AIVC vs. XLK

Last updated Aug 4, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - AIVC tracks the Bloomberg AI Value Chain Index while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 10 years, AIVC returned 15.10%/yr vs 23.73%/yr for XLK. Their 0.73 correlation means they have sometimes moved together and sometimes differently. AIVC charges 0.59%/yr vs 0.08%/yr for XLK.

Performance

AIVC vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 56.92% return, which is significantly higher than XLK's 23.97% return. Over the past 10 years, AIVC has underperformed XLK with an annualized return of 15.10%, while XLK has yielded a comparatively higher 23.73% annualized return.

AIVC

• 1D: 3.37%
• 1M: 0.06%
• 6M: 47.24%
• YTD: 56.92%
• 1Y: 96.84%
• 3Y*: 42.42%
• 5Y*: 15.82%
• 10Y*: 15.10%
• ALL TIME*: 15.34%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIVC Amplify Bloomberg AI Value Chain ETF	$721.94K	$1.14M	$2.79M
XLK State Street Technology Select Sector SPDR ETF	$1.65B	$1.63B	$2.23B

AIVC vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVC Amplify Bloomberg AI Value Chain ETF	56.92%	39.94%	18.22%	39.28%	-38.91%	-7.23%	41.45%	27.78%	-18.62%	35.42%
XLK State Street Technology Select Sector SPDR ETF	23.97%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	34.26%

Correlation

The correlation between AIVC and XLK is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Mar 9, 2016	0.73

The correlation between AIVC and XLK shifts across timeframes, from 0.73 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

AIVC vs. XLK - Sectors Allocation Comparison

Sectors	AIVC	XLK
Technology	91.0%	99.1%
Consumer Cyclical	5.0%	-
Communication Services	2.1%	0.9%
Industrials	1.7%	0.1%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.2%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AIVC vs. XLK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIVC

AIVC Risk / Return Rank: 90
AIVC Sharpe Ratio Rank: 95
AIVC Sortino Ratio Rank: 89
AIVC Omega Ratio Rank: 87
AIVC Calmar Ratio Rank: 91
AIVC Martin Ratio Rank: 90

XLK

XLK Risk / Return Rank: 62
XLK Sharpe Ratio Rank: 66
XLK Sortino Ratio Rank: 60
XLK Omega Ratio Rank: 60
XLK Calmar Ratio Rank: 70
XLK Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIVC vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) 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.

	AIVC	XLK	Difference
Sharpe ratio: Return per unit of total volatility	2.77	1.55	+1.22
Sortino ratio: Return per unit of downside risk	3.14	2.08	+1.06
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	4.18	2.48	+1.71
Martin ratio: Return relative to average drawdown	14.70	6.68	+8.02

AIVC vs. XLK - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 2.77, which is higher than the XLK Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of AIVC and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVC vs. XLK - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIVC and XLK.

Drawdown Indicators

	AIVC	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-82.05%	+25.94%
Max Drawdown (1Y) Largest decline over 1 year	-23.29%	-15.92%	-7.37%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	-25.66%	-6.89%
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	-33.56%	-20.02%
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	-33.56%	-22.55%
Current Drawdown Current decline from peak	-13.72%	-10.07%	-3.65%
Average Drawdown Average peak-to-trough decline	-16.35%	-34.80%	+18.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	5.89%	+0.72%

Volatility

AIVC vs. XLK - Volatility Comparison

Amplify Bloomberg AI Value Chain ETF (AIVC) has a higher volatility of 13.60% compared to State Street Technology Select Sector SPDR ETF (XLK) at 9.37%. This indicates that AIVC'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.

Volatility by Period

	AIVC	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.60%	9.37%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	29.91%	21.74%	+8.17%
Volatility (1Y) Calculated over the trailing 1-year period	35.27%	25.56%	+9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.40%	25.77%	+5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.52%	24.91%	+2.61%

AIVC vs. XLK - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

AIVC vs. XLK - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.11%, less than XLK's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVC Amplify Bloomberg AI Value Chain ETF	0.11%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%	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

Can I hold both AIVC and XLK in my portfolio?

With a correlation of 0.92, AIVC and XLK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AIVC or XLK?

AIVC has higher volatility (13.60%) compared to XLK (9.37%). In terms of maximum drawdown, AIVC dropped -56.11% vs XLK's -82.05%.

Which ETF is better, AIVC or XLK?

On 10-year performance, XLK leads with 23.73% vs 15.10% for AIVC. 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.

Which ETF has performed better, AIVC or XLK?

Over the 10-year period, XLK has performed better with a 23.73% return vs 15.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.59% for AIVC.

Which ETF pays a higher dividend yield, AIVC or XLK?

XLK has the higher dividend yield at 0.45%, compared with 0.11% for AIVC.

What is the main difference between AIVC and XLK?

AIVC tracks Bloomberg AI Value Chain Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Amplify and State Street. Their fees differ too: 0.59% for AIVC and 0.08% for XLK.

Which has better risk-adjusted returns?

AIVC currently has the higher Sharpe Ratio (2.77 vs 1.55), 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.