AIBD vs. XLK
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past year, AIBD returned -50.84% vs 52.47% for XLK. At a correlation of -0.87, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.08%/yr for XLK.
Performance
AIBD vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -29.34% return, which is significantly lower than XLK's 28.25% return.
AIBD
- 1D
- 4.59%
- 1M
- -0.57%
- YTD
- -29.34%
- 6M
- -27.18%
- 1Y
- -50.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -4.14%
- 1M
- 2.23%
- YTD
- 28.25%
- 6M
- 26.51%
- 1Y
- 52.47%
- 3Y*
- 30.61%
- 5Y*
- 21.34%
- 10Y*
- 25.48%
AIBD vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -29.34% | -49.15% | -34.56% |
XLK State Street Technology Select Sector SPDR ETF | 28.25% | 24.61% | 12.19% |
Correlation
The correlation between AIBD and XLK is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.80 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.87 |
The correlation between AIBD and XLK has been stable across timeframes, ranging from -0.87 to -0.80 - a consistent structural relationship.
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Return for Risk
AIBD vs. XLK — Risk / Return Rank
AIBD
XLK
AIBD vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and State Street Technology Select Sector SPDR ETF (XLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBD | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.31 | -4.18 |
| Martin ratioReturn relative to average drawdown | -1.72 | 10.56 | -12.29 |
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Drawdowns
AIBD vs. XLK - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIBD and XLK.
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Drawdown Indicators
| AIBD | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -82.05% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -15.92% | -42.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -78.50% | -6.96% | -71.54% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -34.90% | -13.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.08% | 4.98% | +27.10% |
Volatility
AIBD vs. XLK - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 21.86% compared to State Street Technology Select Sector SPDR ETF (XLK) at 12.51%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.86% | 12.51% | +9.35% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 19.70% | +20.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.13% | 23.48% | +30.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.30% | 25.37% | +31.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.30% | 24.71% | +32.59% |
AIBD vs. XLK - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than XLK's 0.08% expense ratio.
Dividends
AIBD vs. XLK - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.81%, more than XLK's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.81% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.43% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
AIBD and XLK have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (21.86%) compared to XLK (12.51%). In terms of maximum drawdown, AIBD dropped -82.11% vs XLK's -82.05%.
On 1-year performance, XLK leads with 52.47% vs -50.84% for AIBD. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 12.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLK has performed better with a 52.47% return vs -50.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLK is cheaper with a 0.08% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.81%, compared with 0.43% for XLK.
AIBD is categorized as Inverse Equities, while XLK is Technology Equities. AIBD tracks Solactive US AI & Big Data Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.05% for AIBD and 0.08% for XLK.
XLK currently has the higher Sharpe Ratio (2.25 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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