XLK: State Street Technology Select Sector SPDR ETF

What does XLK hold?#

This fund owns the technology companies in the S&P 500, such as makers of computer chips, software and devices. A few very large companies make up a big part of it. Because it holds only one sector, it is less spread out than the whole market.

It tracks the Technology Select Sector Index. It had 75 holdings as of October 15, 2026, according to SPDR (State Street).

What is the XLK expense ratio?#

XLK charges 0.08% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.08% fee comes to about $8 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has XLK done since 1998?#

From December 1998 to October 2026, XLK returned about 10.3% a year. Say you put in $10,000 at the start. It would have been worth about $154,238 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

XLK returns by year#

What was XLK’s worst drop?#

A drawdown is how far a fund falls from its last high point. XLK’s worst fall was −82.0%, from March 27, 2000 to October 9, 2002. It got back to that high on March 1, 2017.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold XLK?#

2 classic strategies hold XLK at least some of the time. Each is a set of written rules you can open, test and copy.

• Faber sector rotation (the three strongest US sectors), by Mebane Faber, 2010
• Inflation Compass (Varadi’s growth and inflation model), by David Varadi, 2026

How does XLK compare with similar ETFs?#

Funds that can stand in for XLK:

• FTEC: Fidelity MSCI Information Technology Index ETF, 0.084% a year
• VGT: Vanguard Information Technology ETF, 0.09% a year
• IYW: iShares U.S. Technology ETF, 0.37% a year
• QQQM: Invesco NASDAQ 100 ETF, 0.15% a year

See all 8 XLK alternatives, compared on the same dates as XLK.

Test XLK in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add XLK, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for XLK. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from SPDR (State Street). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.