Benzinga reviewed the 10-year performance of State Street Technology Select Sector SPDR ETF (NYSE: XLK), highlighting a long-term return profile that exceeded the broader market over the period covered. According to the report, XLK outperformed the market by 10.7% on an annualized basis across the past 10 years and produced an average annual return of 24.33%.
XLK’s 10-year annualized performance
The article states that State Street Technology Select Sector SPDR ETF currently has a market capitalization of $125.26 billion. That figure is presented alongside the fund’s historical performance data, giving readers both a scale reference and a return comparison for the past decade.
The central calculation in the report uses a hypothetical long-term holding period. If an investor had purchased $1,000 worth of XLK 10 years ago and held it through the time of writing, that position would now be valued at $8,795.77. The calculation is based on XLK trading at $191.44 at the time the article was written.
$1,000 investment grows to $8,795.77
The figures cited in the article connect the ETF’s average annual return of 24.33% with the dollar-based outcome of the hypothetical investment. The report’s performance section is specifically framed around State Street Technology Select Sector SPDR ETF’s results over the last 10 years, with the $1,000 investment example serving as a simple way to express that return in portfolio terms.
Key numbers from the report include the 10-year time frame, the 10.7% annualized outperformance versus the market, the 24.33% average annual return, the $125.26 billion market capitalization, the $191.44 price used in the calculation, and the final hypothetical value of $8,795.77 for a $1,000 investment made 10 years earlier.