SPDR ETF (XLC) is designed to mirror the price appreciation and dividend yield of the Communication Services Select Sector Index, prior to accounting for expenses. This underlying index is structured to accurately reflect the communication services industry segment found within the S&P 500 Index. The ETF offers focused investment exposure to companies engaged in telecommunication services, media, entertainment, and interactive media and services, thereby enabling investors to make more precise strategic or tactical allocations than traditional style-based investment strategies typically allow.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PCRX	Pacira BioSciences	1.4	44.4%	40.6%
HAE	Haemonetics	5.4	17.5%	49.1%
MANE	Veradermics	5.1	14.1%	235.4%
ACRS	Aclaris Therapeutics	0.5	11.5%	25.9%
SECZ	Securitize	1.9	11.1%	2.9%
COCO	Vita Coco	3.2	10.5%	5.6%
MAX	MediaAlpha	0.6	10.4%	-17.5%
ERAS	Erasca	4.8	9.5%	315.6%
CSGP	CoStar	12.0	8.0%	-55.7%
NRDS	Nerdwallet	0.6	7.8%	-27.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ANGO	AngioDynamics	0.5	-20.9%	-12.5%
PACB	Pacific Biosciences of California	0.7	-15.4%	23.0%
GLAS	Glass House Brands	0.4	-14.0%	-50.2%
AAOI	Applied Optoelectronics	8.6	-13.6%	203.8%
SHAZ	SharonAI	0.7	-13.5%	-57.8%
MXL	MaxLinear	8.4	-12.7%	437.6%
NUAI	New Era Energy & Digital	0.5	-12.7%	64.8%
BRUN	Boost Run	0.7	-12.0%	-42.3%
EQPT	EquipmentShare.com	4.0	-11.4%	-51.9%
HUT	Hut 8	9.4	-10.9%	73.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PCRX	Pacira BioSciences	1.4	45.5%	40.6%
OPCH	Option Care Health	4.7	37.5%	-2.5%
RXO	RXO	4.9	35.4%	128.9%
PTC	PTC	22.2	32.3%	11.2%
PENG	Penguin Solutions	3.6	30.2%	265.9%
LW	Lamb Weston	6.8	20.1%	21.0%
PRME	Prime Medicine	0.6	19.7%	3.2%
QDEL	QuidelOrtho	0.8	19.6%	-56.5%
SOC	Sable Offshore	0.6	17.3%	-57.2%
PCVX	Vaxcyte	9.4	16.0%	40.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVBP	ArriVent BioPharma	0.8	-42.2%	-16.9%
ANGO	AngioDynamics	0.5	-25.7%	-12.5%
NUAI	New Era Energy & Digital	0.5	-24.2%	64.8%
BRUN	Boost Run	0.7	-23.9%	-42.3%
SHAZ	SharonAI	0.7	-21.7%	-57.8%
EMAT	Evolution Metals & Technologies	1.1	-21.1%	-92.0%
ALMR	Alamar Biosciences	1.5	-20.2%	17.8%
APMD	Apnimed	0.7	-19.2%	-27.1%
TWST	Twist Bioscience	9.5	-19.1%	379.4%
STX	Seagate Technology	174.3	-18.1%	182.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MYPS	PLAYSTUDIOS	0.5	772.2%	548.8%
KOD	Kodiak Sciences	5.9	179.0%	237.1%
PACB	Pacific Biosciences of California	0.7	78.3%	23.0%
GRAL	GRAIL	5.7	71.2%	54.9%
DNA	Ginkgo Bioworks	0.7	67.0%	36.5%
IOVA	Iovance Biotherapeutics	6.0	57.9%	387.5%
BALY	Ballys	0.8	57.5%	-15.4%
P	Everpure	50.1	55.1%	124.8%
PTC	PTC	22.2	50.3%	11.2%
SECZ	Securitize	1.9	50.2%	2.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CTVA	Corteva	9.2	-83.8%	-79.3%
LQDA	Liquidia	2.5	-59.5%	-18.8%
XNDU	Xanadu Quantum Technologies	1.2	-54.5%	-64.2%
QURE	uniQure	1.5	-51.0%	-5.8%
EMAT	Evolution Metals & Technologies	1.1	-46.9%	-92.0%
GLAS	Glass House Brands	0.4	-45.8%	-50.2%
NKTR	Nektar Therapeutics	1.3	-44.4%	-3.5%
AVBP	ArriVent BioPharma	0.8	-43.9%	-16.9%
XENE	Xenon Pharmaceuticals	3.6	-38.7%	-19.3%
SWRD	Stewards	0.5	-38.0%	-50.2%

Peer Comparisons

Peers to compare with:

Profile

	XLC	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	22.8	170.2	130.2	50.0	42.8	40.2	46.4
Expense Ratio	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	6.05	4.46	9.63	34.53	9.57	31.74	9.60
Latest Day Volume (Mil)	5.59	4.29	8.93	30.27	7.14	29.22	8.03
Holdings Count	23	310	74	76	61	21	68
Inception Date	6/18/2018	1/26/2004	12/16/1998	12/16/1998	12/16/1998	12/16/1998	-

Fundamentals

	XLC	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Net Asset Value	110.28	129.16	199.82	53.46	166.09	62.82	-
Premium/Discount	1.6%	-1.5%	-1.0%	1.4%	1.2%	3.9%	1.3%
Distribution Yield	1.2%	0.3%	0.4%	1.5%	1.5%	2.3%	1.4%
Sales Yield	41.9%	76.1%	91.7%	30.9%	60.5%	55.4%	57.9%
Earnings Yield	5.6%	10.0%	11.9%	6.7%	3.1%	5.5%	6.1%

Valuation

	XLC	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
P/S (TTM)	2.4x	1.3x	1.1x	3.2x	1.7x	1.8x	1.7x
P/E (TTM)	17.8x	10.0x	8.4x	15.0x	32.2x	18.2x	16.4x
P/FCF (TTM)	19.4x	4.6x	3.6x	32.8x	22.4x	17.6x	18.5x
Forward P/E	14.0x	3.7x	2.9x	14.0x	17.8x	14.1x	14.0x
Forward P/S	2.2x	1.0x	0.8x	3.1x	1.6x	1.7x	1.6x

Risk

	XLC	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	15.9%	25.0%	26.5%	14.8%	15.7%	22.1%	19.0%
Volatility (3Y)	17.1%	24.6%	25.1%	16.1%	14.8%	21.9%	19.5%
Volatility (5Y)	21.0%	25.9%	25.9%	18.3%	15.2%	25.5%	23.3%
Beta (1Y)	0.68	1.68	1.73	0.61	0.29	-0.30	0.65
Beta (3Y)	0.87	1.49	1.50	0.78	0.45	0.44	0.83
Beta (5Y)	1.02	1.42	1.40	0.85	0.54	0.57	0.94
Sharpe Ratio (1Y)	-0.09	1.34	1.37	0.21	1.13	1.91	1.24
Sharpe Ratio (3Y)	1.20	1.37	1.33	1.24	0.80	0.83	1.22
Sharpe Ratio (5Y)	0.47	0.87	0.91	0.58	0.54	0.98	0.73
Max Drawdown (1Y)	-11.7%	-16.4%	-15.9%	-14.8%	-10.5%	-15.0%	-14.9%
Max Drawdown (3Y)	-18.0%	-27.2%	-25.7%	-15.5%	-17.1%	-20.1%	-19.1%
Max Drawdown (5Y)	-44.2%	-35.1%	-33.6%	-25.8%	-17.1%	-26.0%	-29.8%

Returns

	XLC	VGT	XLK	XLF	XLV	XLE	Median
Name	State Stre.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
1M Return	1.1%	5.4%	5.3%	-5.0%	0.9%	-0.1%	1.0%
3M Return	0.4%	7.9%	6.5%	-2.7%	4.6%	18.4%	5.5%
6M Return	-1.7%	37.9%	39.4%	6.0%	13.1%	14.6%	13.9%
YTD Return	-4.2%	35.5%	37.7%	-0.1%	9.6%	47.9%	22.5%
1Y Return	-2.6%	35.4%	39.0%	2.1%	18.1%	49.1%	26.7%
2Y Return	27.3%	77.8%	79.4%	24.1%	14.4%	49.3%	38.3%
3Y Return	77.4%	151.8%	147.2%	74.9%	38.2%	61.1%	76.2%

Short Interest

Short Interest: As Of Date	9152026
Short Interest: Shares Quantity	5.2 Mil
Short Interest: % Change Since 8312026	-20.2%
Average Daily Volume	4.6 Mil
Days-to-Cover Short Interest	1.2 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 Communication Services Select Sector SPDR ETF (XLC)

Market Price (10/9/2026): $110.38

State Street Communication Services Select Sector SPDR ETF (XLC)

Market Price (10/9/2026): $110.38

Key Takeaways

Price Chart

Asset Allocation with XLC

Valuation & Yield

Top 20 Holdings for XLC

Performance for XLC Top Holdings

Guidance Updates for XLC 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

XLC 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

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Inform Me Once

About XLC

Latest Trefis Analyses

Recent Active Movers

Top Gainers

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Top Gainers

Top Losers

Top Gainers

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