At a glance
XNTK charges 0.35% a year, below the 0.36% average of the 8 funds most like it (the 4th cheapest of 9). It has $2.35B in assets, the 7th largest of that group; it paid 0.15% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +23.1% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +40.6% a year. At its worst it fell 45.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 15 months after the low. Its ten largest positions make up 54.7% of the fund, out of 35 in all.
The short version
SPDR NYSE Technology ETF (XNTK), from State Street, tracks the NYSE Technology Index: 35 large U.S.-listed technology companies, set to equal weights at each annual rebalance. Because of that equal weighting, giants like NVIDIA don't dominate the fund. NVIDIA was 2.3% of assets as of June 30, 2026, while the chipmakers Micron and Intel were the largest holdings. The fund costs 0.35% a year, compared with 0.08% for the Technology Select Sector SPDR Fund (XLK).
Price history
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XNTK +23.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| XNTK official prospectus, to Dec 31, 2025 | — | +38.09% | — | +14.98% | +21.60% | — |
| XNTK price data to Oct 27, 2026 | +29.6% | +23.1% | +40.6% | +17.6% | — | +24.1% |
- Over the year to Oct 27, 2026, XNTK returned +23.1%, 3rd of 9 among similar funds.
- Its 5-year annualized return was +17.6%.
- Its worst full calendar year was 2022 (-41.1%); its best was 2023 (+70.1%).
- The deepest fall in its price history was 48.3% (Nov 16, 2021 to Oct 14, 2022), recovered by Jan 24, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +29.6% | — |
| 2025 | +38.0% | +38.09% |
| 2024 | +23.5% | +23.38% |
| 2023 | +70.1% | +70.11% |
| 2022 | -41.1% | -41.03% |
| 2021 | +17.6% | +17.59% |
| 2020 | — | +73.75% |
| 2019 | — | +38.10% |
| 2018 | — | -7.82% |
| 2017 | — | +40.27% |
| 2016 | — | +13.35% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Jun 2, 2020 |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 45% over that stretch · deepest drop along the way 45.4%, back to its old high 15.2 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3800 | |
| 2025 | $0.6300 | -25.0% |
| 2024 | $0.8400 | +55.6% |
| 2023 | $0.5400 | -34.1% |
| 2022 | $0.8200 | +43.9% |
| 2021 | $0.5700 |
What's inside
As of Jun 30, 2026, the fund held 35 securities; the ten largest made up 54.71% of assets.
| Holding | Weight | |
|---|---|---|
| Micron Technology Inc | 9.73% | |
| Intel Corp | 7.51% | |
| Marvell Technology Inc | 7.17% | |
| Applied Materials Inc | 5.67% | |
| Advanced Micro Devices Inc | 5.60% | |
| Lam Research Corp | 5.49% | |
| ASML Holding NV | 3.75% | |
| Texas Instruments Inc | 3.38% | |
| Taiwan Semiconductor Manufacturing Co Ltd | 3.33% | |
| Crowdstrike Holdings Inc | 3.07% | |
| Cisco Systems Inc | 3.07% | |
| Amphenol Corp | 2.77% | |
| Arista Networks Inc | 2.77% | |
| Alphabet Inc | 2.35% | |
| NVIDIA Corp | 2.32% |
By country
United States 90.22%Netherlands 3.75%Taiwan 3.33%Canada 1.41%Cayman Islands 1.25%By asset type
Stocks 99.96%By sector
Sectors of the companies held, for the 90.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $110.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +22.28%, +18.64%, +5.49%.
How it works
Before fees, the fund aims to match the total return of the NYSE Technology Index. That index is run by ICE Data Indices, which is not affiliated with the fund. A stock can enter the index if it is in the technology sector, or is a technology-related consumer discretionary company, and is listed on a major U.S. exchange. It also needs a market value of at least $2 billion and average trading of at least $10 million a day over three months. Each company must also pass one sales test. Its latest quarter's sales must beat the same quarter a year earlier. Or it must have no more than one quarter of falling sales in the past two years. Or its revenue must rank in the top 75 of its industry. The 35 largest and most-traded stocks that qualify make the cut. At least 75% must be based in the U.S.
The index gives each stock an equal weight and rebalances once a year, in December. Between rebalances, the winners grow. As of June 30, 2026, Micron was 9.7% of the fund and the top ten holdings were 54.7%.
The adviser, SSGA Funds Management, may hold all the index stocks or just a sample. At least 80% of assets must be in index stocks. Futures (contracts to buy or sell at a set price later) are allowed, but the fund held none as of June 30, 2026.
What it really costs
- XNTK charges 0.35% a year, versus an average of 0.36% for the similar funds below (4th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $443 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| XNTK | $36 | $113 | $197 | $443 |
In a retirement portfolio
It is a concentrated, chip-heavy bet on 35 technology stocks that has swung far more than the broad market and pays almost no income.
XNTK could add a focused bet on large technology companies, especially chipmakers, alongside a broad core fund. In the 2022 bear market it fell 45.4%, and it didn't regain its peak until January 18, 2024. Its deepest drop was 48.3%, from a November 2021 high, and recovery took about 15 months. It lost 41.03% in calendar 2022. The price history used here starts in June 2020, so the 2008 crisis and the 2020 COVID crash aren't measured. Someone who had to sell in a year like 2022 could have locked in big losses. Income is minimal: the yield was 0.15% as of October 27, 2026, paid quarterly. The fund costs 0.35% a year. In the SEC's standard example, that is $36 in the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting tech exposure where no single giant dominates. NVIDIA was just 2.3% as of June 30, 2026.
- Long-term holders who can sit through drops like the 48.3% fall from November 2021 to October 2022 without selling.
- Investors adding a small satellite holding next to a broad index fund, who accept 0.35% yearly costs for an equal-weighted, 35-stock approach.
Look elsewhere if
- Cost-focused investors. XLK, which overlaps by about 46% in holdings, charges 0.08% a year versus XNTK's 0.35%.
- Retirees looking for income. The yield was 0.15% as of October 27, 2026.
- Anyone uneasy with heavy chip exposure. As of June 30, 2026, the six largest holdings were all chipmakers or chip-equipment makers.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| XNTK this fund | — | 0.35% | $2.35B | +23.1% | +40.6% |
| SOXX iShares Semiconductor ETF | 52% | 0.35% | $47.82B | +48.5% | +44.1% |
| SMH VanEck Semiconductor ETF | 49% | 0.35% | $77.20B | +40.5% | +52.2% |
| AIQ Global X Artificial Intelligence & Technolo… | 46% | 0.68% | $10.17B | +20.0% | +35.5% |
| XLK Technology Select Sector SPDR Fund | 46% | 0.08% | $123.91B | +20.1% | +4.0% |
| QQQ Invesco QQQ Trust Series I | 46% | 0.2% | $490.10B | +8.8% | +24.0% |
| IGM iShares Expanded Tech Sector ETF | 45% | 0.41% | $10.71B | +21.3% | +38.6% |
| QQMG Invesco ESG NASDAQ 100 ETF | 44% | 0.2% | $200.0M | +16.4% | +29.5% |
Questions investors ask
Is XNTK good for retirement?
XNTK may fit a small, higher-risk part of a retirement portfolio rather than the core. It holds 35 technology stocks and pays very little income, with a 0.15% yield as of October 27, 2026. It fell 45.4% in the 2022 bear market and didn't regain its peak until January 18, 2024. Its official 10-year average annual return was 21.6% as of December 31, 2025, but past results don't predict future ones.
What's the difference between XNTK and SOXX?
SOXX, the iShares Semiconductor ETF, focuses on chip stocks. XNTK holds 35 technology names that include chipmakers but also companies like CrowdStrike, Cisco and Alphabet, and it resets them to equal weights each year. Both charge 0.35% a year, and about 52% of their holdings overlap. SOXX is much larger: $47.8 billion in net assets versus $2.35 billion for XNTK, as of June 30, 2026. SOXX returned 66.5% over one year through October 29, 2026. XNTK returned 23.1% through October 27, 2026.
Does XNTK pay dividends?
Yes, XNTK pays dividends quarterly, but they are small. Over the trailing 12 months it paid about $0.53 per share, a yield of 0.15% as of October 27, 2026. Technology companies often put their profits back into the business or buy back shares instead of paying large dividends. That means a fund like this offers little income for someone who wants to live off its payouts.
What is XNTK's expense ratio?
XNTK's expense ratio is 0.35% a year, according to its prospectus filed October 26, 2026. All of it is the management fee, with no fee waiver. In the SEC's standard example ($10,000 invested, 5% yearly return), costs would total $36 after one year, $113 after three, $197 after five and $443 after ten. That's the same as SOXX and SMH. It's above the 0.30% average of similar funds and well above XLK's 0.08%.
Is XNTK an equal-weight ETF?
Yes, but only at each rebalance. The NYSE Technology Index sets its 35 stocks to equal weights once a year, after the close on the third Friday of December. Between resets, weights drift as prices move. As of June 30, 2026, Micron was 9.7% of the fund, Intel 7.5% and Marvell 7.2%, and the top ten holdings made up 54.7%. Each December the index trims the winners back and adds to the laggards.