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ETFs

SPDR S&P Internet ETF

XWEB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 27 2016
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$52,679
AUM
$20,791,530
Associated Index
S&P Internet Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ZD
Ziff Davis Inc
4.01%
AKAM
Akamai Technologies Inc
4.00%
TRIP
TripAdvisor Inc.
3.99%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.91%
GDDY
Godaddy Inc - Ordinary Shares - Class A
3.82%
PINS
Pinterest Inc - Ordinary Shares - Class A
3.78%
VRSN
Verisign Inc.
3.77%
GOOG
Alphabet Inc - Ordinary Shares - Class C
3.73%
CARG
CarGurus Inc - Ordinary Shares - Class A
3.72%
SSTK
Shutterstock Inc
3.71%
Invest with XWEB

What is XWEB?

The SPDR S&P Internet ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Internet Select Industry Index derived from the internet segment of a U.S. total market composite index. The S&P Internet Select Industry Index (the "Index") represents the internet segment of the S&P Total Market Index ("S&P TMI"). The S&P TMI is designed to track the broad U.S. equity market. The internet segment of the S&P TMI comprises the internet retail sub-industry and internet software & services sub-industry. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the "Select Industry Indices"), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards ("GICS"). The S&P TMI tracks all eligible U.S. common equities listed on the NYSE, NYSE Arca, NYSE MKT, NASDAQ Global Select Market, NASDAQ Select Market, NASDAQ Capital Market, Bats BZX, Bats BYX, Bats EDGA, and Bats EDGX exchanges. The Index is a modified equal weighted index.

ETFs related toXWEB

ETFs correlated to XWEB include FDN, WEBL, WCLD

XWEB
SPDR Series Trust - SPDR S&P Internet ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF

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.

FAQ

XWEB is a US Equities ETF. The SPDR S&P Internet ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Internet Select Industry Index derived from the internet segment of a U.S. total market composite index. The S&P Internet Select Industry Index (the "Index") represents the internet segment of the S&P Total Market Index ("S&P TMI"). The S&P TMI is designed to track the broad U.S. equity market. The internet segment of the S&P TMI comprises the internet retail sub-industry and internet software & services sub-industry. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the "Select Industry Indices"), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards ("GICS"). The S&P TMI tracks all eligible U.S. common equities listed on the NYSE, NYSE Arca, NYSE MKT, NASDAQ Global Select Market, NASDAQ Select Market, NASDAQ Capital Market, Bats BZX, Bats BYX, Bats EDGA, and Bats EDGX exchanges. The Index is a modified equal weighted index.

XWEB tracks the S&P Internet Select Industry Index.

No, XWEB 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, XWEB 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 XWEB is -0.0307%. This is the percent change in the value of XWEB over the most recent 1-month period. The 3-month return on XWEB is -0.0409%. This is the percent change in the value of XWEB over the most recent 3-month period.

The standard deviation of XWEB for the past year is 0.3486%. 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 XWEB include XLI, XLY, and XLV.

ETFs correlated to XWEB include FDN, WEBL, and WCLD.

ETFs that are inversely correlated to XWEB include WEBS, SARK, and HDGE.

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.