ETF Evaluator:
State Street® SPDR® FctSt Innvtv TechETF (XITK)
Follow This ETF
(as of Jul 31)
Best Performing in Technology Over the Last Year
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ETF Details
State Street® SPDR® FctSt Innvtv TechETF Overview
State Street® SPDR® FctSt Innvtv TechETF (XITK) is a passively managed Sector Equity Technology exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2016.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index.
The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index.
About State Street® SPDR® FctSt Innvtv TechETF (XITK)
There are 3 members of the management team with an average tenure of 6.87 years: Emiliano Rabinovich (2025), Michael Finocchi (2017) and Karl Schneider (2016). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and FactSet Innovative Technology NR USD index with a weighting of 100%. State Street® SPDR® FctSt Innvtv TechETF has 99 securities in its portfolio. The top 10 holdings constitute 30.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street® SPDR® FctSt Innvtv TechETF is part of the Equity global asset class and is within the Sector Equity ETF group. State Street® SPDR® FctSt Innvtv TechETF has 7.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.9% There is 7.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street® SPDR® FctSt Innvtv TechETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $68 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XITK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street® SPDR® FctSt Innvtv TechETF expense ratio is average compared to funds in the Technology category. State Street® SPDR® FctSt Innvtv TechETF has an expense ratio of 0.45%, which is 15% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street® SPDR® FctSt Innvtv TechETF has a portfolio turnover rate of 58%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 36% for the Technology category.
Recently, in the month of June 2026, State Street® SPDR® FctSt Innvtv TechETF returned -2.4%, which earned it a grade of D, as the Technology category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
State Street® SPDR® FctSt Innvtv TechETF has a trailing yield of 0.00%, which is below the 0.49% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
State Street® SPDR® FctSt Innvtv TechETF Grades
Year to date, the ETF has returned 9.7%, 25.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.4% over the past year (grade of F), 14.1% over the past three years (grade of F) and -2.8% per year over the past five years (grade of F) and 14.2% per year over the past 10 years (grade of F).
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XITK Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XITK Return (NAV) | -2.4% | 33.4% | 3.4% | 14.1% | -2.8% | 14.2% |
| XITK Return (Price) | -2.3% | 33.6% | 3.4% | 14.1% | -2.8% | 14.2% |
| NAV +/- Price Return | -0.092% | -0.209% | -0.050% | -0.015% | -0.025% | -0.037% |
| Technology Avg | 0.0% | 40.3% | 52.2% | 27.7% | 12.4% | 21.0% |
| XITK Grade (NAV) | D | D | F | F | F | F |
| +/- Category (NAV) | -2.5% | -6.9% | -48.8% | -13.7% | -15.2% | -6.8% |
| XITK Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.2% |
XITK Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XITK Return (NAV) | 9.7% | 2.4% | 19.3% | 45.9% | -47.5% | -11.3% | 89.8% | 36.9% | 8.4% | 35.6% | na |
| XITK Return (Price) | 9.8% | 2.5% | 19.1% | 45.9% | -47.4% | -11.2% | 90.2% | 37.0% | 7.6% | 36.0% | na |
| NAV +/- Price Ret | 0.005% | 0.049% | -0.007% | -0.001% | -0.001% | -0.003% | 0.004% | 0.2% | -9.2% | 1.2% | na |
| Technology Avg | 35.2% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| XITK Grade (NAV) | D | F | C | C | F | F | A | C | A | C | na |
| +/- Category | -25.4% | -20.8% | -0.6% | 2.1% | -11.7% | -28.0% | 36.6% | -0.9% | 11.5% | 1.9% | na |
| Risk Measures | |
| Beta: | 1.67 |
| R-Squared: | 63% |
| Standard Deviation: | 26.5% |
| Category Risk Index: | 1.04 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.18 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 68 Mil |
| Share Class Assets: | $ 68 Mil |
| Turnover: | 58.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.5 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Schneider Karl (2016), Finocchi Michael (2017), Rabinovich Emiliano (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 99 |
| % in Top 10 Holdings: | 30.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.1% |
Portfolio Allocation |
|
| Domestic Stock: | 92.9% |
| Foreign Stock: | 7.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | January 13, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
