XLK vs. FWD ETF Comparison

Comparison of SPDR Select Sector Fund - Technology (XLK) to AB Disruptors ETF (FWD)

XLK

SPDR Select Sector Fund - Technology

XLK Description

The investment seeks investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Technology Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$233.60

Average Daily Volume

3,899,973

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XLK	FWD
30 Days	2.26%	6.41%
60 Days	5.18%	8.28%
90 Days	4.49%	8.11%
12 Months	27.37%	46.37%

20 Overlapping Holdings

Symbol	Grade	Weight in XLK	Weight in FWD	Overlap
ADBE	C	2.41%	0.71%	0.71%
ADI	D	1.13%	0.63%	0.63%
AMAT	F	1.54%	0.87%	0.87%
AMD	F	2.44%	0.7%	0.7%
ANET	C	1.04%	1.53%	1.04%
AVGO	D	4.24%	1.29%	1.29%
CRWD	B	0.86%	1.11%	0.86%
EPAM	C	0.14%	1.14%	0.14%
FTNT	C	0.63%	1.15%	0.63%
LRCX	F	1.0%	0.94%	0.94%
MSFT	F	12.88%	0.7%	0.7%
MU	D	1.17%	1.01%	1.01%
NOW	A	2.25%	0.55%	0.55%
NVDA	C	14.37%	5.29%	5.29%
ON	D	0.31%	0.98%	0.31%
ORCL	B	3.23%	1.81%	1.81%
PLTR	B	1.34%	1.33%	1.33%
SNPS	B	0.87%	0.72%	0.72%
TER	D	0.18%	0.93%	0.18%
TXN	C	2.06%	1.51%	1.51%

XLK Overweight 48 Positions Relative to FWD

Symbol	Grade	Weight
AAPL	C	14.45%
CRM	B	3.39%
CSCO	B	2.51%
ACN	C	2.4%
IBM	C	2.08%
INTU	C	2.06%
QCOM	F	1.99%
PANW	C	1.36%
INTC	D	1.15%
KLAC	D	0.91%
APH	A	0.91%
MSI	B	0.89%
CDNS	B	0.88%
ADSK	A	0.71%
ROP	B	0.64%
FICO	B	0.61%
NXPI	D	0.61%
IT	C	0.44%
DELL	C	0.43%
CTSH	B	0.41%
HPQ	B	0.4%
GLW	B	0.39%
MCHP	D	0.38%
ANSS	B	0.32%
MPWR	F	0.31%
HPE	B	0.3%
KEYS	A	0.29%
TYL	B	0.28%
GDDY	A	0.28%
NTAP	C	0.27%
CDW	F	0.26%
PTC	A	0.25%
TDY	B	0.24%
FSLR	F	0.23%
WDC	D	0.23%
ZBRA	B	0.22%
STX	D	0.22%
TRMB	B	0.19%
GEN	B	0.17%
JBL	B	0.16%
VRSN	F	0.16%
SWKS	F	0.15%
FFIV	B	0.15%
AKAM	D	0.14%
JNPR	F	0.13%
SMCI	F	0.12%
ENPH	F	0.09%
QRVO	F	0.07%

XLK Underweight 59 Positions Relative to FWD

Symbol	Grade	Weight
TSLA	B	-3.08%
VST	B	-2.35%
GEV	B	-2.15%
AMZN	C	-1.73%
VRT	B	-1.67%
ISRG	A	-1.62%
BSX	B	-1.56%
NFLX	A	-1.54%
META	D	-1.41%
SHOP	B	-1.39%
GOOGL	C	-1.3%
HWM	A	-1.21%
SPOT	B	-1.16%
ETN	A	-1.09%
APO	B	-1.09%
COHR	B	-1.06%
DASH	A	-1.06%
TTD	B	-1.05%
TT	A	-1.05%
MRVL	B	-1.02%
DDOG	A	-0.99%
CAT	B	-0.98%
IOT	A	-0.98%
TEAM	A	-0.95%
LSCC	D	-0.94%
ARM	D	-0.91%
MDB	C	-0.91%
WAB	B	-0.86%
BKR	B	-0.85%
SYK	C	-0.81%
NEE	D	-0.79%
GWRE	A	-0.79%
LLY	F	-0.76%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
ABBV	D	-0.73%
RBLX	C	-0.72%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
HUBS	A	-0.65%
BKNG	A	-0.63%
MELI	D	-0.62%
TMO	F	-0.58%
ILMN	D	-0.56%
GTLB	B	-0.53%
RDDT	B	-0.53%
ABT	B	-0.52%
UBER	D	-0.52%
CRL	C	-0.5%
BSY	D	-0.48%
CFLT	B	-0.48%
ABNB	C	-0.46%
IPGP	D	-0.44%
IQV	D	-0.43%
FCX	D	-0.42%
RGEN	D	-0.41%
Z	A	-0.4%