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XSWvsFXLETF Comparison

ETF 1

XSW

State Street SPDR S&P Software & Services ETF

This fund is part of

US Info. Technology

-1.19%

Full XSW fund page

VS

ETF 2

FXL

First Trust Technology AlphaDEX Fund ETF

This fund is part of

US Info. Technology

-1.19%

Full FXL fund page

State Street SPDR S&P Software & Services ETF (XSW) and First Trust Technology AlphaDEX Fund ETF (FXL) belong to the same industry segment: US Info. Technology. XSW's top 3 sector exposures are Technology, Finance and Business Services. In contrast, FXL's top sector exposures are Technology, Industrials and Finance. XSW is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.6% for FXL. XSW is up 13.65% year-to-date (YTD) with +$14M in YTD flows. FXL performs better with 31.58% YTD performance, and +$875M in YTD flows. Run a side-by-side ETF comparison of XSW and FXL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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XSW vs FXL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	XSW FXL	+10.72%+0.47%	+16.78%+16.53%	+13.65%+31.58%	+7.49%+26.26%	+80.62%+112.67%	+17.94%+68.23%
Flows	XSW FXL	+$12M-$45M	+$13M-$67M	+$14M+$875M	+$14M+$859M	+$37M+$606M	-$126M-$782M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	XSW FXL	+29.45%+26.87%	+31.18%+26.96%	+27.70%+25.26%	+29.73%+26.64%
Max drawdown	XSW FXL	-8.58%-7.89%	-31.60%-15.21%	-33.81%-28.19%	-45.27%-38.56%
Max drawdown duration	XSW FXL	54d18d	283d71d	338d156d	1095d821d

Trading data

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	XSW	FXL
Last sale 10/30/2026 at 1:30 PM	$209.60	$213.60
Previous close 10/29/2026	$212.53	$221.15
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	XSW	FXL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 1:30 PM

Live

Closed

	XSW	FXL
Last price	$209.60	$213.60
1D performance	-1.38%	-3.41%
AuM	$536.21 M	$2.78 B
E/R	0.35%	0.6%

Characteristics

	XSW	FXL
Management strategy	Passive	Passive
Provider	State Street Investment Management	First Trust
Benchmark	S&P Software & Services Select Industry Index	StrataQuant Technology Index
N° of holdings	130	110
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 28, 2011	May 8, 2007
ESG	No	No

More XSW data on Trackinsight

More FXL data on Trackinsight

Exposure

Countries

XSW

USA

98.43%

Other

1.57%

FXL

USA

97.01%

Other

2.99%

Sectors

XSW

Technology

77.04%

Finance

12.23%

Other

10.73%

FXL

Technology

86.15%

Other

13.85%

Diversification

XSW

Total weight of top 15 holdings out of 15

13.59%

FXL

Total weight of top 15 holdings out of 15

25.43%

Top 15 holdings

Data as of September 30, 2026

XSW

Rubrik, Inc.

0.98%

CrowdStrike Holdings, Inc.

0.97%

SentinelOne, Inc.

0.93%

Datadog, Inc.

0.93%

Netskope, Inc.

0.92%

Zscaler, Inc.

0.92%

Palo Alto Networks, Inc.

0.90%

Via Transportation, Inc.

0.89%

Cadence Design Systems, Inc.

0.89%

SailPoint, Inc.

0.88%

Rapid7, Inc.

0.88%

Strategy, Inc.

0.88%

ServiceTitan, Inc.

0.88%

Dynatrace, Inc.

0.87%

Commvault Systems, Inc.

0.87%

FXL

Cognizant Technology Solutions Corp.

2.30%

EPAM Systems, Inc.

2.11%

PTC, Inc.

1.89%

Dell Technologies, Inc.

1.84%

RingCentral, Inc.

1.76%

Leidos Holdings, Inc.

1.73%

Twilio, Inc.

1.71%

Amdocs Ltd.

1.69%

CrowdStrike Holdings, Inc.

1.63%

Zoom Communications, Inc.

1.59%

Advanced Micro Devices, Inc.

1.55%

Everpure, Inc.

1.50%

Micron Technology, Inc.

1.39%

Adobe, Inc.

1.38%

Palo Alto Networks, Inc.

1.36%

Frequently asked questions about XSW and FXL

How have the XSW and FXL ETFs performed in 2026?

As of October 29, 2026, XSW is up 13.65% year-to-date (YTD), while FXL has returned 31.58%. That puts FXL better performer ahead so far this year.

Which ETF is attracting more investor money: XSW or FXL?

Year-to-date, the XSW ETF saw +$14M in flows, compared to +$875M for FXL.

Which ETF is more volatile: XSW or FXL?

Over the past year, XSW had a volatility of 31.18%, while FXL experienced 26.96%.

Which ETF is bigger: XSW or FXL?

As of October 29, 2026, XSW holds $536.21 M in assets under management (AUM), while FXL manages $2.78 B.

What sectors do the XSW and FXL ETFs invest in?

XSW leans toward sectors like Technology and Finance. Meanwhile, FXL focuses on Technology.

What are the top holdings of the XSW ETF and FXL ETF?

XSW top holdings include Rubrik, Inc., CrowdStrike Holdings, Inc. and SentinelOne, Inc.. FXL holds in its top three: Cognizant Technology Solutions Corp., EPAM Systems, Inc. and PTC, Inc..

Which ETF is more diversified: XSW or FXL?

XSW holds 130 securities with 13.59% of its assets in the top 15. FXL has 110 securities and a top 15 weight of 25.43%.

ETF Comparison: iShares Expanded Tech-Software Sector ETF (IGV) Versus SPDR S&P Software & Services ETF (XSW)

February 19, 2026

XSW

XSWvsFXLETF Comparison

State Street SPDR S&P Software & Services ETF

First Trust Technology AlphaDEX Fund ETF

XSW vs FXL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the XSW and FXL ETFs performed in 2026?

As of October 29, 2026, XSW is up 13.65% year-to-date (YTD), while FXL has returned 31.58%. That puts FXL better performer ahead so far this year.

Which ETF is attracting more investor money: XSW or FXL?

Year-to-date, the XSW ETF saw +$14M in flows, compared to +$875M for FXL.

Which ETF is more volatile: XSW or FXL?

Over the past year, XSW had a volatility of 31.18%, while FXL experienced 26.96%.

Which ETF is bigger: XSW or FXL?

As of October 29, 2026, XSW holds $536.21 M in assets under management (AUM), while FXL manages $2.78 B.

What sectors do the XSW and FXL ETFs invest in?

XSW leans toward sectors like Technology and Finance. Meanwhile, FXL focuses on Technology.

What are the top holdings of the XSW ETF and FXL ETF?

XSW top holdings include Rubrik, Inc., CrowdStrike Holdings, Inc. and SentinelOne, Inc.. FXL holds in its top three: Cognizant Technology Solutions Corp., EPAM Systems, Inc. and PTC, Inc..

Which ETF is more diversified: XSW or FXL?

XSW holds 130 securities with 13.59% of its assets in the top 15. FXL has 110 securities and a top 15 weight of 25.43%.

ETF Comparison: iShares Expanded Tech-Software Sector ETF (IGV) Versus SPDR S&P Software & Services ETF (XSW)

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