Technology Select Sector Etf Profile

XLK Etf  USD 206.30  0.67  0.33%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Technology Select is selling for 206.30 as of the 19th of March 2024. This is a 0.33 percent up since the beginning of the trading day. The etf's last reported lowest price was 206.14. Technology Select has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok 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 19th of January 2024 and ending today, the 19th of March 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 US TechnologyPairCorr
  0.94SMH VanEck Semiconductor ETFPairCorr
  0.93SOXX IShares Semiconductor ETF Sell-off TrendPairCorr
  0.92CIBR First Trust NASDAQPairCorr
  1.0FTEC Fidelity MSCI InformationPairCorr

Technology Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Technology Select's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Technology Select or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
Showing 3 out of 5 themes
Business ConcentrationArtificial Intelligence, Dividend Beast, Sector ETFs, Disruptive Technologies, Information Technology ETFs, 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 Management67.08 Billion
Average Trading Valume3.84 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 Constituents67.0
Market MakerJane Street
Total Expense0.1
Management Fee0.03
Country NameUSA
Returns Y T D6.83
NameTechnology Select Sector SPDR Fund
Currency CodeUSD
Open FigiBBG000BJ7007
In Threey Volatility23.03
1y Volatility18.96
200 Day M A181
50 Day M A201.76
CodeXLK
Updated At18th of March 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 Artificial Intelligence. Technology Select Sector at this time have 35.63 B in net assets. , while the total return for the last 3 years was 16.6%.
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 Class CStockCommunication Services
IBMInternational Business MachinesStockInformation Technology
VVisa Class AStockFinancials
PYPLPayPal HoldingsStockFinancials
NVDANVIDIAStockInformation Technology
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Technology Select Target Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Technology Select jumping above the current price in 90 days from now is about 17.07%. The Technology Select Sector probability density function shows the probability of Technology Select etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.0308. This entails Technology Select Sector market returns are very sensitive to returns on the market. As the market goes up or down, Technology Select is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Technology Select Sector is significantly underperforming NYSE Composite.
  Odds Below 206.3HorizonTargetOdds Above 206.3
82.73%90 days
 206.30 
17.07%
Based on a normal probability distribution, the odds of Technology Select to move above the current price in 90 days from now is about 17.07 (This Technology Select Sector probability density function shows the probability of Technology Etf to fall within a particular range of prices over 90 days) .

Technology Select Top Holders

OAIESeries Portfolios TrustEtfMaterials
AGOXAdaptive Alpha OpportunitiesEtfTactical Allocation
TDSBCabana Target DrawdownEtfTactical Allocation
DECMXBcm Decathlon ModerateMutual FundEquity Market Neutral
QPXAdvisorShares Q DynamicEtfLarge Growth
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

Picking the right benchmark for Technology Select etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Technology Select etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Technology Select is critical whether you are bullish or bearish towards Technology Select Sector at a given time. Please also check how Technology Select's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Technology Select without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Technology Etf?

Before investing in Technology Select, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Technology Select. To buy Technology Select etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Technology Select. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Technology Select etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Technology Select Sector etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Technology Select Sector etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Technology Select Sector, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Technology Etf please use our How to Invest in Technology Select guide.

Already Invested in Technology Select Sector?

The danger of trading Technology Select Sector is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Technology Select is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Technology Select. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Technology Select Sector is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Technology Etf analysis

When running Technology Select's price analysis, check to measure Technology Select's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Technology Select is operating at the current time. Most of Technology Select's value examination focuses on studying past and present price action to predict the probability of Technology Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Technology Select's price. Additionally, you may evaluate how the addition of Technology Select to your portfolios can decrease your overall portfolio volatility.
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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.