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 -41.86% vs 42.45% for XLK. At a correlation of -0.86, 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 -29.61% return, which is significantly lower than XLK's 26.22% return.
AIBD
- 1D
- 3.49%
- 1M
- 0.52%
- 6M
- -26.17%
- YTD
- -29.61%
- 1Y
- -41.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -2.42%
- 1M
- -1.79%
- 6M
- 23.80%
- YTD
- 26.22%
- 1Y
- 42.45%
- 3Y*
- 28.08%
- 5Y*
- 19.72%
- 10Y*
- 24.50%
AIBD vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -29.61% | -49.15% | -34.56% |
XLK State Street Technology Select Sector SPDR ETF | 26.22% | 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 | -0.86 |
The correlation between AIBD and XLK has been stable across timeframes, ranging from -0.86 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 | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.68 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.45 | 8.10 | -9.55 |
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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 | -78.58% | -8.43% | -70.15% |
Average DrawdownAverage peak-to-trough decline | -49.58% | -34.85% | -14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.94% | 5.25% | +23.69% |
Volatility
AIBD vs. XLK - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 16.94% compared to State Street Technology Select Sector SPDR ETF (XLK) at 11.01%. 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 | 16.94% | 11.01% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 41.93% | 20.77% | +21.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.88% | 24.43% | +30.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.23% | 25.56% | +31.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.23% | 24.79% | +32.44% |
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 3.58%, more than XLK's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.58% | 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 | 0.44% | 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 (16.94%) compared to XLK (11.01%). In terms of maximum drawdown, AIBD dropped -82.11% vs XLK's -82.05%.
On 1-year performance, XLK leads with 42.45% vs -41.86% for AIBD. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 11.01%. 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 42.45% return vs -41.86%. 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 3.58%, compared with 0.44% 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 (1.75 vs -0.77), 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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