With its fast start, XLC is quickly closing in on the smallest sector SPDR ETFs, the Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) and the Materials Select Sector SPDR (NYSEArca: XLB).
“State Street’s SPDR sector ETFs on average hold about $13 billion in assets. The three-month-old communication services product is already closing in on the two least-popular funds in the group, which track real estate and materials stocks,” according to Bloomberg.
XLC holds 26 stocks and charges 0.13% per year, or $13 on a $10,000 investment. The ETF has seen third-quarter inflows of $1.70 billion.
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