When a company such as SPDR Series Trust - S&P Software and Services 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 XSW 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 Software and Services ETF shares, starting with a $10,000 purchase of XSW, presented on a split-history-adjusted basis factoring in the complete XSW split history.

About SPDR Series Trust - S&P Software and Services ETF

SPDR S&P Software & Services is an open-end investment management company. The Fund seeks to replicate as closely as possible, before expenses, the performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking this objective, the Fund uses a replication strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $62,351,771 and $62,323,393, respectively. According to our XSW split history records, SPDR Series Trust - S&P Software and Services ETF has had 1 split.

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