A share of the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) closed at $226.42 on May 29, 2025.
One year later, on May 29, 2026, it closed at $613.05, a 171% gain on a fund that markets itself, accurately, as a boring equal-weight basket of US chip stocks
If you put $10,000 into XSD the morning after Memorial Day weekend in 2025 and did absolutely nothing, you were sitting on something close to $27,000 by Memorial Day weekend 2026. The headline is real. The reason it happened is more interesting than the chart.
The arithmetic, in plain dollars XSD started 2026 at $321.42 and ran to $613.05 by May 29, a 91% year-to-date move in five months. The one-month picture is even more compressed. The fund opened April 29 at $465.20 and finished May 29 at $613.05, a 32% gain in 30 days.