Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Financial Sector ETF Hits Record High on Fintech Gains

BY | ETF Database
10:20 am ET 07/28/26 | 6 VIEWS
Shares of the State Street Financial Select Sector SPDR ETF (XLF A) touched a fresh all-time high Tuesday. That gain is part of a broader shift in the market. Money has moved out of high-flying tech names and into more traditional corners of Wall Street.Key Takeaways: XLF hit an all-time high of $57.33 Tuesday, lifting assets to $49.18 billion. Coinbase and Block each gained more than 5% in the latest session. PayPal surged 26.6% over the past month, the fund’s biggest gainer. XLF’s advance came even as some of the tech weakness that fueled the broader shift faded. The Nasdaq Composite fell 0.8% and the VanEck Semiconductor ETF (SMH B) dropped 4% in early trading, according to CNBC. Both had recovered by Tuesday afternoon, with the Nasdaq Composite up 0.04% and SMH up 2.8%. Healthcare stocks climbed alongside financials. The State Street Health Care Select Sector SPDR ETF (XLV A) also touched a fresh intraday record, according to CNBC. XLF’s new high shows that the rally in financial stocks reaches well beyond the big banks that typically dominate the sector. The fund opened at $57.13 on Tuesday and touched an intraday high of $57.33, matching its 52-week high. It has $49.18 billion in assets, according to ETF Database. With holdings spanning banks, insurers, payment processors, and exchanges, the fund gives investors broad exposure across the financial sector rather than a narrow bet on any single corner of it. See more: Time to Upgrade Financials? The Bull Case for Banks Coinbase Global, Inc. (COIN) rose 5.8% and Block, Inc. (XYZ) climbed 5.3%. FactSet Research Systems Inc. (FDS) added 4.5% and Fidelity National Information Services, Inc. (FIS) gained nearly 4%, according to State Street. Alternative asset managers and large lenders carried more of the load over the past week. Blackstone Inc. (BX) gained 7.3% and Ares Management Corp. (ARES) added 5.4%. JPMorgan Chase & Co. (JPM) rose 5.1%.Financial Momentum Builds Over the MonthXLF’s climb over the past month tells a similar story, with the fund up more than 6% in that span. Payment companies once again led the way, according to State Street. PayPal Holdings, Inc. (PYPL) rose 26.6% over the past month, the fund’s largest gain among individual holdings for the period. Global Payments Inc. (GPN) added 20.4% and Intercontinental Exchange, Inc. (ICE) climbed 20.1%. Exchange operators Nasdaq, Inc. (NDAQ) and Cboe Global Markets, Inc. (CBOE) also gained over the same stretch. NDAQ rose 19.6% and CBOE climbed 19.3%, according to State Street. ARES, also one of the fund’s top performers this past week, climbed 17.1% over the past month, one of several capital markets firms among XLF’s biggest monthly gainers. For more news, information, and analysis, visit our Sector Investing Content Hub.

More Commentary

Gold Can Shine Again and in a Big Way
BY | ETF Database
9:04 am ET 07/28/26 | 12 VIEWS
Morgan Stanley Expands Crypto ETF Suite With New Ethereum & Solana Trusts
BY | ETF Database
5:33 am ET 07/28/26 | 18 VIEWS
Why SPMO Stands Out in a Strong Momentum Year
BY | ETF Database
10:07 am ET 07/28/26 | 8 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.