Technology Select Sector Etf Profile

XLK Etf  USD 226.10  5.23  2.37%   

Performance

14 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 9

 
High
 
Low
Low
Technology Select is selling for 226.10 as of the 23rd of July 2024. This is a 2.37 percent increase since the beginning of the trading day. The etf's last reported lowest price was 222.86. Technology Select has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Technology Select Sector are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of December 2022 and ending today, the 23rd of July 2024. Click here to learn more.
In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.. More on Technology Select Sector

Moving together with Technology Etf

  1.0VGT Vanguard InformationPairCorr
  1.0IYW iShares Technology ETFPairCorr
  0.98SMH VanEck Semiconductor ETFPairCorr
  0.98SOXX iShares Semiconductor ETFPairCorr
  0.75CIBR First Trust NASDAQPairCorr

Moving against Technology Etf

  0.78FXY Invesco CurrencySharesPairCorr

Technology Etf Highlights

Thematic Ideas
Showing 3 out of 5 themes
Business ConcentrationDisruptive Technologies, Dividend Beast, Sector ETFs, Information Technology ETFs, Artificial Intelligence, Technology, SPDR State Street Global Advisors (View all Sectors)
IssuerSSgA
Inception Date1998-12-16
BenchmarkS&P Technology Select Sector Index
Entity TypeRegulated Investment Company
Asset Under Management69.83 Billion
Average Trading Valume4.9 Million
Asset TypeEquity
CategorySector
FocusInformation Technology
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorState Street Bank and Trust Company
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorALPS Portfolio Solutions Distributor, Inc.
Portfolio ManagerMike Feehily, Karl Schneider, David Chin
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Sep
ExchangeNYSE Arca, Inc.
Number of Constituents70.0
Market MakerJane Street
Total Expense0.09
Management Fee0.03
Country NameUSA
Returns Y T D15.14
NameTechnology Select Sector SPDR Fund
Currency CodeUSD
Open FigiBBG000BJ7007
In Threey Volatility23.59
1y Volatility19.24
200 Day M A199.43
50 Day M A221.07
CodeXLK
Updated At21st of July 2024
Currency NameUS Dollar
Technology Select Sector [XLK] is traded in USA and was established 1998-12-16. The fund is classified under Technology category within SPDR State Street Global Advisors family. The entity is thematically classified as Disruptive Technologies. Technology Select Sector at this time have 35.63 B in net assets. , while the total return for the last 3 years was 15.1%.
Check Technology Select Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Technology Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Technology Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Technology Select Sector Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Technology Select Sector Etf Constituents

TATT IncStockCommunication Services
ACNAccenture plcStockInformation Technology
GOOGAlphabet Inc Class CStockCommunication Services
IBMInternational Business MachinesStockInformation Technology
VVisa Class AStockFinancials
PYPLPayPal HoldingsStockFinancials
NVDANVIDIAStockInformation Technology
MSFTMicrosoftStockInformation Technology
More Details

Technology Select Top Holders

OAIEOAIEEtfMaterials
AGOXAdaptive Alpha OpportunitiesEtfTactical Allocation
TDSBCabana Target DrawdownEtfTactical Allocation
DECMXBcm Decathlon ModerateMutual FundEquity Market Neutral
QPXAdvisorShares Q DynamicEtfLarge Growth
TDSDExchange Traded ConceptsEtfTactical Allocation
HTDCXHanlon Tactical DividendMutual FundTactical Allocation
WMKTXWesmark Tactical OpportunityMutual FundTactical Allocation
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Technology Select Sector Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Technology Select market risk premium is the additional return an investor will receive from holding Technology Select long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Technology Select. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Technology Select's alpha and beta are two of the key measurements used to evaluate Technology Select's performance over the market, the standard measures of volatility play an important role as well.

Technology Select Against Markets

Additional Information and Resources on Investing in Technology Etf

When determining whether Technology Select Sector is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Technology Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Technology Select Sector Etf. Highlighted below are key reports to facilitate an investment decision about Technology Select Sector Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Technology Select's market value can be influenced by many factors that don't directly affect Technology Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.