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 Artificial Intelligence 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 -41.24% vs 39.24% for XLK. Their -0.86 correlation means they have often moved in opposite directions in the past. 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 -31.49% return, which is significantly lower than XLK's 23.97% return.
AIBD
- 1D
- -6.61%
- 1M
- -5.41%
- 6M
- -32.88%
- YTD
- -31.49%
- 1Y
- -41.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -48.66%
XLK
- 1D
- 1.53%
- 1M
- -1.41%
- 6M
- 22.86%
- YTD
- 23.97%
- 1Y
- 39.24%
- 3Y*
- 28.50%
- 5Y*
- 19.12%
- 10Y*
- 23.73%
- ALL TIME*
- 10.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $519.95K | $453.46K | $480.15K | |
| $1.65B | $1.63B | $2.23B |
AIBD vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -31.49% | -49.15% | -34.56% |
XLK State Street Technology Select Sector SPDR ETF | 23.97% | 24.61% | 12.19% |
Correlation
The correlation between AIBD and XLK is -0.82, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.82 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.86 |
The correlation between AIBD and XLK has been stable across timeframes, ranging from -0.86 to -0.82 - 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 | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.48 | -3.18 |
| Martin ratioReturn relative to average drawdown | -1.38 | 6.68 | -8.06 |
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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 | -79.15% | -10.07% | -69.08% |
Average DrawdownAverage peak-to-trough decline | -50.32% | -34.80% | -15.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.92% | 5.89% | +24.03% |
Volatility
AIBD vs. XLK - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 19.15% compared to State Street Technology Select Sector SPDR ETF (XLK) at 9.37%. 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 | 19.15% | 9.37% | +9.78% |
Volatility (6M)Calculated over the trailing 6-month period | 44.02% | 21.74% | +22.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.47% | 25.56% | +30.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.51% | 25.77% | +31.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.51% | 24.91% | +32.60% |
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 3.68%, more than XLK's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.68% | 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 | 0.45% | 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 -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (19.15%) compared to XLK (9.37%). In terms of maximum drawdown, AIBD dropped -82.11% vs XLK's -82.05%.
On 1-year performance, XLK leads with 39.24% vs -41.24% for AIBD. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 9.37%. 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 39.24% return vs -41.24%. 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 3.68%, compared with 0.45% for XLK.
AIBD is categorized as Artificial Intelligence, 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 (1.55 vs -0.73), 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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