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State Street SPDR S&P Aerospace & Defense ETF (XAR)

Industrials | Exchange Traded Fund | NYSEArca
266.56 USD +2.39 (0.905%) ⇧ (July 14, 2026, 4 p.m. EDT)
After hours: 267.28 +0.72 (0.269%) ⇧ (July 14, 2026, 7:20 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★★★⯪Dividends:★★⯪☆☆
Hot Take | July 11, 2026, 4:18 a.m. EDT

The aerospace and defense sector is showing exceptional resilience, driven by robust government spending and a booming commercial space industry. Over the last nine years, the fund has delivered a staggering 272% cumulative return, fueled by seven consecutive years of positive annual growth. The most recent year saw a massive 48% surge, indicating that the market is currently pricing in a continuation of this high-growth trajectory. While the valuation is rich with a trailing P/E of 37x, the consistency of earnings and the dominance of top-tier contractors like Lockheed Martin and Northrop Grumman provide a strong safety margin against the high price. The short-term outlook remains constructive, supported by strong momentum and heavy speculative call buying targeting prices well above current levels, though the lack of a meaningful dividend yield limits its appeal for income-focused investors.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.060958
AutoETS0.067804
AutoARIMA0.067805
AutoTheta0.080768

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 46%
H-stat 8.21
Ljung-Box p 0.000
Jarque-Bera p 0.459
Excess Kurtosis -0.48
Attribute Value
Trailing P/E 36.69

As of July 11, 2026, 4:18 a.m. EDT: Speculators are heavily positioned for upside, evidenced by massive open interest walls at $290 and $350 strikes for July expiration, and significant volume spikes at $350. Call open interest dominates put open interest across all expirations, with a 99% out-of-the-money preference for January 2027 contracts. While implied volatility is elevated for near-term puts relative to calls, the sheer volume and open interest concentration in deep out-of-the-money calls suggests a bullish bet on continued sector expansion rather than a hedge against downside.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.02% 0.34% 0.53% 0.50%
Dividend History
Date Dividend Yield %
2026-06-22 0.0620 0.022313
2026-03-23 0.1120 0.042611
2025-12-22 0.1160 0.046437
2025-09-22 0.5190 0.227801
2025-06-23 0.1320 0.065639
2025-03-24 0.1900 0.112459
2024-12-23 0.5700 0.343933
2024-09-23 0.2070 0.132024
2024-06-24 0.1640 0.115574
2024-03-18 0.1560 0.114428
2023-12-18 0.3480 0.261969
2023-09-18 0.1250 0.107315
2023-06-20 0.1430 0.117570
2023-03-20 0.1210 0.107431
2022-12-19 0.1030 0.095521
2022-09-19 0.2030 0.201209
2022-06-21 0.1170 0.118039
2022-03-21 0.1260 0.101180
2021-12-20 0.1170 0.105169
2021-09-20 0.0910 0.077998
2021-06-21 0.1170 0.088342
2021-03-22 0.6460 0.520506
2020-12-21 0.1030 0.092187
2020-09-21 0.0930 0.105239
2020-06-22 0.0910 0.102535
2020-03-23 0.4310 0.678954
2019-12-23 0.1260 0.114213
2019-09-23 0.3950 0.362286
2019-06-24 0.1330 0.129089
2019-03-18 0.1590 0.172807
2018-12-24 0.1430 0.192852
2018-09-21 0.5870 0.594671
2018-06-15 0.0890 0.100101
2018-03-16 0.1200 0.138026
2017-12-15 0.0940 0.112791
2017-09-15 0.3140 0.414303
2017-06-16 0.1010 0.143731
2017-03-17 0.1250 0.182588
2016-12-16 0.3490 0.547279
2016-09-16 0.1210 0.214273
2016-06-17 0.1100 0.197274
2016-03-18 0.1140 0.216771
2015-12-18 0.8170 1.588567
2015-09-18 0.0990 0.188679
2015-06-19 0.0950 0.161565
2015-03-20 0.2125 0.359104
2014-12-19 0.0810 0.151487
2014-09-19 0.0795 0.153906
2014-06-20 0.3320 0.651236
2014-03-21 0.0930 0.181623
2013-12-20 0.4655 0.948741
2013-09-20 0.3365 0.784657
2013-06-21 0.0930 0.246586
2013-03-15 0.0755 0.213458
2012-12-21 0.4520 1.391840
2012-09-21 0.0970 0.317981
2012-06-15 0.0860 0.298042
2012-03-16 0.0855 0.274434
2011-12-16 0.0775 0.287944
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.28

Info Dump

Attribute Value
All Time High 295.39
All Time Low 23.48
Ask 0.0
Ask Size 40
Average Daily Volume10 Day 217,270
Average Daily Volume3 Month 226,196
Average Volume 226,196
Average Volume10Days 217,270
Beta3 Year 1.26
Bid 0.0
Bid Size 160
Category Industrials
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 269.5951
Day Low 266.455
Dividend Yield 0.28
Eps Trailing Twelve Months 7.2649164
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 273.4966
Fifty Day Average Change -6.936615
Fifty Day Average Change Percent -0.02536271
Fifty Two Week Change Percent 23.04145
Fifty Two Week High 295.39
Fifty Two Week High Change -28.830017
Fifty Two Week High Change Percent -0.097599834
Fifty Two Week Low 208.77
Fifty Two Week Low Change 57.789993
Fifty Two Week Low Change Percent 0.27681178
Fifty Two Week Range 208.77 - 295.39
First Trade Date Milliseconds 1,317,303,000,000
Five Year Average Return 0.16010071
Full Exchange Name NYSEArca
Fund Family State Street Investment Management
Fund Inception Date 1,317,168,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary In seeking to track the performance of the S&P Aerospace & Defense Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the aerospace and defense segment of the S&P Total Market Index ("S&P TMI").
Long Name State Street SPDR S&P Aerospace & Defense ETF
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_141049103
Nav Price 264.01938
Net Assets 6,468,274,700.0
Net Expense Ratio 0.35
Open 266.39
Post Market Change 0.7178955
Post Market Change Percent 0.26931855
Post Market Price 267.2779
Post Market Time 1,784,071,235
Previous Close 264.17
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 2.38998
Regular Market Change Percent 0.904714
Regular Market Day High 269.5951
Regular Market Day Low 266.455
Regular Market Day Range 266.455 - 269.5951
Regular Market Open 266.39
Regular Market Previous Close 264.17
Regular Market Price 266.56
Regular Market Time 1,784,059,200
Regular Market Volume 160,274
Short Name State Street SPDR S&P Aerospace
Source Interval 15
Symbol XAR
Three Year Average Return 0.2974163
Total Assets 6,468,274,688
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 36.691406
Trailing Peg Ratio None
Trailing Three Month Nav Returns 11.80981
Trailing Three Month Returns 11.80981
Triggerable 1
Two Hundred Day Average 260.26254
Two Hundred Day Average Change 6.297455
Two Hundred Day Average Change Percent 0.024196547
Type Disp ETF
Volume 160,274
Yield 0.0028
Ytd Return 17.94178