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ETFs

SPDR S&P Biotech ETF

XBI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 31 2006
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$517,208,683
AUM
$5,647,700,540
Associated Index
S&P Biotechnology Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MRTX
Mirati Therapeutics Inc
1.49%
APLS
Apellis Pharmaceuticals Inc
1.37%
SGEN
Seagen Inc
1.36%
NBIX
Neurocrine Biosciences, Inc.
1.35%
IONS
Ionis Pharmaceuticals Inc
1.34%
AMGN
AMGEN Inc.
1.34%
HALO
Halozyme Therapeutics Inc.
1.33%
ABBV
Abbvie Inc
1.33%
VRTX
Vertex Pharmaceuticals, Inc.
1.32%
ALKS
Alkermes plc
1.31%
Invest with XBI

What is XBI?

The SPDR S&P Biotech ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Biotechnology Select Industry Index (the Index ). The S&P Biotechnology Select Industry represents the biotechnology segment of the S&P Total Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The biotechnology segment of the S&P TMI comprises the Biotechnology sub-industry. The Index is modified equal weighted.

ETFs related toXBI

ETFs correlated to XBI include LABU, GNOM, IBB

XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXBI

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with XBI using Composer

FAQ

XBI is a US Equities ETF. The SPDR S&P Biotech ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Biotechnology Select Industry Index (the Index ). The S&P Biotechnology Select Industry represents the biotechnology segment of the S&P Total Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The biotechnology segment of the S&P TMI comprises the Biotechnology sub-industry. The Index is modified equal weighted.

XBI tracks the S&P Biotechnology Select Industry Index.

No, XBI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XBI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XBI is -0.0763%. This is the percent change in the value of XBI over the most recent 1-month period. The 3-month return on XBI is -0.1357%. This is the percent change in the value of XBI over the most recent 3-month period.

The standard deviation of XBI for the past year is 0.2964%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XBI include XLI, XLY, and XLV.

ETFs correlated to XBI include LABU, GNOM, and IBB.

ETFs that are inversely correlated to XBI include LABD, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.