Should You Invest in the State Street SPDR NYSE Technology ETF (XNTK)?
The State Street SPDR NYSE Technology ETF (XNTK) is a passively managed fund tracking 35 U.S. technology companies with a low 0.35% expense ratio and $1.85 billion in assets. The ETF has gained 26.7% year-to-date and 45.7% over the past year, earning a Zacks ETF Rank of 1 (Strong Buy). However, it carries higher volatility with a beta of 1.45 and concentrated exposure with only 37 holdings.