Spdr Factset Innovative Etf Profile
| XITK Etf | USD 180.31 1.28 0.70% |
Performance17 of 100
| Odds Of DistressLess than 9
|
SPDR FactSet is selling for 180.31 as of the 28th of November 2024. This is a 0.7 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 179.45. SPDR FactSet has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for SPDR FactSet Innovative are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
-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. More on SPDR FactSet Innovative
Moving together with SPDR Etf
| 0.92 | VGT | Vanguard Information | PairCorr |
| 0.86 | XLK | Technology Select Sector | PairCorr |
| 0.91 | IYW | iShares Technology ETF | PairCorr |
| 0.92 | CIBR | First Trust NASDAQ | PairCorr |
Moving against SPDR Etf
SPDR Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2016-01-13 |
| Benchmark | FactSet Innovative Technology Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 96.23 Million |
| Average Trading Valume | 1,735.3 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Michael Feehily, Karl Schneider, Michael Finocchi |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 106 |
| Market Maker | Citadel |
| Total Expense | 0.45 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | 24.54 |
| Name | SPDR FactSet Innovative Technology ETF |
| Currency Code | USD |
| Open Figi | BBG00BVVM2S3 |
| In Threey Volatility | 27.85 |
| 1y Volatility | 20.58 |
| 200 Day M A | 149.34 |
| 50 Day M A | 161.01 |
| Code | XITK |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
SPDR FactSet Innovative [XITK] is traded in USA and was established 2016-01-13. The fund is listed under Technology category and is part of SPDR State Street Global Advisors family. The entity is thematically classified as Strategy ETFs. SPDR FactSet Innovative at this time have 103.57 M in net assets. , while the total return for the last 3 years was -4.2%.
Check SPDR FactSet Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR FactSet Innovative Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top SPDR FactSet Innovative Etf Constituents
| SNAP | Snap Inc | Stock | Communication Services | |
| ASAN | Asana Inc | Stock | Information Technology | |
| SPSC | SPS Commerce | Stock | Information Technology | |
| PAYC | Paycom Soft | Stock | Information Technology | |
| GRPN | Groupon | Stock | Consumer Discretionary | |
| CHKP | Check Point Software | Stock | Information Technology | |
| PINS | Stock | Communication Services | ||
| AYX | Alteryx | Stock | Information Technology |
SPDR FactSet Innovative Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR FactSet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1635 | |||
| Jensen Alpha | 0.1184 | |||
| Total Risk Alpha | 0.0593 | |||
| Sortino Ratio | 0.1165 |
SPDR FactSet Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR FactSet Innovative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of SPDR FactSet Innovative is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR FactSet's value that differs from its market value or its book value, called intrinsic value, which is SPDR FactSet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR FactSet's market value can be influenced by many factors that don't directly affect SPDR FactSet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR FactSet's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR FactSet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR FactSet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.