# XSW (State Street(R) SPDR(R) S&P(R) Software & Services ETF)

State Street · Thematic ETFs · data as of Sep 11, 2026

XSW holds 133 stocks, and 81% of its weight is outside the S&P 500.

## Key facts

- XSW, already in the S&P 500: 18.8%, as of Sep 11, 2026.
- XSW, active share vs the S&P 500: 95.4%, as of Sep 11, 2026.
- XSW, top ten holdings: 11.2%, as of Sep 11, 2026.
- XSW, total return, 1 year: 0.0%, as of Sep 11, 2026.
- XSW, net assets: $476m (the issuer own daily fund list, as of Sep 10, 2026).
- XSW, expense ratio: 0.35% (485BPOS XBRL, Oct 24, 2025).

## XSW over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +17.6% | +3.3% | +14.3 pts | +18.4 pts |
| 6 months | +30.6% | +16.0% | +14.6 pts | +9.9 pts |
| 1 year | 0.0% | +17.5% | −17.5 pts | −23.0 pts |
| 3 years | +48.5% | +77.9% | −29.4 pts | −46.6 pts |
| Since launch | +770.1% | +753.8% | +16.3 pts | −638.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Cloud and software | ETFIQ, editorial |
| Launched | Sep 29, 2011 | ETFIQ |
| Already in the S&P 500, by weight | 18.8% | ETFIQ |
| Active share vs the S&P 500 | 95.4% | ETFIQ |
| Already in the Nasdaq-100, by weight | 12.8% | ETFIQ |
| Active share vs the Nasdaq-100 | 92.7% | ETFIQ |
| Top ten holdings weight | 11.2% | ETFIQ |
| Holdings | 133 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | ATLASSIAN CORP CL A 1.3%, AMPLITUDE INC CLASS A 1.2%, NETSKOPE INC CL A 1.2%, RINGCENTRAL INC CLASS A 1.2%, PORCH GROUP INC 1.1%, GITLAB INC CL A 1.1%, YEXT INC 1.1%, INTAPP INC 1.0%, UNITY SOFTWARE INC 1.0%, PAGERDUTY INC 1.0% | ETFIQ |
| Net assets | $476m | the issuer own daily fund list, as of Sep 10, 2026 |
| Below its all-time high | −7.1% | ETFIQ |
| Expense ratio | 0.35% | 485BPOS XBRL, Oct 24, 2025 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.37% | ETFIQ |
| Closest funds by holdings overlap | WCLD 40%, IGV 31%, SKYY 27%, FCLD 21%, INVN 19% | ETFIQ |

## Questions

### How much of XSW is in S&P 500 companies?

By its holdings published by its issuer for Sep 10, 2026, 19% of XSW by weight is stocks the S&P 500 already holds. Its active share against the index is 95%, so that share is the part doing something different.

### What does XSW hold?

133 positions as published by its issuer for Sep 10, 2026, with the top ten at 11% of the fund. The largest are ATLASSIAN CORP CL A at 1.3%, AMPLITUDE INC CLASS A at 1.2%, NETSKOPE INC CL A at 1.2%.

### Has XSW beaten the S&P 500?

Over the year to Sep 11, 2026 XSW returned 0.0% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 17.5 points.

### What does XSW cost?

The prospectus expense ratio is 0.35% a year. Because 95% of the fund differs from the S&P 500, the fee on that differing part works out at 0.37%.


## Cite this page

ETFIQ, XSW, data as of Sep 11, 2026. https://etfiq.com/funds/xsw
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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