The SPDR NYSE Technology ETF (XNTK) made its debut on 09/25/2000, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market.What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.Fund Sponsor & IndexManaged by State Street Global Advisors, XNTK has amassed assets over $364.49 million, making it one of the average sized ETFs in the Technology ETFs. This particular fund seeks to match the performance of the NYSE Technology Index before fees and expenses.The NYSE Technology Index is composed of 35 leading U.S.-listed technology-related companies.Cost & Other ExpensesExpense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Annual operating expenses for this ETF are 0.35%, making it one of the least expensive products in the space.It's 12-month trailing dividend yield comes in at 0.77%.Sector Exposure and Top HoldingsETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.This ETF has heaviest allocation in the Information Technology sector - about 67.60% of the portfolio. Consumer Discretionary and Telecom round out the top three.Taking into account individual holdings, International Business Machines Corporation (IBM) accounts for about 4.65% of the fund's total assets, followed by Apple Inc. (AAPL) and Booking Holdings Inc. (BKNG).The top 10 holdings account for about 37.1% of total assets under management.Performance and RiskThe ETF has lost about -40.89% so far this year and is down about -37.03% in the last one year (as of 09/29/2022). In the past 52-week period, it has traded between $96.15 and $175.28.XNTK has a beta of 1.19 and standard deviation of 33.26% for the trailing three-year period. With about 36 holdings, it has more concentrated exposure than peers.AlternativesSPDR NYSE Technology ETF is an excellent option for investors seeking to outperform the Technology ETFs segment of the market. There are other ETFs in the space which investors could consider as well.Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. Technology Select Sector SPDR ETF has $37.41 billion in assets, Vanguard Information Technology ETF has $41.16 billion. XLK has an expense ratio of 0.10% and VGT charges 0.10%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Technology ETFs.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR NYSE Technology ETF (XNTK): ETF Research Reports Apple Inc. (AAPL): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports Booking Holdings Inc. (BKNG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research