XSW vs. IETC ETF Comparison

Comparison of SPDR S&P Software & Services ETF (XSW) to iShares Evolved U.S. Technology ETF (IETC)

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$194.96

Average Daily Volume

13,855

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.22

Average Daily Volume

19,325

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	XSW	IETC
30 Days	19.12%	3.17%
60 Days	22.87%	5.58%
90 Days	24.41%	8.32%
12 Months	45.80%	39.98%

32 Overlapping Holdings

Symbol	Grade	Weight in XSW	Weight in IETC	Overlap
ACN	C	0.64%	4.24%	0.64%
ADBE	C	0.6%	1.19%	0.6%
ADSK	A	0.71%	0.71%	0.71%
ANSS	B	0.65%	0.4%	0.4%
APPN	B	0.73%	0.04%	0.04%
BILL	A	1.04%	0.04%	0.04%
BSY	D	0.59%	0.17%	0.17%
CDNS	B	0.68%	1.84%	0.68%
CFLT	B	0.87%	0.09%	0.09%
CRM	B	0.81%	3.82%	0.81%
CRWD	B	0.81%	0.33%	0.33%
DDOG	A	0.71%	0.16%	0.16%
DXC	B	0.63%	0.04%	0.04%
EA	A	0.67%	0.12%	0.12%
FTNT	C	0.78%	1.25%	0.78%
HUBS	A	0.86%	0.14%	0.14%
IBM	C	0.59%	1.92%	0.59%
INTU	C	0.65%	0.07%	0.07%
IT	C	0.65%	0.62%	0.62%
MANH	D	0.65%	1.28%	0.65%
MSFT	F	0.59%	7.7%	0.59%
MSTR	C	1.39%	0.28%	0.28%
NOW	A	0.71%	2.11%	0.71%
ORCL	B	0.7%	3.5%	0.7%
PANW	C	0.7%	0.82%	0.7%
PLTR	B	1.02%	0.58%	0.58%
QLYS	C	0.72%	0.17%	0.17%
SNPS	B	0.68%	0.2%	0.2%
TEAM	A	0.93%	0.84%	0.84%
TYL	B	0.64%	0.63%	0.63%
WDAY	B	0.66%	0.69%	0.66%
ZM	B	0.76%	0.6%	0.6%

XSW Overweight 101 Positions Relative to IETC

Symbol	Grade	Weight
APP	B	1.52%
CIFR	B	1.29%
RIOT	C	1.06%
NNBR	C	1.04%
WULF	C	1.04%
CLSK	C	0.96%
RBRK	A	0.88%
FRSH	C	0.88%
DOCU	A	0.87%
NCNO	B	0.85%
FIVN	C	0.85%
VERX	B	0.84%
QTWO	A	0.83%
PEGA	A	0.81%
MARA	C	0.81%
IDCC	A	0.81%
PRO	C	0.79%
RNG	B	0.78%
SOUN	C	0.78%
INTA	A	0.77%
OLO	B	0.76%
CWAN	B	0.76%
WK	B	0.76%
PCOR	B	0.76%
BL	B	0.75%
KD	B	0.75%
ALKT	B	0.75%
FICO	B	0.75%
AGYS	A	0.74%
EPAM	C	0.74%
ZS	C	0.74%
NTNX	A	0.73%
ASAN	C	0.73%
RPD	C	0.73%
ATEN	B	0.73%
S	B	0.73%
CVLT	B	0.72%
TTWO	A	0.72%
ESTC	C	0.72%
PRGS	A	0.71%
ALTR	B	0.71%
AI	B	0.71%
DJCO	B	0.71%
RBLX	C	0.7%
DV	C	0.7%
ACIW	B	0.7%
GWRE	A	0.69%
GEN	B	0.69%
PD	C	0.68%
DBX	B	0.68%
VYX	B	0.67%
IOT	A	0.67%
BLND	B	0.67%
MITK	C	0.67%
ZUO	B	0.67%
GTLB	B	0.67%
PLTK	B	0.67%
PTC	A	0.67%
SWI	B	0.66%
RAMP	C	0.66%
ALRM	C	0.66%
PATH	C	0.65%
DT	C	0.64%
TENB	C	0.64%
CTSH	B	0.64%
SMAR	A	0.64%
BOX	B	0.63%
BRZE	C	0.63%
SPT	C	0.63%
TDC	D	0.63%
AUR	C	0.63%
OSPN	A	0.63%
DLB	B	0.62%
YEXT	A	0.62%
ASGN	F	0.62%
ROP	B	0.62%
APPF	B	0.62%
QXO	D	0.62%
CXM	C	0.61%
GDYN	B	0.61%
BLKB	B	0.61%
SEMR	B	0.61%
INFA	D	0.6%
HCP	B	0.6%
ENV	B	0.6%
VRNT	C	0.59%
MLNK	B	0.59%
VRNS	D	0.59%
U	C	0.58%
SPSC	C	0.58%
IBUY	A	0.55%
NABL	F	0.53%
JAMF	F	0.52%
YOU	D	0.52%
WEAV	B	0.46%
ETWO	F	0.44%
CCSI	C	0.4%
HCKT	B	0.4%
ZETA	D	0.39%
DMRC	C	0.39%
LGTY	D	0.26%

XSW Underweight 85 Positions Relative to IETC

Symbol	Grade	Weight
AVGO	D	-11.87%
NVDA	C	-8.78%
AMZN	C	-8.02%
AAPL	C	-2.42%
MSI	B	-2.4%
GOOGL	C	-2.34%
VRSN	F	-1.99%
CSCO	B	-1.85%
META	D	-1.79%
ICE	C	-1.6%
GOOG	C	-1.44%
QCOM	F	-1.35%
GPN	B	-1.12%
PH	A	-0.99%
MA	C	-0.95%
NTAP	C	-0.78%
EQIX	A	-0.74%
SSNC	B	-0.71%
AMD	F	-0.7%
ABNB	C	-0.66%
VRSK	A	-0.64%
TTD	B	-0.62%
ANET	C	-0.58%
CDW	F	-0.57%
MPWR	F	-0.52%
LMT	D	-0.41%
MU	D	-0.39%
CSGP	D	-0.37%
MCO	B	-0.35%
KLAC	D	-0.34%
G	B	-0.32%
TXN	C	-0.3%
FDS	B	-0.3%
COIN	C	-0.28%
UBER	D	-0.23%
TTEK	F	-0.21%
DASH	A	-0.21%
SQ	B	-0.2%
BAH	F	-0.2%
KEYS	A	-0.18%
MMC	B	-0.18%
TRU	D	-0.17%
LRCX	F	-0.16%
CACI	D	-0.15%
AKAM	D	-0.14%
PINS	D	-0.14%
IQV	D	-0.13%
SWKS	F	-0.13%
MSCI	C	-0.12%
VEEV	C	-0.11%
NSIT	F	-0.1%
IPG	D	-0.1%
TER	D	-0.1%
NDAQ	A	-0.09%
IRM	D	-0.09%
VRT	B	-0.09%
SLB	C	-0.09%
ADP	B	-0.07%
SNAP	C	-0.07%
ROK	B	-0.07%
CPAY	A	-0.06%
TDY	B	-0.06%
CBOE	B	-0.06%
SLAB	D	-0.06%
CPNG	D	-0.06%
DELL	C	-0.06%
JNPR	F	-0.06%
LPLA	A	-0.06%
QRVO	F	-0.06%
BBY	D	-0.06%
FBIN	D	-0.06%
DOCN	D	-0.05%
MMS	F	-0.05%
ILMN	D	-0.05%
SAIC	F	-0.05%
CL	D	-0.04%
GLW	B	-0.03%
ZI	D	-0.02%
ENPH	F	-0.02%
XYL	D	-0.02%
RIVN	F	-0.01%
GDDY	A	-0.01%
ALGN	D	-0.0%
GRAL	C	-0.0%
FTV	C	-0.0%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates