XAR
SPDR S&P Aerospace & Defense ETF

Price: $98.50
Change: $0.32 (-0.0%)
Category: Industrials Equities
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Sep 28, 2011
Index Tracked S&P Aerospace & Defense Select Industry

Analyst Report

This ETF offers targeted exposure to the aerospace & defense sector, a corner of the domestic economy that is capable of generating significant returns but that may also be subject to political risk in certain environments. Given the narrow focus of XAR—as well as the fact that the fund focuses primarily on large cap stocks—there might be little use for this fund in long-term, buy-and-hold portfolios (since most of the stocks held in XAR are already included in broad-based equity funds). This ETF can, however, be a useful tool for tactical traders looking to overweight this corner of the market.


For investors seeking broad-based exposure to the industrials sector, there are a number of options available in the Industrials ETFdb Category. And there are other targeted aerospace and defense ETFs as well, including the more established ITA and PPA. This ETF from State Street stands out from the competition in a couple of ways. First, the underlying index is equal-weighted, giving this fund a balanced portfolio that avoids significant company specific risk (and may address concerns about the efficiency of cap-weighted benchmarks). Second, XAR is cheaper than the competition, an obvious plus for those seeking to minimize expenses.


Given the targeted focus of this fund, XAR probably isn’t for everyone. But for investors looking to access the aerospace & defense sector, this fund is the best option out there.

ETF Database Themes

Category Industrials Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Industrials
Sector (Specific) Aerospace & Defense
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Aerospace & Defense
Category Sector
Focus Industrials
Niche Aerospace & Defense
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $95.35
  • 52 Week Hi $136.27
  • AUM $1,222.5 M
  • Shares 12.4 M

Historical Trading Data

  • 1 Month Avg. Volume 110,373
  • 3 Month Avg. Volume 169,953

Alternative ETFs in the ETF Database Industrials Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FIDU 0.08% $651.1 M 94,191 -20.23%
Largest (AUM) XLI 0.10% $12.7 B 12 M -18.27%
Most Liquid (Volume) XLI 0.10% $12.7 B 12 M -18.27%
Top YTD Performer PPA 0.61% $1.2 B 230,623 -6.07%

Alternative ETFs in the FactSet Equity: U.S. Aerospace & Defense Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest ITA 0.42% $3.6 B 638,608 -6.81%
Largest (AUM) ITA 0.42% $3.6 B 638,608 -6.81%
Most Liquid (Volume) ITA 0.42% $3.6 B 638,608 -6.81%
Top YTD Performer PPA 0.61% $1.2 B 230,623 -6.07%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

XAR ETF Database Category Average FactSet Segment Average
Number of Holdings 35 107 43
% of Assets in Top 10 35.99% 40.10% 54.93%
% of Assets in Top 15 53.32% 51.84% 68.78%
% of Assets in Top 50 99.97% 86.38% 99.75%

Size Comparison

XAR ETF Database Category Average FactSet Segment Average
Large (>12.9B) 36.19% 62.93% 59.44%
Mid (>2.7B) 37.86% 24.62% 28.10%
Small (>600M) 25.05% 11.91% 11.95%
Micro (<600M) 0.89% 0.55% 0.51%

XAR Valuation

This section compares the P/E ratio of this ETF to its peers.

XAR
P/E Ratio
24.23
ETF Database Category Average
P/E Ratio
23.93
FactSet Segment Average
P/E Ratio
26.32

XAR Dividend

This section compares the dividend yield of this ETF to its peers.

XAR ETF Database Category Average FactSet Segment Average
Dividend $ 0.09 $ 0.22 $ 0.12
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 0.96 $ 0.72 $ 0.76
Annual Dividend Yield 0.78% 0.97% 0.73%

XAR Price and Volume Charts

View charts featuring XAR price and volume data.

XAR Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -4.88 M 1 Month Net Flows: -4.94 M 3 Month Net Flows: -145.07 M 6 Month Net Flows: 374.09 M 1 Year Net Flows: 236.16 M 3 Year Net Flows: -64.93 M 5 Year Net Flows: 540.33 M 10 Year Net Flows: 1.07 B

XAR Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -27.79 M
1 Month Net AUM Change: -76.69 M
3 Month Net AUM Change: -495.02 M
6 Month Net AUM Change: 158.57 M
1 Year Net AUM Change: -168.77 M
3 Year Net AUM Change: -370.55 M
5 Year Net AUM Change: 580.42 M
10 Year Net AUM Change: 1.21 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for XAR on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Industrials Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

XAR Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

XAR
Expense Ratio
0.35%
ETF Database Category Average
Expense Ratio
0.44%
FactSet Segment Average
Expense Ratio
0.46%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
8.13/10
ESG Score
73.06%
Global Percentile
71.67%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      0.52%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      35.84
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      0.52%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      60.15%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

XAR Performance

This section shows how this ETF has performed relative to its peers.

XAR ETF Database
Category Average 		Factset Segment
Average
1 Month Return -3.37% -5.45% -1.27%
3 Month Return -21.83% -17.95% -12.51%
YTD Return -15.24% -18.42% -7.03%
1 Year Return -25.40% -17.41% -12.03%
3 Year Return -2.19% 9.95% -0.74%
5 Year Return 47.64% 31.05% 32.59%

Geographic Exposure

The following charts reflect the geographic spread of XAR's underlying holdings.

Region Percentage
North, Central and South America 99.97%
Country Percentage
United States 99.79%
Other 0.18%

Holdings Analysis

The following charts reflect the allocation of XAR's underlying holdings.

Sector Percentage
Electronic Technology 85.77%
Technology Services 6.76%
Utilities 3.45%
Producer Manufacturing 3.43%
Commercial Services 0.38%
Miscellaneous 0.18%
Market Cap Percentage
Mid 37.86%
Large 36.19%
Small 25.05%
Micro 0.89%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.79%
Open-ended Fund 0.18%
 
View Less Charts
 
Sector Percentage
Electronic Technology 85.77%
Technology Services 6.76%
Utilities 3.45%
Producer Manufacturing 3.43%
Commercial Services 0.38%
Miscellaneous 0.18%
 
View More Charts
 

XAR Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 154.64%
20 Day Volatility 33.73%
50 Day Volatility 33.51%
200 Day Volatility 30.53%
Beta 1.2
Standard Deviation 7.55%
 
View Detailed Analysis
 
5 Day Volatility
154.64%
Rank
13 of 19
Low
SEA (13.90%)
High
PRN (250.24%)
20 Day Volatility
33.73%
Rank
6 of 19
Low
EXI (25.66%)
High
JETS (48.84%)
50 Day Volatility
33.51%
Rank
5 of 19
Low
EXI (24.51%)
High
JETS (46.34%)
200 Day Volatility
30.53%
Rank
5 of 19
Low
XLI (22.30%)
High
JETS (48.54%)
Beta
1.2
Rank
11 of 19
Low
ARKX (-1.29)
High
JETS (1.52)
Standard Deviation
7.55%
Rank
4 of 18
Low
ROKT (1.73%)
High
VIS (9.54%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $104.57
  • 60 Day MA $111.67
  • MACD 15 Period -5.19
  • MACD 100 Period -15.48
  • Williams % Range 10 Day 79.07
  • Williams % Range 20 Day 81.33
  • RSI 10 Day 37
  • RSI 20 Day 39
  • RSI 30 Day 40
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $93.22
  • Upper Bollinger (10 Day) $107.39
  • Lower Bollinger (20 Day) $94.23
  • Upper Bollinger (20 Day) $114.80
  • Lower Bollinger (30 Day) $95.62
  • Upper Bollinger (30 Day) $112.87

Support & Resistance

  • Support Level 1 $97.22
  • Support Level 2 $95.95
  • Resistance Level 1 $99.54
  • Resistance Level 2 $100.59

Stochastic

  • Stochastic Oscillator %D (1 Day) 55.20
  • Stochastic Oscillator %D (5 Day) 50.38
  • Stochastic Oscillator %K (1 Day) 49.14
  • Stochastic Oscillator %K (5 Day) 38.71

Tradability

  • Tracking Difference Median (%) -0.35
  • Tracking Difference Max Upside (%) -0.20
  • Tracking Difference Max Downside (%) -0.54
  • Median Premium Discount (%) 0.00
  • Maximum Premium Discount (%) 0.17
  • Average Spread (%) 9.16
  • Average Spread ($) 9.16

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the Fact Sheet PDF

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ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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