Technology Select Sector SPDR Fund returns 34% in 2026, driven by NVIDIA’s $82 billion revenue surge and Apple’s record $111 billion quarter.
A $10,000 investment in the Technology Select Sector SPDR Fund (XLK) on December 31, 2025, grew to $13,434 by June 4, 2026, a 34% return. The S&P 500 (SPY) returned 11% in the same period, lagging XLK by 23 percentage points.
XLK’s performance is fueled by its top holdings, with NVIDIA and Apple leading gains. NVIDIA’s revenue surged 85% to $82 billion, while Apple reported a record $111 billion quarter. The fund’s 40% allocation to its top three stocks—NVIDIA, Apple, and Microsoft—has driven its outperformance.
The Nasdaq-100 (QQQ), another tech-heavy benchmark, rose 21% year-to-date, trailing XLK by 14 percentage points. Hyperscaler capital expenditures and stable China export rules remain key catalysts for further gains.