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ETFs

Financial Select Sector SPDR Fund

XLF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 16 1998
Expense Ratio
0.10%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$2,644,367,305
AUM
$29,322,008,918
Associated Index
S&P Financial Select Sector Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
12.54%
JPM
JPMorgan Chase & Co.
8.66%
V
Visa Inc - Ordinary Shares - Class A
8.30%
MA
Mastercard Incorporated - Ordinary Shares - Class A
6.88%
BAC
Bank Of America Corp.
4.48%
WFC
Wells Fargo & Co.
3.29%
MS
Morgan Stanley
2.66%
SPGI
S&P Global Inc
2.57%
GS
Goldman Sachs Group, Inc.
2.47%
BLK
Blackrock Inc.
2.25%
Invest with XLF

What is XLF?

The Financial Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Financial Select Sector Index (ticker: IXM).

ETFs related toXLF

ETFs correlated to XLF include FAS, IYF, VFH

XLF
SSgA Active Trust - Financial Select Sector SPDR
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
UYG
ProShares Trust - ProShares Ultra Financials 2x Shares
IXG
BlackRock Institutional Trust Company N.A. - iShares Global Financials ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXLF

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with XLF using Composer

FAQ

XLF is a US Equities ETF. The Financial Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Financial Select Sector Index (ticker: IXM).

XLF tracks the S&P Financial Select Sector Index.

No, XLF is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XLF is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XLF is -0.1246%. This is the percent change in the value of XLF over the most recent 1-month period. The 3-month return on XLF is -0.0709%. This is the percent change in the value of XLF over the most recent 3-month period.

The standard deviation of XLF for the past year is 0.239%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XLF include XLY, XLE, and XLP.

ETFs correlated to XLF include FAS, IYF, and VFH.

ETFs that are inversely correlated to XLF include FAZ, SKF, and SEF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.