XTNETF / FundState Street(R) SPDR(R) S&P(R) Transportation ETF
Verdicts genuinely change. Free email alert the moment XTN's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
State Street(R) SPDR(R) S&P(R) Transportation ETF ETF · SPDR SERIES TRUST
47 holdings · as of 2026-06-30 (4.0 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 42.34% of portfolio weight is in non-compliant holdings, over the 5% threshold.
47 holdings, 36 matched (83% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
0.57% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (35 of 47 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
41.6% compliant 0.0% questionable 41.3% non-compliant 17.0% unscreened
All holdings (47)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Allegiant Travel Co | UNSCREENED | 3.61% | no in-house ratios for this holding |
| AAL American Airlines Group Inc | NON_COMPLIANT | 3.31% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UAL United Airlines Holdings Inc | NON_COMPLIANT | 3.26% | AAOIFI93.1% Usmani39.8% Dow Jones Islamic109.0% S&P Shariah132.3% MSCI Islamic39.8% MSCI Islamic M-Series132.3% FTSE Shariah31.3% |
| ALK Alaska Air Group Inc | NON_COMPLIANT | 3.08% | AAOIFI158.3% Usmani35.0% Dow Jones Islamic123.9% S&P Shariah132.3% MSCI Islamic35.0% MSCI Islamic M-Series132.3% FTSE Shariah28.5% |
| JBLU JetBlue Airways Corp | NON_COMPLIANT | 3.06% | AAOIFI564.6% Usmani60.2% Dow Jones Islamic510.7% S&P Shariah514.8% MSCI Islamic60.2% MSCI Islamic M-Series514.8% FTSE Shariah54.7% |
| LUV Southwest Airlines Co | NON_COMPLIANT | 3.06% | AAOIFI36.4% Usmani22.9% Dow Jones Islamic36.4% S&P Shariah38.5% MSCI Islamic22.9% MSCI Islamic M-Series38.5% FTSE Shariah19.7% |
| DAL Delta Air Lines Inc | NON_COMPLIANT | 3.01% | AAOIFI35.9% Usmani21.9% Dow Jones Islamic46.8% S&P Shariah52.9% MSCI Islamic21.9% MSCI Islamic M-Series52.9% FTSE Shariah15.0% |
| SKYW SkyWest Inc | NON_COMPLIANT | 2.87% | AAOIFI62.0% Usmani32.2% Dow Jones Islamic59.8% S&P Shariah68.4% MSCI Islamic32.2% MSCI Islamic M-Series68.4% FTSE Shariah31.0% |
| LYFT Lyft Inc | NON_COMPLIANT | 2.68% | AAOIFI19.4% Usmani14.2% Dow Jones Islamic20.0% S&P Shariah20.8% MSCI Islamic13.5% MSCI Islamic M-Series20.8% FTSE Shariah11.5% |
| GXO GXO Logistics Inc | NON_COMPLIANT | 2.61% | AAOIFI110.4% Usmani53.3% Dow Jones Islamic105.4% S&P Shariah102.0% MSCI Islamic49.5% MSCI Islamic M-Series102.0% FTSE Shariah25.9% |
| UBER Uber Technologies Inc | COMPLIANT | 2.59% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| UPS United Parcel Service Inc | NON_COMPLIANT | 2.56% | AAOIFI32.8% Usmani40.2% Dow Jones Islamic40.1% S&P Shariah37.0% MSCI Islamic40.2% MSCI Islamic M-Series37.0% FTSE Shariah34.4% |
| JB Hunt Transport Services Inc | UNSCREENED | 2.53% | no in-house ratios for this holding |
| CSX CSX Corp | COMPLIANT | 2.52% | AAOIFI21.8% Usmani43.3% Dow Jones Islamic27.6% S&P Shariah28.4% MSCI Islamic43.3% MSCI Islamic M-Series28.4% FTSE Shariah42.2% |
| WERN Werner Enterprises Inc | NON_COMPLIANT | 2.51% | AAOIFI40.9% Usmani30.2% Dow Jones Islamic45.8% S&P Shariah43.2% MSCI Islamic28.7% MSCI Islamic M-Series43.2% FTSE Shariah25.4% |
| CH Robinson Worldwide Inc | UNSCREENED | 2.51% | no in-house ratios for this holding |
| NSC Norfolk Southern Corp | COMPLIANT | 2.51% | AAOIFI22.6% Usmani36.8% Dow Jones Islamic27.1% S&P Shariah29.0% MSCI Islamic36.8% MSCI Islamic M-Series29.0% FTSE Shariah36.8% |
| UNP Union Pacific Corp | COMPLIANT | 2.50% | AAOIFI18.2% Usmani43.8% Dow Jones Islamic22.0% S&P Shariah22.4% MSCI Islamic43.8% MSCI Islamic M-Series22.4% FTSE Shariah42.6% |
| U-Haul Holding Co | UNSCREENED | 2.50% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 2.49% | no in-house ratios for this holding |
| Joby Aviation Inc | UNSCREENED | 2.48% | no in-house ratios for this holding |
| MATX Matson Inc | COMPLIANT | 2.45% | AAOIFI10.7% Usmani15.2% Dow Jones Islamic16.1% S&P Shariah17.1% MSCI Islamic15.2% MSCI Islamic M-Series17.1% FTSE Shariah7.1% |
| EXPD Expeditors International of Washington Inc | COMPLIANT | 2.44% | AAOIFI2.3% Usmani11.0% Dow Jones Islamic3.2% S&P Shariah3.2% MSCI Islamic11.0% MSCI Islamic M-Series3.2% FTSE Shariah0.0% |
| SNDR Schneider National Inc | COMPLIANT | 2.43% | AAOIFI6.5% Usmani7.9% Dow Jones Islamic8.2% S&P Shariah8.6% MSCI Islamic7.9% MSCI Islamic M-Series8.6% FTSE Shariah7.9% |
| HUBG Hub Group Inc | COMPLIANT | 2.42% | AAOIFI22.6% Usmani17.2% Dow Jones Islamic16.7% S&P Shariah16.6% MSCI Islamic17.2% MSCI Islamic M-Series16.6% FTSE Shariah8.8% |
| KNX Knight-Swift Transportation Holdings Inc | COMPLIANT | 2.42% | AAOIFI22.0% Usmani26.4% Dow Jones Islamic29.8% S&P Shariah30.4% MSCI Islamic21.6% MSCI Islamic M-Series30.4% FTSE Shariah18.7% |
| FDX FedEx Corp | NON_COMPLIANT | 2.41% | AAOIFI55.5% Usmani43.2% Dow Jones Islamic60.9% S&P Shariah62.7% MSCI Islamic41.7% MSCI Islamic M-Series62.7% FTSE Shariah24.3% |
| R Ryder System Inc | NON_COMPLIANT | 2.40% | AAOIFI89.3% Usmani52.5% Dow Jones Islamic114.3% S&P Shariah129.2% MSCI Islamic52.5% MSCI Islamic M-Series129.2% FTSE Shariah46.3% |
| KEX Kirby Corp | COMPLIANT | 2.40% | AAOIFI16.8% Usmani19.6% Dow Jones Islamic18.8% S&P Shariah19.7% MSCI Islamic19.6% MSCI Islamic M-Series19.7% FTSE Shariah16.6% |
| RXO RXO Inc | COMPLIANT | 2.36% | AAOIFI21.9% Usmani21.0% Dow Jones Islamic23.4% S&P Shariah24.9% MSCI Islamic21.0% MSCI Islamic M-Series24.9% FTSE Shariah14.3% |
| XPO XPO Inc | COMPLIANT | 2.33% | AAOIFI16.4% Usmani45.9% Dow Jones Islamic21.6% S&P Shariah24.4% MSCI Islamic45.9% MSCI Islamic M-Series24.4% FTSE Shariah36.6% |
| LSTR Landstar System Inc | COMPLIANT | 2.33% | AAOIFI0.0% Usmani4.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ODFL Old Dominion Freight Line Inc | COMPLIANT | 2.26% | AAOIFI0.1% Usmani0.3% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.3% |
| SAIA Saia Inc | COMPLIANT | 2.23% | AAOIFI2.8% Usmani7.2% Dow Jones Islamic2.7% S&P Shariah2.5% MSCI Islamic7.2% MSCI Islamic M-Series2.5% FTSE Shariah2.7% |
| ARCB ArcBest Corp | COMPLIANT | 2.14% | AAOIFI14.9% Usmani18.7% Dow Jones Islamic21.2% S&P Shariah19.5% MSCI Islamic18.7% MSCI Islamic M-Series19.5% FTSE Shariah8.8% |
| FDXF Fedex Freight Holding Co Inc | COMPLIANT | 2.12% | AAOIFI31.8% Usmani89.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic89.3% MSCI Islamic M-Series— FTSE Shariah62.6% |
| CAR Avis Budget Group Inc | NON_COMPLIANT | 1.95% | AAOIFI196.3% Usmani30.3% Dow Jones Islamic200.4% S&P Shariah195.2% MSCI Islamic30.3% MSCI Islamic M-Series195.2% FTSE Shariah19.7% |
| MRTN Marten Transport Ltd | COMPLIANT | 1.61% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ULCC Frontier Group Holdings Inc | NON_COMPLIANT | 1.59% | AAOIFI397.8% Usmani74.8% Dow Jones Islamic439.7% S&P Shariah442.7% MSCI Islamic74.8% MSCI Islamic M-Series442.7% FTSE Shariah8.3% |
| GNK Genco Shipping & Trading Ltd | NON_COMPLIANT | 1.26% | AAOIFI26.8% Usmani25.8% Dow Jones Islamic42.8% S&P Shariah44.8% MSCI Islamic25.8% MSCI Islamic M-Series44.8% FTSE Shariah25.3% |
| FIP FTAI Infrastructure Inc | NON_COMPLIANT | 0.72% | AAOIFI711.2% Usmani49.9% Dow Jones Islamic447.0% S&P Shariah466.7% MSCI Islamic49.9% MSCI Islamic M-Series466.7% FTSE Shariah48.1% |
| Hertz Global Holdings Inc | UNSCREENED | 0.67% | no in-house ratios for this holding |
| Covenant Logistics Group Inc | UNSCREENED | 0.64% | no in-house ratios for this holding |
| HTLD Heartland Express Inc | COMPLIANT | 0.64% | AAOIFI15.2% Usmani12.5% Dow Jones Islamic17.8% S&P Shariah16.7% MSCI Islamic12.5% MSCI Islamic M-Series16.7% FTSE Shariah11.5% |
| State Street Global Advisors | UNSCREENED | 0.03% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.01% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 15 points of portfolio weight — 53.4% of it passes FTSE Shariah, 38.0% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 41.8% ratios fail on 43.2% 17.5% not rated under AAOIFI
ratios pass on 45.7% ratios fail on 39.3% 17.5% not rated under Usmani
ratios pass on 38.2% ratios fail on 44.7% 19.6% not rated under Dow Jones Islamic
ratios pass on 40.9% ratios fail on 42.0% 19.6% not rated under S&P Shariah
ratios pass on 38.0% ratios fail on 44.1% 20.3% not rated under MSCI Islamic
ratios pass on 38.2% ratios fail on 44.7% 19.6% not rated under MSCI Islamic M-Series
ratios pass on 53.4% ratios fail on 28.8% 20.3% not rated under FTSE Shariah
36 of 47 listed holdings carry our own per-methodology verdicts (85% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 35 (82% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| AAL American Airlines Group Inc | 3.31% |
| UAL United Airlines Holdings Inc | 3.26% |
| ALK Alaska Air Group Inc | 3.08% |
| JBLU JetBlue Airways Corp | 3.06% |
| LUV Southwest Airlines Co | 3.06% |
| DAL Delta Air Lines Inc | 3.01% |
| SKYW SkyWest Inc | 2.87% |
| LYFT Lyft Inc | 2.68% |
| GXO GXO Logistics Inc | 2.61% |
| UPS United Parcel Service Inc | 2.56% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
State Street(R) SPDR(R) S&P(R) Transportation ETF (XTN) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for XTN — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.50 | NEUTRAL |
| Stochastic %K (14) | 41.56 | NEUTRAL |
| CCI (20) | -22.93 | NEUTRAL |
| Williams %R (14) | -58.44 | NEUTRAL |
| MACD (12,26,9) | 0.28 | BUY |
| ROC (10) | 0.60 | BUY |
| Momentum (10) | 0.59 | BUY |
| EMA (10) | 98.60 | BUY |
| SMA (10) | 98.35 | BUY |
| EMA (20) | 99.01 | BUY |
| SMA (20) | 98.91 | BUY |
| EMA (30) | 99.78 | SELL |
| SMA (30) | 99.15 | BUY |
| EMA (50) | 101.49 | SELL |
| SMA (50) | 101.33 | SELL |
| EMA (100) | 103.45 | SELL |
| SMA (100) | 107.39 | SELL |
| EMA (200) | 100.88 | SELL |
| SMA (200) | 104.00 | SELL |
About State Street(R) SPDR(R) S&P(R) Transportation ETF
In seeking to track the performance of the S&P Transportation Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation segment of the S&P Total Market Index ("S&P TMI").
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 43 |
| ⏰ 4H | BEARISH | 17 |
| 🕐 1H | BULLISH | 71 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.