When a company such as SPDR Series Trust - S&P Aerospace and Defense ETF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the XAR split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - S&P Aerospace and Defense ETF shares, starting with a $10,000 purchase of XAR, presented on a split-history-adjusted basis factoring in the complete XAR split history.

About SPDR Series Trust - S&P Aerospace and Defense ETF

SPDR S&P Aerospace & Defense is an open-end investment management company. The Fund's investment objective is to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of multinational blue-chip issuers. In seeking this objective, the Fund uses a replication strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $185,340,525 and $185,241,159, respectively. According to our XAR split history records, SPDR Series Trust - S&P Aerospace and Defense ETF has had 1 split.

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