Is State Street SPDR NYSE Technology ETF (XNTK) a Strong ETF Right Now?

Core Insights - The State Street SPDR NYSE Technology ETF (XNTK) is a smart beta ETF launched on September 25, 2000, providing broad exposure to the technology sector [1] - XNTK has accumulated over $1.48 billion in assets, making it one of the larger ETFs in the technology category [5] - The fund aims to match the performance of the NYSE Technology Index, which includes 35 leading U.S.-listed technology companies [5] Fund Management and Costs - XNTK is managed by State Street Investment Management and has an annual operating expense ratio of 0.35%, positioning it as one of the least expensive options in the market [6] - The fund has a 12-month trailing dividend yield of 0.24% [6] Sector Exposure and Holdings - The ETF has a significant allocation of approximately 74% in the Information Technology sector, with Consumer Discretionary and Telecom also being notable sectors [7] - Palantir Technologies Inc A (PLTR) constitutes about 5.23% of the fund's total assets, with the top 10 holdings accounting for approximately 39.83% of total assets under management [8] Performance Metrics - XNTK has experienced a gain of about 38.96% year-to-date and approximately 34.99% over the past year, with a trading range between $164.46 and $294.46 in the last 52 weeks [10] - The ETF has a beta of 1.31 and a standard deviation of 24.86% over the trailing three-year period, indicating more concentrated exposure compared to peers [10] Alternatives in the Market - Other ETFs in the technology space include the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT), with XLK having $94.76 billion in assets and VGT at $114.19 billion [12] - XLK has a lower expense ratio of 0.08%, while VGT charges 0.09% [12]