State Street SPDR S&P Transportation ETF (XTN) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
State Street SPDR S&P Transportation ETF (XTN) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $153.2M, listed on AMEX, carrying a beta of 1.69 to the broader market. The State Street SPDR S&P Transportation ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Transportation Select Industry Index (the "Index")Seeks to provide exposure to the transportation segment of the S&P TMI, comprises the following sub-industries: Air Freight & Logistics, Airport Services, Cargo Ground Transportation, Highways & Rail Tracks, Marine Transportation, Marine Ports & Services,Passenger Airlines, Passenger Ground Transportation, and Rail TransportationSeeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocksAllows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing public since 2011-01-27.
Snapshot as of May 15, 2026.
- Spot Price
- $101.34
- ATM IV
- 33.9%
- HV 20-Day
- 39.8%
- HV 60-Day
- 37.2%
- IV Rank
- 57.7%
- IV Percentile
- 84.5%
As of May 15, 2026, State Street SPDR S&P Transportation ETF (XTN) ATM implied volatility is 33.9%. 20-day realized volatility is 39.8%, producing an IV-HV spread of -5.9 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 57.7%.
How XTN iv/hv history Data Feeds Strategy Selection
Strategy selection on State Street SPDR S&P Transportation ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 33.9% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked XTN iv/hv history questions
- Is XTN options pricing rich or cheap right now?
- As of May 15, 2026, State Street SPDR S&P Transportation ETF (XTN) ATM IV is 33.9% against 20-day realized volatility of 39.8%. IV rank is 57.7%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the XTN variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. XTN is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does XTN IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. XTN's current rank of 57.7% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.