XSW: STATE STREET(R) SPDR(R) S&P(R) SOFTWARE & SERVICES ETF
Share-split context: A forward split was recorded on Sep 11, 2015 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
ETF Education Report: XSW
What this ETF is trying to do
The State Street(R) SPDR(R) S&P(R) Software & Services ETF (XSW) is an exchange-traded fund that focuses on the software and services industry. It holds a variety of companies within this sector. Because it tracks many different companies, it provides exposure to the software industry rather than just one single business.
What the numbers show
The current price of XSW is $199.92. When looking at how the fund has performed, we look at two different things: price return and total return. Price return only tracks the change in the share price. Total return includes both the price change and any cash distributions paid out.
For this ETF, the numbers are:
• Year-to-Date (YTD) Price Return: Approximately 6.83%
• Year-to-Date (YTD) Total Return: Approximately 6.83%
• One-Year Price Return: Approximately 0.75%
• One-Year Total Return: Approximately 0.75%
• Three-Year Price Return: Approximately 57.53%
• Three-Year Total Return: Approximately 57.81%
Note that this ETF has a history of "forward splits." A forward split means each old share became multiple new shares. This makes the price per share look lower, but it does not change how much of the fund you own. The returns listed above are "split-adjusted," meaning they have been corrected so you can see the true performance history.
Income and distribution explanation
Some investors look for ETFs that pay them regular cash, known as distributions. For XSW, no distributions were detected in the last 12 months. The distribution yield is 0%. This means the fund has not been paying out cash to shareholders recently.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly over time. It is important to know that a falling share price does not always mean NAV erosion is happening.
StockValueFinder uses an "erosion-risk score" to measure this risk. XSW has an erosion score of 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag for this ETF.
Top Holdings
The following are some of the top holdings in this fund. Please note that this is a partial list and holdings can change over time:
• Rubrik Inc Class A (0.96%)
• Netskope Inc Ordinary Shares Class A (0.95%)
• Zscaler Inc (0.95%)
• Crowdstrike Holdings Inc Class A (0.93%)
• Five9 Inc (0.92%)
• Rapid7 Inc (0.92%)
• SentinelOne Inc Class A (0.92%)
• Sailpoint Inc (0.90%)
• Strategy Inc Class A (0.90%)
• Palo Alto Networks Inc (0.87%)
Pros
• The fund shows a strong three-year total return of approximately 57.81%.
• The erosion-risk score suggests the fund is currently stable.
Cons
• The one-year price return has been relatively low at approximately 0.75%.
• There are no recent cash distributions for investors seeking regular income.
Beginner takeaway
XSW is a fund focused on the software sector. While it has shown significant growth over the last three years, its one-year performance has been much flatter. It is currently categorized as having a stable erosion-risk profile, but it does not currently provide cash distributions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | RUBRIK INC CLASS A SHARES | RBRK | 0.96% |
| 2 | NETSKOPE INC ORDINARY SHARES CLASS A | NTSK | 0.95% |
| 3 | ZSCALER INC | ZS | 0.95% |
| 4 | CROWDSTRIKE HOLDINGS INC CLASS A | CRWD | 0.93% |
| 5 | FIVE9 INC | FIVN | 0.92% |
| 6 | RAPID7 INC | RPD | 0.92% |
| 7 | SENTINELONE INC CLASS A | S | 0.92% |
| 8 | SAILPOINT INC | SAIL | 0.90% |
| 9 | STRATEGY INC CLASS A | MSTR | 0.90% |
| 10 | PALO ALTO NETWORKS INC | PANW | 0.87% |