Biggest tech ETF  Technology Select Sector SPDR Fund XLK has a P/E of 27.53X while the following ETFs have a lower P/E than that of XLK. Technology Select Sector SPDR ETF (XLK): ETF Research Reports Cramer explained that big tech names like Google-parent Alphabet (GOOGL) and Microsoft’s (MSFT) business model is not that responsive to changes in inflation, including the rise in prices for raw materials, chemicals and commodities like gas, plastics, packaging and so on.