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Sunday, August 23, 2026The Morning Brief →Sign in
XTLSPDR

SPDR S&P Telecom ETF

$212.66+0.65% today
13024852-WK

In seeking to track the performance of the S&P Telecom Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the telecommunications segment of the S&P Total Market Index ("S&P TMI").

Price & daily flows
222.3188.6155.0212.66DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$246M OVER THIS RANGE

The desk’s read

Money is leaving — −$47M walked out over the past month, about 9.0% of the fund's asset base, while the price has returned +35.9% so far this year. At 0.35% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$528Massets under management
0.35%expense ratio · $35 per $10,000 a year
−$47Mnet flow, trailing month
71Kavg daily volume, 30 days
40holdings · US-domiciled
2011listed January 25, 2011 · beta 1.66
The book at a glance
ANET+2.7%VSAT+0.9%MSI+1.4%CMCSA+1.6%T+0.6%IRDM+1.1%VZ+0.5%CALX-0.6%GSAT+0.4%LITE-1.4%UI-2.6%TMUS+1.0%FFIV+1.8%ATEX+9.3%ONDS+3.9%CSCO+1.3%VISN-0.9%CIEN+0.8%NTCT+1.2%UNIT-0.9%TDS-3.2%DGII+1.8%VIAV+0.9%EXTR+3.1%ASTS+5.5%LUMN-1.2%AAOI-3.3%LBTYK+1.1%GLIBK+0.1%HLIT+0.8%ADTN-1.1%NTGR-0.4%IDT+1.1%BAND-1.3%CCOI-8.4%LILAKADGOGOSHEN

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1ANETARISTA NETWORKS3.30%$188.65+2.7%
2VSATVIASAT4.31%$74.72+0.9%
3MSIMOTOROLA SOLUTIONS2.98%$480.47+1.4%
4CMCSACOMCAST2.98%$26.85+1.6%
5TAT&T2.63%$25.29+0.6%
6IRDMIRIDIUM COMMUNICATIONS3.55%$48.98+1.1%
7VZVERIZON COMMUNICATIONS2.66%$49.45+0.5%
8CALXCALIX2.85%$40.12-0.6%
9GSATGLOBALSTAR2.99%$82.36+0.4%
10LITELUMENTUM HOLDINGS2.97%$866.71-1.4%
11UIUBIQUITI2.83%$559.00-2.6%
12TMUST-MOBILE US2.67%$183.04+1.0%
13FFIVF53.14%$384.63+1.8%
14ATEXANTERIX3.11%$93.25+9.3%
15ONDSONDAS HOLDINGS2.61%$8.71+3.9%

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Performance
1 week-4.0%
1 month+1.3%
3 months-9.1%
6 months+20.7%
YTD+35.9%
1 year+64.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$5M
1 month−$47M
3 months−$230M
YTD+$212M
1 year+$246M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
30%realized volatility, 30 days (annualized)
31%realized volatility, 1 year
-19.5%deepest fall from a peak, 1 year
-14.1%where it sits vs. that peak today

The top holding is 4.3% of the book; the top ten carry 33%. Spread across 42+ names, it behaves like roughly 35 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
2calls today
1puts today
0.50put/call ratio
446Kshares traded
Most-traded holdings, options premiumBullishBearish
LITE LUMENTUM HOLDINGS$54M$51M
ASTS AST SPACEMOBILE$17M$14M
AAOI APPLIED OPTOELECTRONICS$13M$17M
ANET ARISTA NETWORKS$8M$10M
CIEN CIENA$6M$9M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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