XTN ISSUER
The SPDR S&P Transportation ETF (XTN) is managed by State Street Global Advisors (SSGA), one of the largest asset managers globally. Established to track the S&P Transportation Select Industry Index, XTN provides investors exposure to the transportation segment of the U.S. equity market. With a focus on securities representing various sub-industries within transportation, XTN offers a diversified approach to investing in this sector, aiming to mirror the performance of its underlying index.
XTN DIVIDEND
While the SPDR S&P Transportation ETF (XTN) primarily aims to mirror the performance of the S&P Transportation Select Industry Index, it also offers dividend potential to investors. Dividends within XTN are contingent upon the dividend policies of the underlying companies within the transportation sector, which may vary based on individual company performance and market conditions. Investors seeking exposure to the transportation industry through XTN may benefit from potential dividend distributions alongside the ETF's broader investment objectives.
XTN TRACKING
Tracking the S&P Transportation Select Industry Index is fundamental to the strategy of the SPDR S&P Transportation ETF (XTN). XTN employs a sampling strategy, meaning it doesn't need to purchase all the securities in the index but aims to hold a subset with similar risk-return characteristics. The ETF generally invests at least 80% of its assets in securities from the Index and may include additional equity securities not in the Index, cash equivalents, or money market instruments. With a focus on transportation sub-industries like Air Freight & Logistics, Rail Transportation, and Passenger Airlines, XTN provides investors exposure to this specific sector's performance within the broader U.S. equity market.
XTN CORRELATION
The correlation aspect of the SPDR S&P Transportation ETF (XTN) is essential for understanding its relationship with the transportation sector within the broader U.S. equity market. Given that XTN tracks the S&P Transportation Select Industry Index, its correlation with transportation-related industries such as air freight, logistics, rail transportation, and others is significant. Investors often analyze XTN's correlation with various sectors to gauge market sentiment and identify potential investment opportunities. Our tool, ETF Insider, provides a comprehensive platform to study correlations, offering deep insights and visualizations to understand overlaps and trends within XTN and across other US ETFs.
XTN SECTOR
The XTN ETF, also known as the SPDR S&P Transportation ETF, primarily focuses on the transportation sector. This sector includes various industries such as air freight & logistics, airport services, cargo ground transportation, highways & rail tracks, marine transportation, marine ports & services, passenger airlines, passenger ground transportation, and rail transportation. XTN aims to provide investors with exposure to companies involved in the transportation of goods and people across various modes of transport. By tracking the S&P Transportation Select Industry Index, XTN offers a way to invest in a diverse range of transportation-related companies, potentially benefiting from economic growth and increased trade activity. However, it's important to note that the performance of the ETF can be influenced by factors such as fuel prices, regulatory changes, and global economic conditions affecting the transportation industry.
XTN EXPOSURE
The SPDR S&P Transportation ETF (XTN) provides exposure to the transportation sector of the U.S. equity market, tracking the performance of the S&P Transportation Select Industry Index. This ETF offers investors a chance to participate in various sub-industries within transportation, including Air Freight & Logistics, Airport Services, Cargo Ground Transportation, Highways & Rail Tracks, Marine Transportation, Marine Ports & Services, Passenger Airlines, Passenger Ground Transportation, and Rail Transportation. Through a sampling strategy, XTN aims to hold a portfolio of securities that reflect the risk and return characteristics of the Index.