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BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) Sharpe Ratio: 0.78

ETF · Currency in CAD · Last updated Aug 1, 2026

The BMO SPDR Technology Select Sector Index ETF (Hedged Units) aims to replicate the performance of the Technology Select Sector Index, providing exposure to large-cap U.S. information technology companies, with U.S. dollar currency exposure hedged back to the Canadian dollar.

ZXLK.TO's Sharpe Ratio of 0.78 indicates that for each unit of volatility, it generates 0.78 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ZXLK.TO Sharpe Ratio Rank

ZXLK.TO Sharpe Ratio Rank: 31.531
Below Average

ZXLK.TO ranks above 31.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

ZXLK.TO Sharpe Ratio Market Positioning

The chart shows ZXLK.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.56 or lower
  • Yellow zone (middle 50%): 0.56 to 1.73
  • Green zone (top 25%): 1.73 or higher
  • Top 1%: 6.35+
  • Median: 1.25 — half of all investments score higher

How it compares to other similar ETFs

The table compares BMO SPDR Technology Select Sector Index ETF's Sharpe Ratio with other ETFs in the Technology Equities category across multiple time periods, showing how ZXLK.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
XCHP.TOiShares Semiconductor Index ETF2.60
YGOG.NEOAlphabet (GOOGL) Yield Shares Purpose ETF2.53
HBGD.TOGlobal X Big Data & Hardware Index ETF1.86
CHPS.TOGlobal X Artificial Intelligence Semiconductor Index ETF1.85
TECI.TOTD Global Technology Innovators Index ETF1.66
QQQT.TOEvolve NASDAQ Technology Index Fund CAD Hedged1.39
TXF.TOCI Tech Giants Covered Call Common1.31
HTA.TOHarvest Tech Achievers Growth & Income ETF1.22
TLF.TOBrompton Tech Leaders Income ETF1.20
HTAE.TOHarvest Tech Achievers Enhanced Income ETF - Class A Units1.18
ZXLK.TOBMO SPDR Technology Select Sector Index ETF0.78
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows ZXLK.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ZXLK.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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