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ETFs

SPDR NYSE Technology ETF

XNTK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 25 2000
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$1,701,347
AUM
$530,934,351
Associated Index
NYSE Technology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
5.59%
NVDA
NVIDIA Corp
5.29%
UBER
Uber Technologies Inc
3.62%
CRM
Salesforce Inc
3.41%
ADBE
Adobe Inc
3.36%
AVGO
Broadcom Inc
3.30%
BKNG
Booking Holdings Inc
3.29%
AMZN
Amazon.com Inc.
3.13%
PANW
Palo Alto Networks Inc
3.11%
NOW
ServiceNow Inc
3.05%
Invest with XNTK

What is XNTK?

The SPDR NYSE Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index (the "Index"). The NYSE Technology Index is composed of 35 leading U.S.-listed technology-related companies. The investible universe of the Index comprises all stocks in the Information Technology sector and technology-related stocks in the Consumer Discretionary sector, as defined by the Index Provider that are listed on major U.S. stock exchanges. The Index is equal-dollar-weighted to ensure that each of its component securities is represented in approximate equal dollar value.

ETFs related toXNTK

ETFs correlated to XNTK include QTEC, IGM, BULZ

XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse 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 toXNTK

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XNTK using Composer

FAQ

XNTK is a US Equities ETF. The SPDR NYSE Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index (the "Index"). The NYSE Technology Index is composed of 35 leading U.S.-listed technology-related companies. The investible universe of the Index comprises all stocks in the Information Technology sector and technology-related stocks in the Consumer Discretionary sector, as defined by the Index Provider that are listed on major U.S. stock exchanges. The Index is equal-dollar-weighted to ensure that each of its component securities is represented in approximate equal dollar value.

XNTK tracks the NYSE Technology Index.

No, XNTK 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, XNTK 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 XNTK is -0.0053%. This is the percent change in the value of XNTK over the most recent 1-month period. The 3-month return on XNTK is 0.0025%. This is the percent change in the value of XNTK over the most recent 3-month period.

The standard deviation of XNTK for the past year is 0.2724%. 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 XNTK include XLI, XLY, and XLV.

ETFs correlated to XNTK include QTEC, IGM, and BULZ.

ETFs that are inversely correlated to XNTK include BERZ, QID, and SQQQ.

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.